Otto sells Galoc for $113M

OTTO Energy has signed an agreement to sell off its Filipino Galoc field interests to Singaporean upstream company Risco.

Otto sells Galoc for $113M Otto sells Galoc for $113M Otto sells Galoc for $113M Otto sells Galoc for $113M Otto sells Galoc for $113M

Otto will divest 100% of the shares in its Galoc Production Company, the holder of its 33% interest in the oil field, to Risco for $US101.4 million ($A113.5 million).

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