Proactiveinvestors Australia

Otis Energy

Otis Energy (ASX: OTE) has acquired a 10% working interest in the potential 126 million barrels of oil and 379 billion cubic feet of gas reserve Avalanche 3D project, located in South Central Louisiana, U.S.


Otis Energy in pre open pending announcement on Comanche oil project in Texas

Thursday, May 17, 2012 by Bevis Yeo

Otis Energy in pre open pending announcement on Comanche oil project in Texas

Otis Energy (ASX: OTE) is preparing to release an announcement relating to initial flow testing results at its Comanche project in Texas.

The company had earlier this month started drilling the horizontal section of its Comanche Horizontal Shallow Oil project well in north central Texas.

The lateral was drilled following studies aimed at determining the best lateral entry point and completion process.

Otis had previously estimated that ultimate recoveries of 250,000 barrels of oil equivalent (boe) were possible from the well targeting the liquids rich Marble Falls Limestone.

The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Monday 21 May.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

Sign up to Proactive Investors

Andrew McCrea's Research Reports
Sign up to Andrew McCrea's Research Reports and Receive Latest Research & Flash Trades
Receive Proactive Investors Newsletter, Investor Forum Invites
Receive Proactive Investors Newsletter, Event Invites, Special Stock Notifications

Comments from Proactive Investors readers

  • Fill in your details below:
Verification Code
Andrew McCrea is Sub Authorised Representative (SAR: 291331) of Proactive Investors Australia Pty Ltd
(ABN: 19 132 787 654) which is a Corporate Auhorised Representative (CAR: 413802) of RM Capital
Pty Ltd (AFSL: 221938).

Copyright ©, 2012. All Rights Reserved