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Macquarie backs Otto's future development plans

MACQUARIE Bank has provided ASX-listed Otto Energy with a three-year senior secured US$55 million (A$80 million) term debt facility for the company's future exploration and development ambitions.

paul hunt
Macquarie backs Otto's future development plans

    Otto announced this morning it had secured the facility and would designate cash for its "current and future developments" in the on- and offshore Gulf of Mexico region. Otto said the initial...

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