Australia: Clayton Utz advises Otto Energy on superior proposal of US$108m for sale of Otto's Galoc Field interest
Last Updated: 19 December 2014

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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