• Market Wrap

Otto Energy (OEL)

Hartleys Research maintained a ‘buy’ rating on Otto Energy and has a 12-month price target of 15¢ on the stock, representing 63 per cent upside from the current share price.

• Updated Mar 3, 2014
• Elise Shaw

Otto close to east Africa entry

The junior has been working with local private group Swala to screen potential ventures that would give Otto an entry point into the increasingly popular east Africa rift region, with a focus on Mozambique, Tanzania, Uganda and Kenya.

• Updated Jan 31, 2012
• Angela Macdonald-Smith

• Market Wrap

Imdex turnaround cheers bulls

A sharp rebound in earnings for Imdex will give ammunition to market bulls who believe that the panic gripping the resources sector is overblown.

• Updated Aug 16, 2011
• Brendon Lau

• Investment banking

Company briefs

US coalminer Peabody Energy, which is leading a takeover bid for Macarthur Coal, has overhauled its executive team as it gears up for growth.

• Aug 15, 2011

• Investment banking

Otto boosts stake in Philippines oil project

Philippines-focused explorer Otto Energy has moved to take greater control of the Galoc oil venture, buying out trader Vitol’s stake for $US18.7 million.

• Updated Aug 14, 2011
• Angela Macdonald-Smith

• Opinion

Juniors champing at the drill-bit

After a disappointing 2010 on the exploration front for the junior oil and gas sector, one of the first to test the drill-bit in south-east Asia this year will be Carnarvon Petroleum, which is gearing up to start drilling in its L20/50 block onshore Thailand in little over a week’s time.

• Updated Jan 6, 2011
• Paul Garvey

• Market Wrap

Otto may need to raise reserves

Otto Energy may need to follow its partner Nido Petroleum with an increase in reserves.

• Updated Jun 8, 2010
• Trevor Hoey

Brief: Otto Energy

Otto Energy reports the Kumluk-1 exploration well in Turkey reached a total depth of 550 metres. After logging, net pay of a total of 9m over three intervals was interpreted.

• Jan 28, 2010

Brief: Otto Energy

Corporate news snapshot for Otto Energy

• Dec 15, 2009

Otto recruits experience for expansion

Oil and gas play Otto Energy has flagged an expansion into new horizons after replacing its chief executive suddenly

• Jun 24, 2009
• Paul Garvey

• Construction

Briefs

Asciano wins contract Asciano has won a long-term coal haulage contract with Macarthur Coal in Queensland

• May 6, 2009
• Michael Smith; Paul Garvey; Neil Shoebridge;

• Street Talk

Street Talk

Worst time to sell a coal terminal

• Dec 22, 2008
• Edited by: Michael Vaughan (Michael.Vaughan@afr.com.au)

Bad timing costly for Otto

The combination of low oil prices and a delayed start to production has bitten oil play Otto Energy, which is being forced to hand over every dollar of operating profit after failing to meet its debt repayments.

• Dec 16, 2008
• Paul Garvey

Briefs

Minara aims lower

• Oct 10, 2008
• Jo Clarke; Tracy Lee; Nabila Ahmed; Paul Garvey;

Briefs

Citic buys from Talbot

• Jul 15, 2008
• Staff reporter; Michael Vaughan; Paul Garvey