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Otto to sell Alaska acreage to Pantheon Resources

PANTHEON Resources have struck a deal with ASX-listed Otto Energy to acquire its working interest in the Talitha unit, Alaska, for US$8 million (A$10.3M), meaning Otto can now turn its full attention to its core operations in the Gulf of Mexico.

Mark Tilly
Otto to sell Alaska acreage to Pantheon Resources

Otto holds a 10.8% interest in the 44,000-acre Talitha Unit via its subsidiary Borealis Alaska.  Under the terms of the sale, Otto will receive approximately 14 million shares in London-listed Pantheon,...

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