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EXPLORATION

Otto wades into Gulf

FRESH from its agreement to contest a rejected lease application with its partner Byron Energy near the South Marsh Island development, Perth-based Otto has entered a new shallow water play in the US Gulf of Mexico that will be drilled before the end of the year.

Haydn Black
Otto's expanding Gulf holdings.

Otto's expanding Gulf holdings.

  Otto is joining major Gulf independent W&T Offshore (39%) in farming into private prospect generator Houston Energy's (11%) South Timbalier 224 for a 25% working interest (19.5625% net revenue interest)....

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