Otis Energy

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Otis Energy Limited announces Yemen Block 7 transaction discontinued

During the second quarter 2013 Otis Energy Limited entered into an agreement with Mitsui E&P Middle East B.V. in relation to the acquisition of an 8.5% working interest (10% paying interest) in Block 7 in the Republic of Yemen. Under the terms of the agreement the longstop date for completion of th... Thursday, May 22, 2014

Otis Energy announce second Horizontal well at Comanche project underway

Otis Energy Limited (ASX: OTE) is pleased to provide the following update on progress at its Comanche Project (12.5% Working Interest (9.375% NRI)) located in North Central Texas. The second test well was spud on Sunday 17th of June and is currently at a depth of 1,600 feet (487 metres) of the vert... Monday, June 18, 2012

Otis Energy announce oil and gas discovery at Catahoula Lake

Otis Energy Limited (ASX: OTE) provide the following update on the second well in the 2012 drilling program at its Catahoula Lake project (20% Working Interest). SL20846 # 1, the second well of the 2012 drilling program, has resulted in the discovery of approximately eight feet of net oil/gas pay w... Wednesday, May 16, 2012

Otis Energy announce Catahoula Lake Project drilling update

Otis Energy Limited (ASX: OTE) provide the following update on the second well in the 2012 Drilling program at its Catahoula Lake project (20% Working Interest). The SL 20846 # 1, was drilled to 1,050 feet (320 metres) and surface casing had been set in place when the barge rig drawworks suffered a... Wednesday, May 9, 2012


Comanche Horizontal drilling project update

Otis Energy Limited (ASX: OTE) provide the following update on progress at its Comanche Project (12.5% Working Interest (9.375% NRI)) located in North Central Texas. The first Test Well at the Comanche project is in final phase of its transition from vertical to horizontal drilling. The horizontal ... Wednesday, April 25, 2012

Otis Energy announce drilling underway in Comanche Horizontal drilling project

Otis Energy Limited (ASX: OTE) announce that drilling of the first well, the Nocona Prospect Test Well, at its Comanche Horizontal Shallow Oil project (12.5% Working Interest (9.375% NRI)) located in North Central Texas is underway. The Test Well is currently at a depth of 1,574 feet (479 metres) o... Thursday, April 5, 2012

Otis Energy provides Sombrero project drilling update

Otis Energy Limited (ASX: OTE) provide the following update on progress at its Sombrero project (Otis Energy 5% WI , 3.75% NRI). The WC 35 State # 1 is currently at a depth of 9,770 feet (2,977 metres) after day 27 of drilling. Mudlogging operations began at 3,500 feet (1,066 metres) and will cont... Wednesday, March 28, 2012

Otis Energy acquires Texas Horizontal Drilling Project covering over 6000 acres with initial well to spud first week of April

Otis Energy Limited (ASX: OTE) announce the acquisition of a 12.5% Working Interest (9.375% NRI) in the 'Comanche Project' located in North Central Texas. The Comanche Project will target the Marble Falls Limestone formation at approximately 5,000 feet. About the Comanche Project; The Coma... Wednesday, March 28, 2012

Otis Energy announce Sombrero project drilling update

Otis Energy Limited (ASX: OTE) provide the following update on progress at its Sombrero project (Otis Energy 5% WI, 3.75% NRI). The WC 35 State # 1 is currently at a depth of 4,397 feet (1,340 metres) after 14 days of drilling. Mudlogging operations began at 3,500 feet (1,066 metres) and will cont... Wednesday, March 14, 2012
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