Otto Energy Limited (ASX:OEL) Drilling Update For Kumluk 1, Edirne Licence Turkey

Perth, Jan 28, 2010 AEST (ABN Newswire) - Otto Energy Limited (ASX:OEL) (PINK:OTTEF) advises that the Kumluk-1 exploration well reached a total depth of 550 metres (m). After logging of this well, net pay of a total of 9m over three intervals was interpreted. These results are in line with pre-drill estimates. This continues the 100% exploration drill success that Otto has experienced in our Edirne licence area.

The well has been cased and cemented as a potential future production well.

The Operator is preparing to move to the next well location and anticipates spudding the Kartal-1 well during next week, depending upon prevalent weather conditions.

Contact

Matthew Allen Chief Financial Officer Tel: +61-8-6467-8800 info@ottoenergy.com