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Otto close to achieving target 5,000bopd by end of 2020

AUSSIE junior Otto Energy has reported the maiden reserves booking for its Lightning discovery in the Gulf of Mexico, while building its production business toward its strategic goal of 5,000 barrels of oil per day by the end of 2020.

Mark Tilly
Otto close to achieving target 5,000bopd by end of 2020

Otto close to achieving target 5,000bopd by end of 2020

Its reserves report released today noted 1P reserves increased by 49% to 3.67 million barrels of oil, while its 1P reserves from SM71 replaces 82% of production through increased economic ultimate recovery. ...

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