Otto Energy Ltd is one of the largest acreage holders in the Philippines as operator of four exploration Service Contract (SC) areas totalling a gross area of over 22,000 square kilometres. Two years of detailed technical review and evaluation has identified considerable potential in Otto's Philippines acreage portfolio that warrants commitment to the drilling of multiple explorations wells.

Otto now seeks farm-in partners for seismic, multi-well exploration and appraisal programmes in its operated permits in the Philippines.

For more information click the PDF links below.

SC51 & SC69 Farmout Flyer

SC50 Farmout Flyer

Highlights

April 2010
Acquisition of 7900km of 2D seismic inSC69
Feb/Mar 2010
Acquisition of 1800km²of 3D seismic in SC55
Award of 880km² additional acreage to SC55
Jan 2010
Acquisition of 600km²of 3D seismic in SC55
Oct 09
Farm-out launched for SC50, SC51, SC55 and SC69
2008
Seismic Interpretation and drilling planning
2006 / 2007
Otto undertakes extensive seismic campaign across all blocks
September 2006
Otto acquired 100% of NorAsian and Operatorship
2005
Otto entered Philippines with 50% of NorAsian

A confidentiality agreement is required to gain access to a digital data room. An introductory technical presentation on each permit by Otto's staff may also be possible. For further information or to obtain a copy of the confidentiality agreement, please contact Mr Paul Senycia, Exploration Manager for Otto Energy at Senycia@ottoenergy.com