Otis Energy

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Latest Otis Energy News

Otis Energy Limited announces Yemen Block 7 transaction discontinued
  • Under the terms of the agreement the longstop date for completion of the transaction was in April 24th 2014, and the parties entered into a period of 20 business days to seek an alternate means of affecting the transaction.
Thursday, May 22, 2014

Otis Energy announce second Horizontal well at Comanche project underway
  • Second well at the Comanche Project underway.
  • Well to test the Marble Falls Limestone at 5,000 feet.
  • Expected drilling time approximately 40 days.
  • Recent results in the Marble Falls Limestone indicate 250,000 BOE per well is obtainable with potential of more than 40 wells required to fully develop the Comanche Project.
Monday, June 18, 2012

Otis Energy announce oil and gas discovery at Catahoula Lake
  • Oil and Gas discovery at the second well of the seven hole drilling program.
  • Well to commence production and flow testing in coming weeks.
  • Third well likely to be spud later this week.
  • Gas discovered to be used to help power production facilities at Catahoula Lake.
Wednesday, May 16, 2012

Otis Energy announce Catahoula Lake Project drilling update
  • 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 breakdown.
Wednesday, May 9, 2012

Comanche Horizontal drilling project update
  • Recent drilling activity continues to indicate the MFL is conducive to horizontal drilling and modern completion technology, and targeting porosity lenses enhanced by micro-fracturing should yield the best results.
Wednesday, April 25, 2012

Otis Energy announce drilling underway in Comanche Horizontal drilling project
  • The Test Well is currently at a depth of 1,574 feet (479 metres) of the vertical section of the well and is expected to take 22 to 25 days to complete before the lateral section of the well commences.
Thursday, April 5, 2012

Otis Energy provides Sombrero project drilling update
  • This well is expected to take between 35 to 40 days from spud to reach target depth.
Wednesday, March 28, 2012

Otis Energy acquires Texas Horizontal Drilling Project covering over 6000 acres with initial well to spud first week of April
  • The Comanche Project will target the Marble Falls Limestone formation at approximately 5,000 feet.
Wednesday, March 28, 2012

Otis Energy announce Sombrero project drilling update
  • Mudlogging operations began at 3,500 feet (1,066 metres) and will continue to target depth of 11,600 feet.
Wednesday, March 14, 2012

Otis Energy Who's Who

Harry Hill
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Barnaby Egerton-Warburton
Managing Director
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Otis Energy Offices

Head Office
Australian Office
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United States
US Office
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