Otto Energy Limited (AU:OEL) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Otto Energy Limited has announced the discovery of significant hydrocarbon pay in the D5, I2, and I3 sand intervals of the F5-ST well in the Gulf of Mexico. Despite drilling challenges, including a stuck drill pipe, Otto plans to participate in a bypass well to assess these promising finds further. The company, in partnership with Byron Energy, is optimistic about the potential of the SM 71 lease.
For further insights into AU:OEL stock, check out TipRanks’ Stock Analysis page.
