EXPLORATION

Otto dazzled by northern lights

CASHED-UP Perth-based oiler Otto Energy has opened up a new front in its drive to hunt down liquid hydrocarbons by teaming up with successful explorer Great Bear Petroleum on the prolific North Slope of Alaska.

Otto will take its share in the North Slope plays by taking an investment in start-up Borealis Petroleum as part of an arms-length transaction. Melbourne-based Borealis was founded by Cosimo Damiano,...

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