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16 Dec 2014

Clayton Utz advises Otto Energy on superior proposal of US$108m for sale of Otto's Galoc Field interest

16 December 2014: Clayton Utz is advising Otto Energy Limited (Otto) on its divestment of 100 per cent of the shares in Galoc Production Company WLL (GPC) to Nido Petroleum Limited for US$108m (approximately A$130m). GPC is the holder of Otto's 33 per cent interest in the Galoc oil field.

Perth Corporate Advisory/M&A partner Matthew Johnson, and senior associate Liz Humphry, are leading the Clayton Utz team.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.