logo-loader
viewOtto Energy Ltd

Otto Energy enters ASX halt following Byron Energy details on Gulf of Mexico

The halt will remain in place until Friday 21st July 2017.

1-shutterstock_150875774.jpg
Otto's shares are in pre-open

Otto Energy Ltd (ASX:OEL) is in a joint venture with Byron Energy Ltd (ASX:BYE) for the SM 71 oil development, located in the Gulf of Mexico.

Otto has been granted a trading halt by the ASX as Byron has released a large amount of new information.

Otto said that it needs time to review.

The halt will remain in place until the opening of trade on Friday 21st July 2017, or earlier if an announcement is made to the market.

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

Archer Exploration changes name to Archer Materials and hits a milestone...

Archer Materials Ltd (ASX:AXE) chief executive officer Mohammad Choucair updates Proactive on the company’s name change from Archer Exploration to Archer Materials, to better reflect the company’s current diverse and future focus. The CEO also details an important development for its flagship...

27 minutes ago

2 min read