Articles related to Otto Energy
 
24hGold - Publicnow
OIL Dispute Notices Issued to Swala Oil Gas (Tanzania) Plc
ASX ANNOUNCEMENT 29 July 2016 TANZANIA UPDATE DISPUTE NOTICES ISSUED TO SWALA OIL & GAS (TANZANIA) PLC Otto Energy Ltd (ASX: OEL) ("Otto" or the "Company") advises that its wholly-owned subsidiary, Otto Energy (Tanzania) Pty Ltd ("Otto Tanzania"), has issued various notices to Swala Oil and Gas (Tanzania) plc ("SOGTP"), pursuant to the Pangani and Kilosa-Kilombero Joint Operating Agreements (the "JOAs"). These notices relate to: defaults in relation to non-payment by SOGTP of cash ca
Friday, July 29, 2016
24hGold - Publicnow
Amended Funding Agreement with Metgasco Signed
ecce4d5c-fb43-44ca-81ff-63c9dd668482.pdf 22 July 2016 ASX Release Metgasco Development Funding Agreement Signed Highlights Byron Energy Limited ("Byron" or the "Company") (ASX: BYE) has entered into a binding funding agreement with Metgasco Limited ("Metgasco") (ASX: MEL). Byron and Metgasco have documented terms of a Convertible Note for $A8 million, providing Byron with funding for SM 71 project development. As part of the agreement Byron will issue 10 million unlisted optio
Monday, July 25, 2016
24hGold - Publicnow
Funding Agreement with Metgasco Signed
647f5742-4637-4afb-b013-fa0e992594fb.pdf 22 July 2016 ASX Release Metgasco Development Funding Agreement Signed Highlights Byron Energy Limited ("Byron" or the "Company") (ASX: BYE) has entered into a binding funding agreement with Metgasco Limited ("Metgasco") (ASX: MEL). Byron and Metgasco have documented terms of a Convertible Note for $A8 million, providing Byron with funding for SM 71 project development. As part of the agreement Byron will issue 10 million unlisted optio
Monday, July 25, 2016
24hGold - Publicnow
Independent Reserves Report - SM-71
e14fd09e-8c00-4c62-bb7e-bee1bf68c623.pdf ASX ANNOUNCEMENT 7 July 2016 INDEPENDENT RESERVES REPORTED FOR SM-71 Successful exploration drilling results in maiden reserves booking for Otto's Gulf of Mexico portfolio - Net 2P reserves of 2,271 Mboe to SM-71 SM-71 discovery has been delivered for a finding cost of US$2.11 per BOE Additional upside identified in near field opportunities that can be evaluated in future drilling campaigns at minimal cost Otto Energy Ltd (ASX: OEL) (
Thursday, July 7, 2016
24hGold - Publicnow
Bivouac Peak Option Entry and SM-6 Update
0e37f979-c152-4cfc-a78f-a77c1339d020.pdf ASX ANNOUNCEMENT 7 July 2016 OTTO EXERCISES OPTION TO PARTICIPATE IN BIVOUAC PEAK Acquires a 45% working interest in ~2,500 acres (10 km2)in the highly productive transitional zone, onshore coastal Louisiana Multiple exploration prospects identified on 3D seismic within a regionally proven trend of prolific Miocene production First exploration well planned to be drilled in early 2017 and funded from existing cash Post thorough technic
Thursday, July 7, 2016
24hGold - Publicnow
Byron Secures Development Funding for SM 71
9 June 2016 ASX Release Byron Secures Development Funding for SM 71 Highlights · Byron Energy Limited ("Byron" or the "Company") (ASX: BYE) has entered into a Heads of Agreement ("HOA") with Metgasco Limited ("Metgasco") (ASX: MEL). · Byron and Metgasco have agreed on the terms of a Convertible Note for up to $A8 million, providing Byron with funding for SM 71 project development. · As part of the transaction, Byron will issue 10 million unlisted options to Metgasco with an exe
Wednesday, June 22, 2016
24hGold - Publicnow
Farm Down of Upcoming Tanzania Drilling
f6a6629a-1d0c-4de6-92c7-d2ab0f5f3362.pdf ASX ANNOUNCEMENT 21 June 2016 FARM DOWN OF UPCOMING TANZANIA DRILLING Successful farm out of a 25% participating interest in the upcoming Kito-1 Well in Kilosa-Kilombero Licence, onshore Tanzania to MV Upstream Tanzania Ltd Farm-down delivers funding coverage for Otto's share of drilling costs whilst retaining significant exposure to upside Otto Net Prospective Resource post farm down is 15-48.5-137MMbbls (Low-Best-High) Kito-1 Well o
Monday, June 20, 2016
24hGold - Publicnow
Corporate Governance Statement
