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Otto Energy to reveal farm-in

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Otto Energy (ASX:OEL) is readying to reveal details of a farm-in transaction, with the ASX granting the company a trading halt to prepare.

No further details have yet been released.

The company did recently acquire Borealis Petroleum Pty Ltd, which has access to a substantial acreage position in onshore Alaskan North Slope.

The halt will last until the opening of trade on Monday 14th December 2015, or earlier if an announcement is made to the market.

 

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Quick facts: Otto Energy Ltd

Price: 0.034 AUD

ASX:OEL
Market: ASX
Market Cap: $83.66 m
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