Otto Energy Limited (ASX:OEL) Enters Into Agreement To Acquire Additional Interest In Galoc Oil Field

  Perth, Australia, July 9, 2009 - (ABN Newswire) - Otto Energy Limited (ASX:OEL)(PINK:OTTEF) advises that Galoc Production Company (GPC) has entered into an agreement to acquire an additional 1.55% working interest in the Galoc Oil Field (Service Contract 14 Block C1).This acquisition increases GPC's working interest in the Galoc Field from 58.29% to 59.84%. As a result Otto's indirect interest in the Galoc Project will increase by 0.49% to 18.  

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