Otto Energy Ltd. Overview
Otto Energy Ltd., an oil and gas exploration and production company, operates primarily in North America. The company is listed on the ASX All Markets and trades in Australian dollars (AUD). As of May 21, 2025, the close price of Otto Energy Ltd. was 0.011 AUD. The company’s market capitalization stands at 35,650,000 AUD.
Financial Highlights
The company’s financial performance has seen significant fluctuations over the past year. The 52-week high was recorded at 0.014 AUD on October 21, 2024, while the 52-week low was 0.0018 AUD on April 7, 2025. The price-to-earnings ratio is currently at -35.4, indicating a challenging financial period for the company.
Operational Focus
Otto Energy Ltd. specializes in oil and gas exploration and production, with a regional focus on North America. The company produces oil from its SM 71 oil field located in the Gulf of Mexico. Additionally, it extracts gas and condensate from its Lightning discovery in Matagorda County, Texas.
Market Position
Despite the recent financial challenges, Otto Energy Ltd. maintains a strategic position in the oil and gas sector, focusing on key production sites in North America. The company’s operations in the Gulf of Mexico and Texas are central to its production strategy.
Conclusion
Otto Energy Ltd. continues to navigate the complexities of the oil and gas industry, with a focus on its North American operations. The company’s financial metrics reflect the broader challenges faced by the sector, but its strategic production sites remain a cornerstone of its operational focus.