From OEL's release:Highlights: Comments on release by...

From OEL's release:

Highlights:
 Comments on release by BioProspect Limited in relation to Service
Philippines Offshore Service Contracts 55 and 69
Otto Energy Ltd (ASX: OEL) wishes to comment on a release made today by
BioProspect Limited (ASX: BPO) in relation to Philippines offshore Service
Contracts 55 and 69:
 Frontier Gasfields Pty Ltd does not currently have a direct or indirect
working interest in either Service Contracts 55 nor 69 and is not party to
the BHP Billiton farm‐in option to be carried on any exploration drilling
 BHP Billiton is not yet required to exercise its farm‐in option to enter
Service Contract 55
 The Service Contract 55 joint venture has not committed to undertake
drilling operations in the permit and is not required to commit to drilling
until it enters Sub Phase 4 of the Service Contract in August 2011
 Otto Energy Ltd, as Operator of Service Contract 55, is focused on
interpretation of the recently acquired 3D seismic volumes, which did
not cover the Marantao prospect