ASX Announcements
Chair's Address to Shareholders
Chairman's Address to Shareholders, Letter to Shareholders
- Nov 29, 2024
- 3 pages
April 2021
- Analysis
- Shares
Reddit-fuelled ‘stonks’ stoke ASX controversy
Mega-rallies in stocks like 88 Energy, Race Oncology, and Oneview Healthcare are raising questions over new market forces.
- Tom Richardson
December 2015
Otto Energy deal with Byron Energy
Otto Energy will farm into three leases in Louisiana and Gulf of Mexico.
- Updated
- Elise Shaw
December 2014
Nido Petroleum bids for Otto Energy’s Galoc oil stake
Nido Petroleum has offered $US108 million in cash for a stake in the Galoc oil field in the Philippines, in what looks set to be the first of several M&A moves funded by its Thai majority owner, Bangchak Petroleum.
- Updated
- Angela Macdonald-Smith
October 2014
Otto Energy (OEL)
Hartleys Research has a “speculative buy” on Otto Energy, with a target price of 13.7¢ a share after it announced the sale of the Galoc production asset.
- Updated
- Elise Shaw
June 2014
Otto Energy (OEL)
Hartleys Research maintained a “buy” recommendation on Otto Energy and raised its price target to 18¢ a share from 15¢.
- Updated
- Elise Shaw
March 2014
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
- Elise Shaw
January 2012
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
- Angela Macdonald-Smith
August 2011
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
- Brendon Lau
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.
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
- Angela Macdonald-Smith
January 2011
- 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
- Paul Garvey
June 2010
Otto may need to raise reserves
Otto Energy may need to follow its partner Nido Petroleum with an increase in reserves.
- Updated
- Trevor Hoey
January 2010
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.
December 2009
June 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
- Paul Garvey
May 2009
Briefs
Asciano wins contract Asciano has won a long-term coal haulage contract with Macarthur Coal in Queensland
- Michael Smith; Paul Garvey; Neil Shoebridge;
December 2008
Street Talk
Worst time to sell a coal terminal
- 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.
- Paul Garvey