EXPLORATION

Otto to fund two new US wells; eyeing LS257 appeal

OTTO Energy is to fund the drilling of two wells off the coast of Louisiana, the Mosquito Bay West and Oyster Bayou South wells in Terrebonne Parish.

File photo: an offshore asset for Otto's Green Canyon

File photo: an offshore asset for Otto's Green Canyon

Otto holds a 30% working interest in Mosquito Bay West and 30% in Oyster Bayou South.  Castex Energy is the operator of both wells; Mosquito Bay has a 77% chance of success, assessed by Otto Energy;...

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