The Galoc oil field is located in a water depth of about 290 metres in Palawan's oil and gas fairway.

Otto sells oil field assets for $113m

Otto Energy says the sale of its Galoc oil field assets in the Philippines to Singapore-based energy company Risco Energy Investments for $113.4 million will help fund exploration activities for two years and return capital to shareholders.


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Otto Energy (OEL)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
2ndKopore Metals370267%20%
143rdKey Petroleum99%-19%
223rdOtto Energy49%2%
632ndTyranna Resources-30%-40%
650thAlloy Resources-33%-9%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Other
$0 Issued
$100k Issued
Total value as at the date of the transaction
Source: Morningstar


281st↑Key Petroleum$39k
282nd↓Tyranna Resources$37k
283rd↓Otto Energy$36k
284th↓Kopore Metals$36k
285th↑Alloy Resources$35k
498 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Otto Energy

123rdMatthew Allen$718k
774thJohn Jetter$112k
511thIan Macliver$85k
Ranked by total remuneration from all listed WA companies

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