NorAsian Energy

West Perth-based Otto Energy has agreed to farm-out 60 per cent of its Philippines oil and gas project to BHP Billiton Petroleum.

West Perth oil and gas exploration firm Otto Energy Ltd subsidiary NorAsian Energy Ltd has been ranked as preferred bidder for an exploration service contract covering 7,440 sqkm, covering the Visayan Basin in the Philippines, the company has announced.

West Perth-based Otto Energy Ltd is putting the building blocks together to develop itself into an oil and gas explorer of note with the company buying the remaining 50 per cent ownership of its Philippine asset package and announcing a firm rig contract.

Has completed the acquisition of the 50% of the issued capital in unlisted NorAsian Energy Limited that it did not own.

West Perth-based mining company Ottoman Energy Ltd has gone into a trading halt, preparing for an announcement relating to the acquisition of oil rigs.

OTTOMAN Energy Ltd has announced a placement of 29 million shares, allowing the company to further develop its offshore oil sites in the Philippines.

West Perth-based mining company Ottoman Energy Ltd has announced a placement of 29 million shares, allowing the company to further develop their offshore oil sites in the Philippines.