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Otto Energy Navigates Production Dip with Price Gains and Cost Cuts in Q1 2025
4:22am on Monday 2nd of June, 2025 AEST
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Energy
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Otto Energy Navigates Production Dip with Price Gains and Cost Cuts in Q1 2025
4:22am on Monday 2nd of June, 2025 AEST
Key Points
Q1 2025 revenue steady at US$5.2 million despite 9% production decline
Received US$2.04 million insurance claim related to SM 71 F5 sidetrack well
Mosquito Bay West production increased post-intervention but shut in late March
Lightning Field revenue up 16% driven by higher natural gas prices
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