EXPLORATION

Otto dances with super-majors

EDISON can see plenty of upside for Otto Energy, which is now in the realm of super-majors in Alaska's North Slope having departed from its historic core operating area in the Philippines.

Otto signed a letter of intent with private Australian group Borealis Petroleum, which in turn has farmed in between 8% and 10.8% to 579,374 gross acres of the Great Bear project for $US20 million ($27.53...

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