Otto Energy Limited

ABN Newswire Stocks to Watch today include: Linc Energy Limited (ASX:LNC)(PINK:LNCGY), Galaxy Resources Limited (ASX:GXY)(PINK:GALXF), iSOFT Group Limited (ASX:ISF), Havilah Resources Limited (ASX:HAV), Drillsearch Energy Limited (ASX:DLS)(PINK:DRLLF), Metallica Minerals Limited (ASX:MLM) and Otto Energy Limited (ASX:OEL)(PINK:OTTEF).

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) is pleased to announce that it will be commencing a 3D seismic data acquisition program in SC55. The Company plans to acquire 590km2 of 3D data in the southwest part of SC55. The programme is designed to mature the Hawkeye structure and several other key leads in the licence area. The seismic vessel is scheduled to arrive in the survey area on 14 December 2009.

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) has been advised by the field Operator, Galoc Production Company WLL (GPC), that production has resumed at the Galoc Field thus ending the temporarily suspension that was necessary due to a delay in off-loading crude oil from the FPSO. Production resumed after commencement of the delayed off-loading.

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) is pleased to present its September 2009 quarterly activities report.

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) takes this opportunity to provide an overview of operations at the Galoc Oil Field which commenced production on 9 October 2008. Otto owns an 18.78% indirect interest in the Galoc project via its interests in Galoc Production Company WLL (GPC).

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) has received confirmation from field operator, the Galoc Production Company WLL (GPC), that production at the Galoc Oil Field recommenced at 08.30hrs (local time) today.

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) has received an update from the field Operator, Galoc Production Company WLL (GPC), on the status of the re-instatement of the Mooring and Riser System (M&RS) in advance of resuming production at the Galoc Oil Field.

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) raised approximately A$26.3 million (before issue costs) during the quarter through a two tranche capital raising comprising a share placement and pro-rata entitlement issue to shareholders.

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) provides an update on its exploration drilling program in Argentina. On 26 July 2009, the exploration well 'OLE.MD.SRE X-2001' reached a total depth of 1,270 m in basement.

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) provides an update on its drilling and testing program in Turkey and exploration drilling program in Argentina. The Kuzey Ikihoyuk-1 exploration well reached a total depth of 390 metres (m). The exploration well 'OLE.MD.SRE X-2001' spudded on Wednesday 15 July 2009 at
approximately 1pm Mendoza time.