OEL 0.00% 0.9¢ otto energy limited

FYI...Participation interests in the Galoc Field Otto owns...

  1. 2,629 Posts.
    FYI...


    Participation interests in the Galoc Field

  2. Otto owns 31.38% of GPC, which holds 59.84% working interest in the licence, giving Otto 18.77% indirect interest in the project.


    The participating interests in the Galoc Field are as follows:

    Participant Participating Interest %:

  3. Galoc Production Company W.L.L.1 (Operator) 59.84473%

  4. Nido Petroleum Philippines Pty Ltd 22.87952%

  5. Oriental Petroleum & Minerals Corporation/
    Linapacan Oil Gas & Power Corporation
    7.78505%

  6. The Philodrill Corporation 7.21495%

  7. Forum Energy Philippines Corporation 2.27575%

    Galoc Production Company is owned by;

  8. Vitol Group 68.6%
  9. Otto Energy Limited 31.4%
 
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