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Otto Energy Boosts Revenue on Rising Oil Prices Despite Production Hiccups
10:34am on Wednesday 29th of April, 2026 AEST
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Energy
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Otto Energy Boosts Revenue on Rising Oil Prices Despite Production Hiccups
10:34am on Wednesday 29th of April, 2026 AEST
Key Points
Revenue up 14% to US$4.8 million on higher commodity prices
Oil production down 6% due to SM 71 platform compressor issues
Gas production fell 11% while gas prices surged 32%
Cash balance strengthened to US$21 million with no debt
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