Palawan prospects

February 1, 2010

Otto Energy has commenced a 590km2 3D seismic survey in the southwest section of 9000km2 permit SC55, offshore the west coast of Palawan Island, the Philippines. Several leads are to be investigated, including the Hawkeye structure, which are located on the oil and gas fairway extending from the productive region off the northwest coast of Sabah, East Malaysia.

Otto has an 85% working interest in SC55 and is the operator.



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