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Otto Energy’s cash grows as SM 71 sale and capital return move forward
9:42am on Friday 30th of October, 2026 AEDT
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Oil and Gas
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Otto Energy’s cash grows as SM 71 sale and capital return move forward
9:42am on Friday 30th of October, 2026 AEDT
Key Points
US$25.6 million cash balance with zero debt
US$2.7 million net operating cash inflow
Oil production rose 8%, while total revenue fell 8% to US$5.5 million
SM 71 sale to be pursued separately after combined Gulf package drew no actionable opportunity
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Otto Energy (ASX:OEL)
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