Australia's Otto Energy set for worst day in two weeks on lower qtrly production

Otto Energy

28/04/2022 05:20

** Shares of Otto Energy Ltd  OEL.AX  dip as much as 6.3% to
A$0.015, set for their worst day since April 12, if losses hold
    ** The oil and gas explorer posts qtrly total gas production
of 467,266 MCF, down 10% compared with the previous quarter
 urn:newsml:reuters.com:*:nASXqdVpS
    ** Reports qtrly total oil production of 114,006 BBLS, down
7% compared with the previous quarter
    ** Stock hits lowest level since April 20
    ** More than 6.4 mln shares change hands, compared with the
30-day average volume of about 4.3 mln shares 
    ** Stock has risen 7.2% year-to-date
 

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