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Otto Energy Ltd V.OEL


Primary Symbol: OTTEF

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

Bullboard Posts
Post by SAMITHEBULLon Jul 17, 2003 11:15pm
196 Views
Post# 6253460

PER OEL ''they own 25% of.....

PER OEL ''they own 25% of.....Osprey10 Emailed OEL on wednesday and got the response inregards to your very valid question about the 25% stake. Per OEL(Ian M.), OEL owns 25% of the whole land the well is on.Period. end of the story. The other remaining issue is to do with the court case, which until it is settled in the next 30days,NO ONE will really know what % of the production OEL will be recieving(after they pay their costs). Hope that helps Samithebull
Bullboard Posts