logo-loader
viewOtto Energy Ltd

Otto Energy Ltd in ASX halt pending update on Byron Energy well

au_asx_358x266_56f337dc59794.png

Otto Energy Ltd (ASX:OEL) has been granted a trading halt by the ASX pending an update
in relation to progress and status of the Byron Energy SM 6 #2 well.

SM 6 #2 has already encountered three hydrocarbon bearing sands in the F zone sands.

The well is being drilled on a prospect in the south west corner of a major salt dome in SM 6, located offshore Louisiana, 216 kilometres southwest of New Orleans, Louisiana, U.S.

The halt will remain in place until the opening of trade on Wednesday 30th March 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Quick facts: Otto Energy Ltd

Price: 0.041 AUD

ASX:OEL
Market: ASX
Market Cap: $100.88 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Emmerson Resources discusses recent diamond drilling...

Emmerson Resources Ltd (ASX:ERM) managing director and CEO Rob Bills updates Proactive on the first diamond drilling activities at the Whatling Hill Project in NSW.  A 1,500-metre reverse circulation (RC) and diamond drilling program is targeting an interpreted porphyry copper-gold...

2 days ago

2 min read