April 29 (Reuters) - Otto Energy Ltd OEL.AX :
* OIL AND GAS SALES FOR QUARTER TOTALLED 127,940 BBLS OF OIL AND 303,790 MSCF OF GAS
* OTTO RECEIVED CASH FROM SALES OF ITS SHARE OF OIL AND GAS FOR QUARTER OF US$7.7 MILLION BEFORE ROYALTIES AND OPERATING COSTS
* FOR 3-MONTHS, CO EXPECTS TO CONTINUE TO RECEIVE SUBSTANTIAL CASH FLOWS FROM SALE OF STEADY STATE PRODUCTION