Otto Energy Limited (OEL:ASX)

Company Overview

Otto Energy Limited is an Australia-based company, which is engaged in investment in oil and gas exploration, development and production in the Philippines, East Africa and the United States. The Company's segments include Australia, Philippines, Tanzania, USA and Other. Its Kilosa-Kilombero and Pangani licence areas covering an area of over 34,000 square kilometers. The Kilosa-Kilombero project is located in Onshore East Africa, which covers an area of approximately 17,675 square kilometers. The Pangani project is located in Onshore East Africa, which covers an area of approximately 17,156 square kilometers. Its Service Contract 55 is located in Offshore-Palawan Basin and covers an area of approximately 9,880 square kilometers. Its Bivouac Peak project is located in Offshore Gulf of Mexico, which covers an area of approximately 10 square kilometers. The Bivouac Peak lease covers approximately 2,500 acres of prospective acreage in the transitional zone onshore southern Louisiana.