Otto Energy: SM 71 update - drilling ahead

As at 2.00 PM USA Central Time on 17 December 2017 the SM 71 F2 well was drilling ahead at 4895 ft MD in 9 ⁷_/8 in. hole. Itis anticipated that the well will be drilled to total depth and evaluated by the end of December.

SM 71 F2 has a planned MD of 8965 ft/2733 m (7555 ft/2303 m TVD) as previously reported to the ASX on 4 December 2017.

Otto holds a 50% working interest (40.625% net revenue interest) in South Marsh Island Block 71 through a wholly owned subsidiary Otto Energy (Louisiana) Inc. The operator, Byron Energy Limited, holds the remaining 50% working interest.