Past year: ▲ 50%(0.40c – 0.80c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Aug 2026resource reserve update● NeutralMajor
Reserves at 30 June 2026: 1P 1.4 MMboe (down 21%), 2P 2.0 (down 15%), 3P 5.1 (down 11%). Declines are broadly in line with FY26 production of 355 Mboe, with only minor downward revisions. Updates the 30 June 2025 figures.
31 July 2026quarterly activities report▲ Good
June 2026 quarter: cash US$23.2m, no debt, operating cash inflow US$2.2m. Production flat at 1,215 boe/d, revenue about US$6.0m on WTI averaging US$95.31/bbl. Otto bought a US$10m-to-AUD forward contract in May, anticipating a possible shareholder return. Sale process noted.
24 June 2026asset acquisition disposition● NeutralMajor
Otto launched a formal process to evaluate selling its Gulf of America assets, the SM 71 oil field and GC 21 well, using PetroDivest as adviser. Aim is returning proceeds to shareholders. No timetable set and no assurance of a sale.
29 Apr 2026quarterly activities report▲ Good
March 2026 quarter: cash US$21.0m, no debt, but production fell to 1,208 boe/d on SM 71 compressor downtime. Revenue rose 14% to US$4.8m as oil prices jumped from March; management expects significantly higher June quarter revenue. Still committed to returning excess cash.
12 Mar 2026half year report● Neutral
Half year to December 2025: revenue US$6.72m (down from US$8.16m), net profit US$1.12m versus a US$5.0m loss, after a US$0.89m impairment on Mosquito Bay and Oyster Bayou. Cash US$19.3m, no debt. Still defining a cash return to shareholders.
11 Mar 2026director officer appointment● NeutralMajor
Justin Clyne confirmed as permanent Chairman, ending his interim status that began 1 October 2025. He has been a director since October 2024. This closes the open question of a permanent chair.
28 Jan 2026quarterly activities report▲ Good
December quarter: cash up to US$19.3m, no debt, operating cash inflow US$2.4m including US$0.7m of Talos GC-21 audit credits. Production 1,298 boe/d. SM 71 stabilised after the F5 shut-in. Management is working on the scope and timing of a cash return.
14 Jan 2026security holder rights change● Neutral
Unmarketable parcel sale completed: 1,680 holders sold 42.75m shares for A$172,861 in total. Otto now has 1,602 shareholders; shares on issue unchanged at 4,795,009,773. Resolves the October facility and cuts the number of small holders.
27 Nov 2025investor presentation● Neutral
CEO's AGM presentation, built on the 30 June 2025 reserves and known operating facts. The text provided is mostly disclaimers and reserves reporting notes, with no new figures or events visible.
27 Nov 2025other● Neutral
Interim Chairman's AGM address repeats FY25 results: US$25m distribution, US$0.7m profit, admin costs down 26%, cash US$14.9m and no debt. Capital approach unchanged: protect the balance sheet and seek chances to return surplus cash. No new information.
31 Oct 2025quarterly activities report▲ Good
September quarter: cash rose to US$16.9m with no debt, operating cash inflow US$2.0m. Production 1,355 boe/d, with oil up 11% on better uptime. No open hedges remain. Confirms Dorros as CEO and Clyne as interim chair; AGM set for 27 November.
27 Oct 2025security holder rights change● Neutral
Otto set up a sale facility for holdings under A$500 (99,999 shares or fewer at A$0.005). Those holders are sold automatically unless they opt out by 12 December 2025. Otto pays the costs and expects lower administration expenses.
27 Oct 2025other● Neutral
Routine Appendix 4G confirming the corporate governance statement for FY25 is on Otto's website and approved by the board. No new substantive information.
27 Oct 2025annual report● Neutral
FY25 annual report: five producing Gulf Coast fields (SM 71, Lightning, GC 21, Mosquito Bay West, Oyster Bayou South), US$25m distributed to shareholders, no debt. New Interim Chairman Justin Clyne thanks Geoff Page. Repeats the 19 September results already known.
