Oil & Gas News

Otto Energy Limited (ASX:OEL) announces that drilling of the ST 224 #1 well has commenced within the South Timbalier 224 (‘ST 224’) lease in the Gulf Of Mexico shelf. Drilling is targeting a large, amplitude supported, high CGR (condensate gas ratio) gas condensate exploration prospect located in the prolific Bul. 1 trend. Otto holds a 25% working interest in ST 224 which is operated by W&T Offshore.

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