Otto Energy Limited (OEL.AX)
Otto Energy Limited operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Adelaide, SA, AU. The stock last traded at $0.01, down 7.14% on the session, giving a market capitalisation of $31.2M. Its beta of 0.24 implies it has historically moved less than the broad market.
Otto Energy Limited is an oil and gas exploration and production enterprise operating across North America via its various subsidiaries. A key asset for the company is its 50% ownership stake in the South Marsh Island 71 project. The firm's portfolio further encompasses a 37.5% working interest in the Lightning prospect, located in Matagorda County, Texas, along with a 16.7% working interest in the Green Canyon 21 lease in the Gulf of Mexico. Founded in 2004, the company was initially named Ottoman Energy Limited before adopting its current identity, Otto Energy Limited, in August 2006. Its corporate headquarters are situated in Adelaide, Australia.
Otto Energy Limited is most often compared with the following Energy names: