Sep 11 - Otto Completes Acquisition of Galoc Production Company WLL

Source Press Release
Company Otto Energy LimitedVitol 
Tags Deals, Upstream Activities
Date September 30, 2011

Otto Energy Ltd (ASX:OEL) is pleased to announce that it has now completed the transaction with Vitol previously announced on 12 August 2011. Otto has increased its stake in the Galoc Oil Field to a 33% direct working interest by acquiring 100% of the equity in the Operator, Galoc Production Company WLL. Otto would like to thank  Vitol for the good nature in which the deal has been conducted and wish  Vitol well in their future endeavours. Otto is now focused on progressing the Phase II Development at the Galoc Oil Field.

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