a7f3be73-4f62-47a0-91e8-ed6c1ce87ab4.pdf OTTO ENERGY LIMITED ACN 107 555 046 (Company) CORPORATE GOVERNANCE STATEMENT FOR THE FINANCIAL YEAR ENDING 30 JUNE 2016 This Corporate Governance Statement is current as at 29 April 2016 and has been approved by the Board of the Company. This Corporate Governance Statement discloses the extent to which the Company has, during the financial year ending 30 June 2016, followed the recommendations set by the ASX Corporate Governance Council in its pu
Friday, April 29, 2016
24hGold - Publicnow
Otto Energy's Alaskan Potential Upgraded
b5e2671f-ed50-4e1b-a8a8-7b66dd81da55.pdf ASX ANNOUNCEMENT 27 April 2016 OTTO ENERGY'S ALASKAN POTENTIAL UPGRADED Alaskan North Slope continuing to yield major new discoveries Recently completed Icewine #1 well upgrades and de-risks unconventional Hue Shale play in Otto Energy's substantial acreage position, with a large portion identified to be within the "oil recovery sweet spot" Otto's acreage ideally positioned with multiple conventional plays identified using new 3D seismic
Wednesday, April 27, 2016
24hGold - Publicnow
SM-71 No. 1 DISCOVERY UPDATE - GULF OF MEXICO
fb3a2026-0786-423f-9f48-8dd6a6da591f.pdf ASX ANNOUNCEMENT 27 April 2016 SM-71 #1 DISCOVERY UPDATE- GULF OF MEXICO SM-71 #1 preliminary porosity logs indicates net oil pay of 132 feet/40 metres Production liner run and cemented to a depth of 6,820 feet/2,078 metres Joint venture has elected to deepen SM-71 #1 by approximately 600 feet/180 metres to evaluate all prospective pre-drill target sands (this is expected to come within the original AFE well cost estimate) Otto Energy L
Tuesday, April 26, 2016
24hGold - Publicnow
BYE: Byron Energy Spuds SM 71 No 1 Well
8aa55346-3b45-4584-8352-e1f9ee698da6.pdf ASX Release SM 71 #1 Well Spuds in Gulf of Mexico 4 April 2016 Byron Energy's SM 71 #1 well has spudded in the Gulf of Mexico The well is the second well under a farm out to Otto Energy Limited (ASX: OEL) Drilling and evaluation time is expected to be approximately 20 days Further to the release of 30 March 2016, Byron Energy Limited ("Byron") advises that the contracted jack-up drilling rig, Hercules 205, spudded the B
Monday, April 4, 2016
24hGold - Publicnow
SM 6 No 2 and SM 71 No 1 Well Updates
680ad43b-3da8-4b24-a353-c1dd81e57717.pdf 30 March 2016 ASX Release SM 6 #2 and SM 71 #1 Update SM 6 # 2 well has been temporarily abandoned, prior to reaching the G 20 Sand, after attempts to free stuck drill pipe were unsuccessful Otto Energy Limited ("Otto") (ASX:OEL) has elected to participate in the drilling of SM 71 #1 well The Hercules 205 rig is now on location at SM 71 and is preparing to spud the SM71 #1 well late this week SM 6 #2 well Byron Ene
Wednesday, March 30, 2016
24hGold - Publicnow
Otto Exercises Option to Drill SM71 No.1 Well
a488beed-7227-40a1-b3e5-48cdb5e88db5.pdf ASX ANNOUNCEMENT 30 March 2016 OTTO COMMITS TO SM-71 #1 WELL - GULF OF MEXICO Otto exercises option to participate in drilling the SM-71 #1 well with Byron Energy Targeting a net Prospective Resource of 2,277 Mbbl of oil and 1,680 Mscf of gas and a net 2P Reserve of 343 Mbbl of oil and 185 Mscf of gas Drilling to commence within the coming week utilising the Hercules 205 drilling rig Otto Energy Ltd (ASX: OEL) ("Otto" or the
Tuesday, March 29, 2016
24hGold - Publicnow
Drilling Update SM6 No. 2
ffc5f449-7e6a-4ee5-b906-390a52ed2be3.pdf ASX ANNOUNCEMENT 30 March 2016 SM-6 #2 UPDATE- GULF OF MEXICO SMI-6 #2 well has been plugged and abandoned, prior to reaching the primary target SM-6 #2 well side-track commenced however after subsequent stuck drill pipe event all efforts to jar free have been unsuccessful. Rig is demobilising from location and has moved to SMI-71 drilling site Otto Energy Ltd (ASX: OEL) ("Otto" or the "Company") has been advised by Operator,
Tuesday, March 29, 2016
24hGold - Publicnow
Trading Halt
Letter to MARKET RELEASE 24 March 2016 Otto Energy Limited TRADING HALT The securities of Otto Energy Limited (the "Company") will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Wednesday 30 March 2016 or when the announcement is released to the market.
