Proactive Investors - Run By Investors For Investors

Otto Energy Ltd in ASX halt pending update on Byron Energy well

Otto Energy Ltd in ASX halt pending update on Byron Energy well

Otto Energy Ltd (ASX:OEL) has been granted a trading halt by the ASX pending an update
in relation to progress and status of the Byron Energy SM 6 #2 well.

SM 6 #2 has already encountered three hydrocarbon bearing sands in the F zone sands.

The well is being drilled on a prospect in the south west corner of a major salt dome in SM 6, located offshore Louisiana, 216 kilometres southwest of New Orleans, Louisiana, U.S.

The halt will remain in place until the opening of trade on Wednesday 30th March 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

View full OEL profile View Profile

Otto Energy Ltd Timeline

Newswire
December 10 2015
Newswire
October 02 2015
Newswire
July 19 2015

Related Articles

A visualisation of the CNG 200 Optimum ship
March 26 2019
GEV's unique CNG 200 Optimum ships could establish a new gas transportation market.
Rig ship
May 07 2019
COPL hopes to start appraisal drilling at OPL 226 in mid-2019, subject to finance.
Gas plant
May 09 2019
“Lixus allows lows us to ally elephant hunting with low-risk product and exploration targets.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use