Otto spuds third well in Gulf Coast drilling campaign

AFTER the recent success at its two-well Lightning prospect, Otto Energy (35.62%) and joint venture partner and operator Hilcorp (59.37%) have spudded the third well in their eight well drilling program, which if successful could provide low-cost production to support ongoing exploration activities.

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The privately owned US Hilcorp has drilled the Middleton Trust-1 onshore well in Chambers Country, Texas, to a depth of 1,838 feet, targeting the relatively unexplored Oligocene era Vicksburg