1 Oct 2025director officer appointment● NeutralMajor
Justin Clyne became Interim Chairman from 1 October 2025, replacing Geoff Page, who stays as a director and chairs the Audit and Risk Committee. The chair remains interim, not permanent.
19 Sept 2025annual report● Neutral
FY25: revenue US$15.6m (FY24 US$20.4m), net profit US$0.7m versus a US$1.7m loss, admin costs down to US$2.9m. Production 1,447 boe/d. US$25.0m returned to shareholders; cash US$14.9m, no debt. New CEO targets further distributions.
25 Aug 2025director officer appointment▲ GoodMajor
Chris Dorros appointed permanent CEO from 25 August 2025, filling the gap left by Trajanovich. Pay is US$350,000 a year plus incentives and a bonus of 2% of gross returns to shareholders.
14 Aug 2025resource reserve update▼ BadMajor
30 June 2025 reserves: 1P 1.8 MMboe (-10%), 2P 2.5 MMboe (-24%), 3P 5.8 MMboe (-3%). Contingent and prospective resources fell to 2.0 MMboe from 8.7 following the ST 48 relinquishment. Lightning and GC 21 proved reserves rose.
30 July 2025quarterly activities report● NeutralMajor
June quarter: the A$38.4m (A$0.008/share) capital return was paid 16 June, leaving cash at US$14.9m with no debt. US$2.4m F5 insurance settled. Production fell to 1,320 boe/d as the F5 well was shut in, since it produced only gas.
14 July 2025director officer appointment▼ BadMajor
Acting CEO Phil Trajanovich resigned effective 12 July 2025, about a year after taking the role. The board has begun a search for a new CEO.
8 July 2025security holder rights change▲ Good
The ATO issued a final, binding ruling (CR 2025/43) on the 16 June 2025 payment: A$0.00657 per share was return of capital and A$0.00143 a dividend. This resolves the long-running ruling delay.
30 May 2025admin correction● Neutral
Clarifies the 26 May release: the dividend portion of the payment is declared by Otto, not 'deemed' by the ATO. The draft ruling remains non-binding. No change to amounts or dates.
26 May 2025security holder rights change▲ GoodMajor
Otto received a draft ATO class ruling: part of the A$0.008 payment will be a dividend and the rest a return of capital. The draft is not binding; the 16 June payment timetable is unchanged.
26 May 2025security holder rights change● Neutral
Formal notice of the cash return of capital: A$0.00657 per share, ex-date 29 May, record date 30 May, payment 16 June 2025, funded from cash. A final ATO ruling is expected after payment.
12 May 2025security holder rights change● Neutral
Return of capital timetable moved again, now payment on 16 June 2025 (previously 30 May). Otto expects a final ATO class ruling within 28 days.
30 Apr 2025quarterly activities report● Neutral
March quarter production fell 9% to 1,418 boe/d, but revenue held at US$5.2m. Cash rose to US$35.6m; US$2.04m of F5 insurance was received after quarter end. Otto bought small oil put options (US$60 strike, US$94,500 cost). ATO ruling expected next quarter.
7 Apr 2025security holder rights change▼ Bad
The A$40.0m (A$0.008 per share) return of capital timetable slips again, with payment now targeted 30 May 2025 (previously 22 April). The ATO class ruling is still not received.
12 Mar 2025half year report● Neutral
Half-year to 31 Dec 2024: revenue US$8.16m, net loss US$5.0m after US$6.7m F5 exploration spend, cash US$32.8m, no debt. G&A fell 55% to US$1.1m. An SM 71 insurance claim for up to US$2.925m was lodged; the F5 well missed oil expectations.
24 Feb 2025security holder rights change▼ Bad
The return of capital timetable slips once more, with payment now targeted 22 April 2025 (previously 7 March). The ATO class ruling for the A$40.0m (A$0.008 per share) return is still not received.
31 Jan 2025quarterly activities report● Neutral
December quarter production rose 6% to 1,552 boe/d and revenue 4% to US$5.23m. Cash fell to US$32.8m, mainly US$7.1m on the F5 well, which the company says has not met its oil rate expectations. The ATO ruling is still pending.
