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Otto Energy aims to create shareholder wealth from early cash flow from its indirect 18.28% interest in the Galoc Field, gas prospective licences in Turkey, undeveloped Calauit Oil Field in the Philippines and the "company making" exploration to be drilled in the next two years.

13-08-2008
Turkey Field Contracts Awarded for Plant, Pipeline Design and Engineering

Otto Energy Ltd (ASX: OEL) and its joint venture partners have awarded two contracts for the design and engineering of a gas processing plant and pipeline for the development of the Edirne gas fields in Western Turkey.

01-08-2008
Galoc oilfield yet to come on stream_7.14.2008_Reuters Newswire


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