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An update from Otto Energy Limited ( (AU:OEL) ) is now available.
Otto Energy Limited reported its quarterly activity for the period ending June 30, 2025, highlighting a shareholder distribution of $0.008 per share and a cash balance of US$14.9 million post-distribution. Despite a nominal decrease in production and weaker commodity pricing, the company maintained a robust cash position, demonstrating the strength of its five producing assets. The resignation of Acting CEO Phil Trajanovich was also announced, with the board actively searching for a replacement.
More about Otto Energy Limited
Otto Energy Limited operates in the energy sector, focusing on oil and gas production. The company is involved in various producing assets, including South Marsh 71, Lightning, Green Canyon 21, Mosquito Bay West, and Oyster Bayou South, with a strategic emphasis on maximizing cash flow and reducing controllable costs.
Average Trading Volume: 4,414,477
Technical Sentiment Signal: Hold
Current Market Cap: A$21.58M
Learn more about OEL stock on TipRanks’ Stock Analysis page.