Otto to Spud Italian Exploration Well in Mid-May

Otto Energy Limited confirmed the timing for drilling the Gazzatta‐1 exploration well in the Cento‐Bastiglia permits in the Po Valley, onshore Italy.

The well is now expected to spud around mid May and will take approximately 30 days to drill. Otto is earning a 50% working interest through the funding of the Gazzata‐1 well and a second well if Gazzata‐1 is a significant gas discovery.