Otto Energy

Thursday, March 14, 2013 The reported increases in reserves are attributable to better than expected reservoir performance to date and an extension of field life due to higher prevailing oil prices, Otto says.

Friday, February 22, 2013 Otto Marine posts a full year loss for the second time running amid termination of contracts and fewer vessels deployed.

Wednesday, February 20, 2013 Otto receives encouraging results from airborne surveys which confirm the presence of significant sedimentary basins at Kilosa-Kilombero and at Pangani onshore East Africa.

Wednesday, June 27, 2012 Australia's Otto Energy and its partners have received a nine-month extension to the third exploration sub-phase of Service Contract 69 (SC 69) in the offshore Visayan Basin in the Philippines.

Monday, May 21, 2012 Otto Energy Ltd. provides an update on remaining oil reserves balances at the Galoc oil field in the Philippines as at January 1, 2012.

Monday, May 07, 2012 Otto Energy Ltd has received approval from the Tanzanian Government for the assignment of a working interest in the Kilosa-Kilombero and Pangani Production Sharing Agreements.

Monday, April 16, 2012 BHP Billiton, as operator of Philippines Service Contract 55 (SC55), has requested that the Department of Energy (DOE) extend the current Exploration Sub-Phase 4 of SC55 by 18 months.

Wednesday, January 18, 2012 BHP Billiton has issued a termination notice for the rig Transocean Deepwater Expedition due to the rig not passing key acceptance tests.

Wednesday, December 28, 2011 Otto Energy executes the final farm‐in agreements supporting BHP Billiton's earlier decision to enter into Service Contract 55, Offshore Palawan, Philippines.

Monday, November 28, 2011 Otto provided the following update regarding the shut-in of the FPSO Rubicon Intrepid and the Galoc oil field for the previously announced upgrade works.

Friday, September 30, 2011 Otto has now completed the transaction with Vitol previously announced on August 12, 2011.

Monday, September 05, 2011 Galoc Production Company has approved to commence FEED work and the acquisition of new 3D seismic in support of the planned Phase II development at the Galoc Oil Field.

Friday, August 12, 2011 Otto has entered into various definitive agreements to increase its stake in the producing Galoc Oil Field offshore the Philippines from an indirect 18.78% to direct 33.0% under Service Contract 14C (Galoc).

Tuesday, July 26, 2011 Galoc JV has agreed to install an improved mooring and riser system upgrade for FPSO Rubicon Intrepid, which is crucial to progressing Phase 2 field development.

Friday, July 08, 2011 GPC reported an update regarding an upgrade of the mooring and riser system for the FPSO Rubicon Intrepid operating at the Galoc field.

Thursday, June 23, 2011 Otto announced that the 3D seismic acquisition program commenced earlier in June has successfully been completed.

Wednesday, June 08, 2011 Otto has commenced a 3D seismic data acquisition program in Service Contract 69 (SC 69) in the Visayan Basin of the Republic of Philippines.

Wednesday, May 25, 2011 Otto reported that the Duhat-1A well was subsequently plugged back to 200 m TVD and abandonment operations have commenced.

Monday, May 16, 2011 Otto provided the following update on the progress of the Duhat-1 well.

Thursday, April 28, 2011 Otto provided the following update on the progress of the Duhat-1 well that was spudded on April 19, 2011.