Otto Energy Ltd V.OEL

RE: Time is becoming a scarce commodity.

[Malpeque]

Other PEI action is Corridor waiting for the partner to do a step out 300 meters south of the last well. Confirmed by the recent seismic. Its a one plus two deal that they are working on to earn. One well if good then two more to earn, walk away after one if not. Same drill pad and the last well with a side track. The one that will help the PEI plays the most is 3D work on the permits down east with Meteor Creek. If they can get that underway 3D will bring in the large money drillers. They are having problems like everone raising money this year but it seems it is now in place and ready to go. Rally have a great target near Summerside that the industry is watching. Its just a matter of time and money before this PEI puzzle for gas is solved, its not if its when. More action than at anytime in history and not to many people watching really. That CCX area looks like it belongs to the formation towards PEI more than other areas of Nova Scotia.