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Otto jumps on BHP farm-in deal

Shares in West Perth-based Otto Energy have surged higher today after it signed a farm-in option deal with BHP Billiton over an oil project in the Philippines, some 10 months after the initial agreement lapsed.

Under the deal, BHP will fund the acquisition and processing of up to 2,000 square kilometres of 3D seismic of Service Contract 55 permit, which is 85 per cent owned by Otto.

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BHP Billiton (BHP)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/18

1 year TSR5 year TSR
254thBHP Billiton27%5%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

th-BHP Billiton$59,376.3m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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