Otto Energy Releases Annual Reserves and Resources Statement

Otto Energy Releases Annual Reserves and Resources Statement

Otto Energy Limited (ASX:OEL), an oil and gas exploration and production company focused on the US Gulf Coast with a high-quality production base comprising of five producing assets, has released its annual reserves and resources statement as of June 30, 2025. The report highlights a net proved reserves (1P) of 1.8 MMboe, a 10% decrease from the previous year, aligning with production during the period. Proved plus probable reserves (2P) are rep…