Otis Energy Limited is an Australia-based company engaged in the exploration, development and production of oil and gas in the United States with a particular focus on the Gulf States of Texas, New Mexico, Louisiana and Mississippi. The Company operates in two segments: Oil and Gas Exploration and Corporate Cost Centre. Oil and gas exploration activities are carried out in the United States. Corporate Cost Centre provides administrative support to the entire Company. The Company�s projects include Comanche, Catahoula Lake, Charro, Stagecoach and Avalanche. The Catahoula Lake project is located in LaSalle, Rapides, and Grant parishes, Louisiana. The Charro Project is located in Lea County, New Mexico. In February 2014, Otis Energy Ltd completed the sale of 9,274 non-core acres of the Comanche project. In April 2014, Otis Energy Ltd sold its Catahoula Lake asset for auction at The Oil & Gas Asset Clearinghouse sale.