Otto Energy Limited

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) and joint venture partner and the Operator AIM-listed Ascent Resources Plc have confirmed the drilling schedule for the Gazzata-1 onshore gas exploration well in the Cento - Bastiglia permits of Italy's highly prospective Po Valley. The drilling of the Gazzata-1 well is now planned to commence in January 2009.

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) is pleased to advise that the Company has estimated the contingent resources at 8.5bcf (mid case), in the Edirne Licence, located in the Thrace Basin of Western Turkey.

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) announce an update on the development of the Galoc Oil Field by the Operator, Galoc Production Company W.L.L. ("GPC").

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) recently released its Quarterly Report for the period ended 30 June 2008. What can you tell us about the corporate milestones met so far this year, and what investors can look forward to in the next 6-12 months?

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) through its wholly owned subsidiary NorAsian Energy ("NorAsian") is pleased to advise that operations have commenced for the site surveys in Service Contracts SC50 and SC51 offshore Philippines.

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) and its joint venture partners have awarded two contracts for the design and engineering of a gas processing plant and pipeline for the development of the Edirne gas fields in Western Turkey.

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) provides an update on the riser replacement and reconnection operations at the Galoc Oil Field.

Australian-based international oil and gas company Otto Energy (ASX:OEL)(PINK:OTTEF) is pleased to announce the appointment of Mr Richard King who joins the company as Commercial Manager on 28th July 2008.

Oromin Explorations Ltd. (CVE:OLE)(PINK:OLEPF) is pleased to announce the receipt of an independent report (the "Santa Rosa Evaluation") from Aeon Exploration Inc. of Calgary, Alberta ("Aeon") that provides an evaluation of prospective resources with respect to its 100% owned CCyB-9 Santa Rosa exploration permit and exploitation concession on a property located in the Cuyana Basin in the Province of Mendoza, Argentina.

Otto Energy (ASX:OEL)(PINK:OTTEF) advises that an "Evaluation of Prospective Resources" report on the Santa Rosa Exploration Permit located in the Cuyana Basin in the Province of Mendoza, Argentina, has been released by Oromin Explorations Ltd (Oromin).