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EXPLORATION

Otto Energy makes fourth discovery in Gulf of Mexico

AUSSIE junior Otto Energy (16.67%) and its joint venture partners EnVen Energy (33.33%) and Talos Energy (50%) have struck oil at the Green Canyon-21 exploration well, marking the company's fourth commercial discovery in the US Gulf of Mexico.

paul hunt
Otto Energy makes fourth discovery in Gulf of Mexico

The well, dubbed "Bulleit," was drilled through the deeper exploration target, the MP sands, after intersecting oil pay in the shallower DTR-10 sand package. The well hit 140 feet of pay in the DTR-10...

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