Otto Energy Limited - Australian Company Profile

What does Otto Energy Limited do?

Otto Energy is a Public Company that generates the majority of its income from the Oil and Gas Extraction industry.

In 2024 the company generated total revenue of $30,517,000 including sales and other revenue. The exact number of employees for this organisation is not available.

The Chief Executive of Otto Energy is Mr Michael Utsler whose official title is Managing Director & Chief Executive Officer. The Chairman of Otto Energy is Mr Michael Utsler whose official title is Executive Chairman.

Otto Energy Limited is an oil and gas exploration and production company with a regional focus on the Gulf of Mexico. The company holds a portfolio of production, exploration, and appraisal assets in the prolific petroleum province of the Gulf of Mexico. Otto Energy Limited also holds an equity interest in Alaskan-focused oil and gas producer, Pantheon Resources. Otto Energy Limited’s production assets include: South Marsh Island 71 - South Marsh Island Block 71 (SM 71) is located on the Gulf of Mexico shelf in approximately 40 metres of water. The company owns a 50% Working Interest and a 40.625% Net Revenue Interest in SM 71. Byron Energy is the operator of the asset. Lightning Field - The Lightning gas/condensate field is located in onshore Matagorda County, Texas. Production commenced from the Green #1 well in April 2019 and the Green #2 well in February 2020. owns a 37.5% working interest and 28.2% net revenue interest in the Lightning field. Hilcorp Energy is the operator of the asset. Green Canyon 21 - The Green Canyon 21 lease is located in the Gulf of Mexico in approximately 370 metres of water. Production commenced from the Bulleit well in October 2020. The company owns a 16.7% working interest and 13.3% net revenue interest in Green Canyon 21. Talos Energy is the operator of the asset. Eaves Field - The Eaves Prospect is located in Lavaca County, Texas. The company owns 10.3% working interest and 7.7% net revenue. Forza Operating is the operator. Mosquito Bay West & Oyster Bayou South - Located in offshore state waters, Terrebonne Parish, Louisiana. The company owns 30% working interest in these projects and Castex Energy is the operator.Otto Energy Limited’s exploration activities include: Pantheon Resources - Otto Energy Limited holds approximately 14.3 million shares in Pantheon Resources Plc, which is the operator of the recently formed Talitha Unit in Alaska. The Talitha Unit is located on the North Slope where Pantheon holds 100% working interest in its various projects. All projects are located adjacent to the major Trans Alaska Pipeline System (TAPS) and the Dalton Highway.

Enterprise Profiles - table of contents

Enterprise Details

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Key Personnel

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Enterprise Financials

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Growth & Ratios

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Operating Segments

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Competitor Benchmarking

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Major Shareholders

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Subsidiaries

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History

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