Australia's Otto Energy climbs as FY loss narrows

Otto Energy

28/09/2021 07:07

** Shares of oil and gas explorer Otto Energy Limited
 OEL.AX  rise as much as 5.26% to A$0.01, highest since Sept 23
    ** Co posts FY loss after tax of $0.5 mln vs loss of $1.4
mln a year earlier  urn:newsml:reuters.com:*:nL8N2QU09L
    ** FY rev up 38% to $39.7 mln due to increased production
and higher crude oil natural gas and NGL prices
    ** Production increased by 17% to 3,032 boe/d - OEL
    ** More than 10 mln shares have changed hands, compared with
the 30-day average of about 3.5 mln shares 
    ** Stock up 5.56% YTD, as of last close 

 (Reporting by Jaskiran Singh in Bengaluru)
 ((jaskiran.singh@thomsonreuters.com))