NORTH AMERICA

Otto increases GoM footprint

OTTO Energy has expanded its Gulf of Mexico footprint, picking up a new block and raising capital via a share offer to develop existing holdings.

 Cellar deck in place for SMI71.

Cellar deck in place for SMI71.

Otto today announced it has raised $8.5 million in a share offer to Australian and international institutional and sophisticated investors.    The share placement is being undertaken in two tranches,...

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