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Otto Energy Boosts Q4 Production and Revenue Amid Cost Cuts and Strategic Moves
9:11am on Friday 31st of January, 2025 AEDT
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Energy
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Otto Energy Boosts Q4 Production and Revenue Amid Cost Cuts and Strategic Moves
9:11am on Friday 31st of January, 2025 AEDT
Key Points
Q4 production increased 6% to 142,769 BOE (WI)
Revenue rose 4% to US$5.23 million (WI)
Successful drilling and production start of SM 71 F5-ST well
24% reduction in administration and corporate costs quarter-on-quarter
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