Otto updates reserves

US-FOCUSSED Otto Energy has updated its reserves and resources estimates covering its offshore leases at South Marsh 71 and Green Canyon 21, and its Lightning Field lease in Matagorda County, Texas.

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Attributes falls to strong well production performance

The update, which was prepared by independent consultants, Ryder Scott Company, saw a decrease across 1P, 2P and 3P reserves, with its total prospective resource (best estimate, unrisked) falling some