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Otto Energy Returns $38.4M to Shareholders Amid Stable Oil Output and CEO Exit
2:25pm on Wednesday 30th of July, 2025 AEST
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Energy
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Otto Energy Returns $38.4M to Shareholders Amid Stable Oil Output and CEO Exit
2:25pm on Wednesday 30th of July, 2025 AEST
Key Points
Completed $0.008 per share capital return totaling A$38.4 million
Stable oil production with a 2% decline, gas production down 12%
Received $2.4 million insurance payout related to drilling challenges
Cash balance at US$14.9 million with zero debt post-distribution
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Otto Energy (ASX:OEL)
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