Borealis Petroleum

Otto Energy Limited (ASX:OEL) has acquired 100% of the issued capital of Borealis Petroleum Pty Ltd to earn an interest, through staged capital injections, in a substantial acreage position on the highly prospective, oil prone, onshore Alaskan North Slope held by Great Bear Petroleum Operating LLC. Otto will now control Borealis Petroleum Pty Ltd and its subsidiary, Borealis Alaska LLC.

Related Information

Past People

Name	Position	Year Started	Year Ended
Cosimo Damiano	Founder, Chief Executive	2015	2015

M&A Deals

Announced	Bidder	Target	Transaction Type	Total Value
06/08/15	Otto Energy	Borealis Petroleum	Asset Acquisition	$1.2m	>>

View All

Subscribe today for award-winning, unbiased and trusted journalism

Subscription Options