Annual Reserves and Resources Statement
(WorldNews Mexico)

ASX ANNOUNCEMENT 24 September 2020 ANNUAL RESERVES AND RESOURCES STATEMENT Highlights Proved Reserves (1P) increased 31% to 4.8 MMboe (net to Otto) Proved and Probable Reserves (2P) increased 13% to 8.1 MMboe (net to Otto) Proved, Probable and Possible Reserves (3P) increased 15% to 11.7 MMboe (net to Otto) Prospective Resources of 49.1 MMbbl of oil and 55.2 Bcf of gas Otto Energy (Otto, ASX:OEL) ("Otto" or the "Company") is pleased to provide the following summary of estimates of reserves and resources as at 30 June 2020. The reserves cover Otto`s offshore leases at South Marsh 71 ("SM 71") and Green Canyon 21 ("GC 21"), and its Lightning Field lease...