Jan 20 (Reuters) - Otto Energy Ltd OEL.AX :
* OTTO ENERGY LTD - SALE OF ALASKA ASSETS-OEL.AX
* OTTO ENERGY LTD- AGREED TERMS TO SELL ITS ALASKAN ASSETS TO ACREAGE OPERATOR PANTHEON RESOURCES
* OTTO ENERGY - UNDER TERMS OF SALE, OTTO WILL RECEIVE 14.3 MILLION SHARES IN PANTHEON RESOURCES IN EXCHANGE FOR BOREALIS ALASKA LLC
* OTTO ENERGY - WILL RETAIN AN EXISTING 0.5% OF 8/8THS ORRI IN ANY FUTURE PRODUCTION FROM TALITHA UNIT
* OTTO ENERGY LTD- SALE OF ALASKA ASSETS VIA SALE OF UNIT BOREALIS ALASKA LLC.