April 3 (Reuters) - Otto Energy Ltd OEL.AX :
* IMPLEMENTED A HEDGING PROGRAM IN UNITED STATES FOR ITS SM 71 OIL PRODUCTION
* ACQUIRED US$60/BBL PUTS OVER 111,000 BBLS OF OIL PRODUCTION FROM ITS INTEREST IN SM 71 OIL FIELD
April 3 (Reuters) - Otto Energy Ltd OEL.AX :
* IMPLEMENTED A HEDGING PROGRAM IN UNITED STATES FOR ITS SM 71 OIL PRODUCTION
* ACQUIRED US$60/BBL PUTS OVER 111,000 BBLS OF OIL PRODUCTION FROM ITS INTEREST IN SM 71 OIL FIELD