ASX : OEL Good Oil Conference September 2012 Gregor McNab, Chief Executive Officer
Otto Overview Listed 2004, Perth head office Market capitalisation of A97 million at A0.085 Growing an integrated business across exploration, development and production phases Geographic focus on South East Asia and onshore East…
Established integrated position in the Philippines Malampaya Gas Complex Duhat 2.7 Tcf Lampos SC14C - Galoc Complex 33% WI 163 km2 SC 69 79% WI 5280 km2 SC 51 North 40% WI 1660 km2 Uno Cinco Hawkeye SC 55 33.18%…
Portfolio Overview Galoc Production 5
Production Galoc Phase I Otto holds material working interest: 33% and field operator Established safe & reliable production: 5,600 BOPD, 500 days LTI free, 95% uptime, 9 MMbbl produced to date (gross) FPSO positioned for long…
Portfolio Overview Development - Galoc Phase II 7
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…
Portfolio Overview Exploration 9
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: Overview SC 51 North 40% WI 1660 km2 Galoc Malampaya Complex 2.7 Tcf Duhat Lampos Complex SC 14C 33% WI 163 km2 Uno SC 69 Cinco 79% WI Hawkeye 5280 km2 Otto Energy Acreage SC 55 3D Seismic Coverage 33.18% WI…
SC55: Carbonate Gas Prospect & Lead Portfolio Total unrisked potential Mean Recoverable Resources (Nido level carbonates only): Carbonate Prospect Gas: 19 Tcf Clastic Prospect Condensate: 670 MMbbls Cinco Prospect (analogous to…
SC51: Planning for Duhat-2 Well Otto working interest 40% and operator Duhat-1 well drilled to limited depth in 2011: demonstrated hydrocarbons Currently executing 100km 2D seismic survey to confirm well location Duhat-1 14.5 km2…
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…
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…
Asset Portfolio 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 17
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