Otto Energy Ltd V.OEL

Primary Symbol: OTTEF

Energy Oil & Gas E&P

Otto Energy Limited is an Australia-based oil and gas exploration and production company, which is focused on the Gulf of Mexico region. The Company’s projects include South Marsh 71 (SM 71), Lightning Field, Green Canyon 21 (GC 21), Mosquito Bay West, Oyster Bayou South and South Timbalier 48. The South Marsh 71 is located in the offshore shallow waters of the Gulf of Mexico. The Lightning Field is located in onshore Matagorda County, Texas. The Green Canyon 21 is located in the offshore deep waters of the Gulf of Mexico. The Mosquito Bay West and Oyster Bayou South are located in the offshore state waters, Terrebonne Parish, Louisiana. The South Timbalier 48 is located in the offshore shallow waters of the Gulf of Mexico. The Company's subsidiaries include GPC Investments SA, Borealis Petroleum Pty Ltd, Otto Energy Alaska (Delaware) LLC, Otto Energy (USA) Inc, Otto Energy (Louisiana) LLC, Otto Energy (Patrick Henry) LLC and others.

OTCPK:OTTEF - Post by User

Otto Energy Ltd

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Post by riverrowon Nov 01, 2002 7:51pm

169 Views

Post# 5552503

Pumping?

As I recall I first bought this stock shortly after a proposed financing was announced. It seemed like the financing was to be for around 40 cents. Not long after that announcement the price of the stock dropped to about 20 cents, which is where I started buying in. In the end, this lastest flow through private placement is at 40 cents, which seemed like a great deal when the stock was trading at 20 cents. Also, if there are people pumping this stock, they don't appear to be very effective. Good luck to all longs.

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