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Otto Energy Limited (ASX:OEL)

ALERT: Price-sensitive ASX Announcement for OEL
Current share price for OEL : $0.007 0.001 (16.67%)+
Announcement
Release
31 Jul 2026 9:59AM
Price at Release
$0.006
Full Release
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Summary
The quarterly activities and cash flow report for Otto Energy Limited detail production and financial activities for the quarter ending June 2026. The company faced a decrease in production primarily due to increased water production in the Green #2 well. Despite a 6% decrease in overall production to 55.3 Mboe, revenue was impacted by a 39% decrease in natural gas prices, although offset by higher prices for oil and NGLs. Otto reported cash receipts from customers totaling US$4.67 million for the quarter and US$13.83 million for the year to date. Cash at the end of the quarter was US$23.2 million with no debt, and there were no open commodity hedge positions. Payments to related parties totaled US$42,000, covering non-executive director fees. The Appendix 5B cash flow report highlights a net cash inflow from operating activities of US$2.23 million and notes zero investment in new properties or significant financing activities during the period.
Key Points
  • Decrease in production due to water production issues
  • Revenue impacted by lower natural gas prices
  • Cash receipts from customers were US$4.67 million for the quarter
  • End of quarter cash balance was US$23.2 million
  • No debt and no open commodity hedge positions
  • Related party payments totaled US$42,000
  • Net cash inflow from operating activities was US$2.23 million
  • No significant investments or financing activities
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.