MARKETS

Otto monetises Alaska portfolio

ASX-listed energy smallcap Otto Energy has announced a partial sale of 11 million shares of Pantheon Resources to an undisclosed institutional investor for around US$10.5 million (A$14 million).

Offshore assets operated by Otto Energy

Offshore assets operated by Otto Energy

Otto has retained approximately 3.27 million Pantheon shares, plus an overriding royalty interest of '0.5% of 8/8ths' future production from the Talitha unit well program in Alaska.  The company says...

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