Otto appoints commercial manager

Offshore staff

PERTH, Australia -- Otto Energy has appointed Richard King as commercial manager, effective July 28, 2008.

He will manage and optimize Otto's contracts, negotiate exploration and project agreements with farm-in partners, and evaluate potential new ventures. King also will manage debt financing arrangements for the oil and gas marketing sector and manage the supply chain.

King has 12 years of experience in the energy sector. He most recently served as upstream commercial manager and domestic gas marketing manager for the Gorgon LNG project at Chevron. He has also worked at Duke Energy and Woodside

"We are extremely pleased Richard is joining us as he brings a wealth of big company commercial experience to the management team at a time when Otto will be negotiating our Philippines farm-outs with the mid-tier and major oil companies," says CEO Alex Parks.

07/16/2008