Otto shaking the tin as it farms into another GoM lease

OTTO Energy is looking to raise A$31 million through a placement and entitlement offer after farming into a new lease in the Gulf of Mexico joining operator Talos Energy and Enven for an exploration campaign set to spud in the coming months.

Otto shaking the tin as it farms into another GoM lease Otto shaking the tin as it farms into another GoM lease Otto shaking the tin as it farms into another GoM lease Otto shaking the tin as it farms into another GoM lease Otto shaking the tin as it farms into another GoM lease
 
Under the farmin agreement, Otto will acquire a 16.67% working interest in the Green Canyon 21 (GC-21) lease through covering 22.22% of drilling costs for an appraisal well.

topics

loader