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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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Comment by CarefulEyeon Feb 01, 2003 12:54pm
97 Views
Post# 5825754

RE: Show me the money.

RE: Show me the money.crazy (aren't we all): I'm fuzzy on this, but my understanding is that Rally (the chief operator) is carrying them. OEL did foolishly spend $500,000. to land exploration rights (money that should have gone into pumping LA oil) -- so they couldn't just walk away (why magnify the foolery?). They owe Rally. If anyone has information to contradict this understanding, please enter.
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Dealroom for high-potential pre-IPO opportunities