Tuesday, March 29, 2016
24hGold - Publicnow
BYE: SM 6 No 2 and SM 71 No 1 Well Updates
6d19905d-ec97-4834-af06-6c162f3982df.pdf 30 March 2016 ASX Release SM 6 #2 and SM 71 #1 Update SM 6 # 2 well has been temporarily abandoned, prior to reaching the G 20 Sand, after attempts to free stuck drill pipe were unsuccessful Otto Energy Limited ("Otto") (ASX:OEL) has elected to participate in the drilling of SM 71 #1 well The Hercules 205 rig is now on location at SM 71 and is preparing to spud the SM71 #1 well late this week SM 6 #2 well Byron Ene
Tuesday, March 29, 2016
24hGold - Publicnow
Quarterly Activities and Cashflow Report December 2015
6b3ef07a-fae2-47a1-871c-f1c7c159e175.pdf Quarterly Report for the Period Ended 31 December 2015 Name: Byron Energy Limited ASX code: BYE Shares on issue as at 31 December 2015: 192.920 million Quoted shares: 192.920 million Options on issue (unquoted): 38.945 million Cash at 31 Dec 2015: US$2.76 million Market Capitalisation at 31 December 2015 A$29 million (@$0.15 per share) Highlights Byron secured a m
Wednesday, January 27, 2016
24hGold - Noodls
RMP: SC 55 - Update
To whom it may concern 23 December 2015 Manager of Company Announcements ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000 Via E-Lodgement SC 55 - UPDATE Issued Capital: 425M ASX Code: RMP AIM Code: RMP Closing price: A$0.023 Closing Price: £0.0086 Red Emperor Resources NL (ASX | AIM: RMP) provides the following update with respect to Service Contract 55 (SC 55), offshore Palawan Basin in the Philippines. Red Emperor has
Wednesday, December 23, 2015
24hGold - Noodls
Staged Farm In Gulf of Mexico with Byron Energy
f9c9dd9f-e511-4388-bfa4-288ca19d06df 10 December 2015 Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000 By E-Lodgement NEW ACQUISITION SETS OTTO FOR ACTIVE HIGH IMPACT MULTI-WELL DRILLING IN 2016 HIGHLIGHTS: Otto secures staged farm-in for interests in a multi-asset portfolio onshore Louisiana and offshore Gulf of Mexico, United States, a prolific conventional oil and gas region Entry into 2 shallow water offshore leases
Thursday, December 10, 2015
24hGold - Noodls
Final Director's Interest Notices
4c6b316e-bb51-416e-b586-10f81b72295f.pdf 26 November 2015 Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000 By E-­‐Lodgement DIRECTOR RESIGNATIONS AND APPENDIX 3Z'S Following the resignation of Director's Mr Rick Crabb and Mr Rufino Bomasang at conclusion of the 2015 Annual General Meeting please find attached relevant Appendix 3Z's. Yours faithfully OTTO AT A GLANCE ASX-­‐listed oil and gas company with a strategy t
Thursday, November 26, 2015
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