ASX : OEL World Independent Junior Oil & Gas Congress Asia 2011 Gregor McNab, Chief Executive Officer
Focus, Quality and Discipline ASX listed since 2004 with Head Office in Perth, Western Australia and operations offices in Manilla Market capitalisation of A92 million at A0.08 per share Geographically focused with existing business…
Financial Strength & Managing Risk Strong financial position US28 million cash on hand as at 30 September 2011 30% of market cap represented by cash position Sustainable revenue from Galoc 33% working interest 200,000 bbls production…
Philippines Balanced Portfolio with Geographic Focus SC14C Galoc Field Increased to 33% direct working interest and field operatorship in September 2011 Installation of improved mooring and riser system upgrade in 1Q2012 Phase 2…
SC14C: Reserves upgrade and improved uptime Production Q3 2011 Update Net OEL Share Current rate 6,472 bopd Production 196,490 bbls Production to date 8.14 MMbbls Liftings 116,596 bbls Cash receipts US6.87 million Revenue, Costs and…
SC14C: Phase 2 Development Phase 2 Galoc North Prospect: Phase II evaluation commenced with acquisition of Areal Extent 12km2 new 3D seismic and FEED Potential HC Column 240m Potentially involves between 1 and 3 new wells 5km tie-back…
SC55: Overview Joint Venture Partners: Name % OEL (through 100% subsidiary NorAsian Energy Ltd) 33.18 BHP Billiton Petroleum 60.00 Trans-Asia Oil & Energy Development Corporation 6.82 Work Program: Sub-Phase Date Commitment/cost(min…
SC55: Carbonate Gas Prospect & Lead Portfolio An impressive portfolio of gas and condensate targets, aggregating into an emerging major regional offshore trend, parallel to the island of Palawan, Philippines Total unrisked potential…
SC55: Cinco - Leading Drilling Candidate CINCO - A reefal /platform carbonate complex Malampaya Top Nido Depth Map Top Nido mss CI: 200m 3200 3400 3600 3800 4000 CINCO 4200 4400 4600 500 m 4800 Cinco Prospect (OEL WI post…
SC55: Hawkeye Hawkeye Prospect (OEL WI post farm-down 33.18%) Location Offshore, SW Palawan Water Depth 1,690 Metres Objective Depth 2,800 Metres 50 km2 Hawkeye Prospect Area of Closure Up to 500m column height Areal Closure:…
Several Significant Milestones in Near Term Current investment opportunity as Otto enters into a period of key deliverables with significant triggers for share price re-rating PRODUCTION SC14C: Galoc Reserves SC14C: Galoc Phase 2…
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 13
Our Current Business Quality asset base with multiple, material and independent growth targets Established position in the Philippines and attractive investment environment supports value of existing business and focus for further…
Philippines Strong Drivers to Maintain as Focus Area Pragmatic and helpful government working to attract oil & gas investment. Established and competitive fiscal regime delivered through Service Contract structure Continuous…
East Africa Growth to Complement Existing Portfolio East Africa represents a growth opportunity that compliments our core business in the Philippines Recent large oil and gas discoveries in the region Play type complements Ottos…
Building Capability to Grow and Deliver our Business Attracting big company experience but maintaining small company speed Management team highly experienced in Ottos relevant growth target areas Strong engineering, geoscience and…
Experienced Board and Management Team DIRECTOR DIRECTOR CHAIRMAN DIRECTOR DIRECTOR IAN MACLIVER RUFINO BOMASANG RICK CRABB IAN BOSERIO JOHN JETTER B.Com, CA, F Fin, BSc (Min.Eng), MBE BJuris (Hons), BSc Hons LLB and BEc, MAICD…
Strong Share Price Performance against Peers Otto has a tack record of delivering shareholder value and sustainable outperformance within sector Relative stock price performance over past 24 months Total shareholder return over past 24…
Otto Energy: An Investment Opportunity Small-mid cap oil & gas company well positioned for growth Quality asset base across production, near-term development and exploration Strong management and experienced technical teams in…
Otto Overview Otto is a small-mid cap oil & gas company well positioned for growth: Quality asset base - High quality asset portfolio in the Philippines encompassing production, near-term development and exploration Strong management…
Otto Fundamentals / Capital Structure Capital Structure Fully paid ordinary shares 1.13b Unlisted options1 37.75m Performance Rights 27.00m Market capitalisation2 92m Cash (at September 2011) US28.3m Debt (at September 2011) Nil…
SC14C: Overview Background 33.0% direct ownership post-acquisition Operator: Galoc Production Company WLL (GPC), 100% owned by Otto Discovered 1981, production commenced Oct 2008 35o API oil, low sulphur, water depth 290m Two…
SC14C: Improved Mooring and Riser System Project Outline: New system to substantially increase operating uptime of the field (greater than 95% Project is 32% complete and on track for successful delivery Field outage planned in…
SC14C: Recent Acquisition Overview Acquisition of remaining shareholding interest in Galoc Diagram of Holdings Production Company WLL (GPC) from Vitol Group Increasing GPC shareholding from 31% to 100% PRE ACQUISITION POST…
SC55: BHP Farm-in BHP Billiton farm-in announced May 2011: BHP Billiton to acquire 60% net participating interest, including operatorship of SC55 Otto to retain 33.18% participating interest after BHP Billiton farm-in Otto to…
Philippines Visayan Exploration Interpretation/ Licence Activity Prospect Maturation New 100km Follow-up of Duhat-1/1A drilling SC69 SC51 Northern Block SC51 2D Seismic in Q2 2011 79% WI 5280km2 40% WI 1660km2 Completed 3D seismic…
SC51: Duhat-1 follow-up Duhat-1 is the first valid structural test conducted on the island of Leyte, an area of well-known and documented oil seeps. Duhat-1 Prospect: Drilling the San Isidro Anticline OEL WI 40% post farm-down…
SC69: Maturing to drillable status OEL WI 79% Lampos Lampos South Duhat-1 Location Off-shore Visayan Basin Presently Drilling Water Depth 740 Metres 714 Metres Objective Depth 1,250 Metres 1,350 Metres Closure Area 14.2 km2 9.8…
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