ASX : OEL Gregor McNab, Chief Executive Officer October 2012
Otto Overview Listed on ASX since 2004 Market capitalisation A102 million at A0.09 per share Growing an integrated business across exploration, development and production phases Geographic focus on South East Asia and onshore…
Capital Structure & Shareholders Capital Structure Fully paid ordinary shares 1.13b Unlisted options1 28.25m Performance Rights 27.00m Market capitalisation2 102m Cash (at June 2012) US28.3m Debt (at June 2012) Nil Shareholders…
Board & Management Board of Directors Management Chairman Rick Crabb BJuris (Hons), LLB, MBA Chief Executive Officer Gregor McNab BSc (Hons) Chairman of Paladin Energy, Golden Rim & Ashburton Oil & gas experience gained over 29 years,…
Activity Pipeline APPRAISAL/ NEW BUSINESS EXPLORATION PRODUCTION DEVELOPMENT PECR4: Palawan Exploration: Galoc Oil Field Phase II: Galoc Oil Field: Submissions made for Area SC14C Galoc: 2 wells in 2013 for 8 MMbbl Production to date…
Established Integrated Position in the Philippines Malampaya Gas Complex Duhat 2.7 Tcf Lampos SC14C - Galoc Complex 33% WI 163 km 2 SC 69 79% WI 5280 km2 SC 51 North 80% WI 1660 km 2 Uno Cinco Hawkeye SC 55…
Production Galoc Phase I Otto holds material working interest: 33% and field operator Reliable production: 5,500 BOPD, 95% uptime, 9.5 MMbbl produced to date (gross) Marketable product: 35o API oil, low sulphur crude easily…
Production & Reserves Planned Shutdown Progressive reserve additions since January 2011 - January 2011: Improved operating performance and reservoir performance - January 2012: Increased OEL interest from 19% to 33% via Vitol…
Development Galoc Phase II Scope - Drill and complete two 2,000m horizontal section subsea wells - Tie-back to existing FPSO (Rubicon Intrepid) - Install second production riser and control umbilical Production - Will deliver 8…
Galoc: Exploration Potential Significant Work completed to build understanding of subsurface issues - High resolution 3D seismic data acquired January 2012 - Detailed geological and reservoir modelling commenced 4Q 2011 - High…
SC55: Carbonate Gas Prospect & Lead Portfolio SC 55 Total unrisked potential Mean Recoverable Resources (Nido level carbonates only): Carbonate Prospect Gas: 19 Tcf Clastic Prospect Condensate: 670 MMbbls Cinco Prospect…
SC51: Planning for Duhat-2 Well Otto working interest 80% and operator Duhat-1 well drilled to limited depth in 2011: demonstrated hydrocarbons Currently executing 100km 2D seismic survey Duhat-1 to confirm well location 14.5 km2…
SC51: 2012 Seismic De-Risking Duhat Prospect Duhat Prospect Target Interval Immediate Immediate Follow Up Follow Up 12 kilometres New 2D seismic survey confirming Duhat structure and identifies immediate follow up…
SC69: Maturing to drillable status OEL WI 79% Lampos Lampos South Duhat-1 Location Off-shore Visayan Basin Water Depth 730 Metres 670 Metres Objective Depth 1,230 Metres 1,300 Metres Closure Area 14.5 km2 14.5 km2 SC69 Closure…
Onshore East Africa: Discoveries since 2000 2000-2005 Lake Albert 2Bbbls oil discovered 2012 Ngamia-1 100m net oil 2012 Mbawa-1 50m net gas Feb 2012 Otto Acquires 50% interest in 34,000 sq km onshore Tanzania 2011-12…
East Africa: Tanzania Joint Venture Partners: PANGANI PSA Name % 17,000 square kilometres Otto Energy (Tanzania) Pty Ltd 50.00% A potential arm of a triple point junction on Swala Oil and Gas (Tanzania) Limited 50.00% the eastern branch…
Activity Pipeline APPRAISAL/ NEW BUSINESS EXPLORATION PRODUCTION DEVELOPMENT PECR4: Palawan Exploration: Galoc Oil Field Phase II: Galoc Oil Field: Submissions made for Area SC14C Galoc: 2 wells in 2013 for 8 MMbbl Production to date…
THANK YOU Otto Energy Ltd 32 Delhi Street West Perth Western Australia 6005 Telephone: +61 8 6467 8800 Facsimile: +61 8 6467 8801 infoottoenergy.com 19
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