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November 2010 Annual General Meeting – Otto Energy Limited

Otto Energy Limited · Nov 22, 2010 · 17 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. November 2010 Annual General Meeting – Otto Energy Limited – slide 1
    AGM Presentation 22 November 2010
  2. November 2010 Annual General Meeting – Otto Energy Limited – slide 2
    2010 Focus on 4 issues Improving Operations and cash-flow in Galoc Starting production in Turkey Maturing Philippines high prospectivity acreage Improving portfolio focus via exit of non-core assets. INTRODUCTION
  3. November 2010 Annual General Meeting – Otto Energy Limited – slide 3
    Portfolio ranking is now in 4 quadrants 6 million bbls (gross) produced to date Galoc Oil Field Current production rate 8,000 bopd SC-55 Philippines Infill development and exploration planning (Offshore Palawan) (18.8% interest)…
  4. November 2010 Annual General Meeting – Otto Energy Limited – slide 4
    Cash-flow has been growing for 2 years Asset 2010 2009 % Galoc Uptime (12 mth rolling average) 78% 62% 16% Production (bbl, net) 536,943 428,865 25% Receipts from GPC (US) 29.5m 0.0m 100% Exploration Seismic acq. contribution (USm)…
  5. November 2010 Annual General Meeting – Otto Energy Limited – slide 5
    Cash position at a US33 million high End Q4 2010 End FY End FY Forecast 2010 2009 Cash in Bank (USm) 33.5m 29.7m 10.5m Debt (USm) 0.0m 0.0m 0.0m IMPROVED CASHFLOW
  6. November 2010 Annual General Meeting – Otto Energy Limited – slide 6
    Philippines Acreage Philippines Archipelago Acreage under service contract Otto Energy Acreage Prospects & Leads Visayan Basin 10,360 km2 Palawan Basin 11,200 km2 MATURING EXPLORATION
  7. November 2010 Annual General Meeting – Otto Energy Limited – slide 7
    Maturing Philippines Exploration Asset Activity 2010 Acquired Processed Interpretation /Prospect Maturation SC55 New 2,400sqkm 3D Q1 2010 Q2-4 2010 ongoing SC69 New 760km 2D Q1 2010 Q2-3 2010 completed MATURING EXPLORATION
  8. November 2010 Annual General Meeting – Otto Energy Limited – slide 8
    Palawan Acreage Palawan Archipelago Acreage Under License Calauit SC50 Otto Energy Acreage Prospects & Leads Regional Hydrocarbon Trend SC14C Hydrocarbon Discoveries Galoc Malampaya Sampaguita SC55 AboAbo Extension…
  9. November 2010 Annual General Meeting – Otto Energy Limited – slide 9
    SC55 Prospective Resources: Palawan Acreage Palawan Archipelago Hawkeye 3D Identified Prospects Acreage Under License Otto Energy Acreage Prospects & Leads (More to come as 3D is interpreted) M14 A2 A3 Extension 3D A6 P6…
  10. November 2010 Annual General Meeting – Otto Energy Limited – slide 10
    SC55 Update: Maturing to drilling stage Hawkeye Prospect Location Offshore, SW Palawan 50 km2 Hawkeye Prospect Area of Closure Areal Closure: 50km2 Up to 500m column height STOIIP 87-484-1539 MMbbls GIIP 0.2-1.2-2.5 Tcf Hawkeye Flat…
  11. November 2010 Annual General Meeting – Otto Energy Limited – slide 11
    Visayan Acreage Visayan Archipelago Acreage Under License Otto Energy Acreage Prospects & Leads SC51 NORTH SC69 SC51 SOUTH MATURING EXPLORATION
  12. November 2010 Annual General Meeting – Otto Energy Limited – slide 12
    Prospective Resources: Visayan Acreage Visayan Archipelago Acreage Under License Duhat 2D Identified Prospects Otto Energy Acreage Prospects & Leads Lampos Lampos South Bahay TOTAL Mean (Unrisked) Oil-in-Place: Argao…
  13. November 2010 Annual General Meeting – Otto Energy Limited – slide 13
    SC69 Update: Moving to next Phase with 3D Lampos Lampos South Lampos 14.2 km2 300m closure Location Off-shore Visayan Basin Closure Area 14.2 km2 9.8 km2 Lampos South Closure Height 300m 330m 9.8 km2 330m closure STOIIP* 15-121-468…
  14. November 2010 Annual General Meeting – Otto Energy Limited – slide 14
    SC51 Update: Duhat-1 Drilling Q1 2011 SW NE San Isidro Anticline Follow-Up Structure 1 Duhat-1 will be the first valid structural test conducted on the island of Leyte, an area of well- known and documented oil seeps. Barili Fm.…
  15. November 2010 Annual General Meeting – Otto Energy Limited – slide 15
    2010 Planned exits from non core assets Have exited Argentina and Italy Turkey SC 50 Calauit PORTFOLIO FOCUS
  16. November 2010 Annual General Meeting – Otto Energy Limited – slide 16
    New Business: What s next Portfolio high-grading complete around year end New opportunity capture anticipated in 2011 What How Exploration Gazettals/Farm-ins Development Screening undeveloped fields Production Galoc Phase 2…
  17. November 2010 Annual General Meeting – Otto Energy Limited – slide 17
    2011 Outlook What When Drill Duhat-1, onshore Leyte Q1 2011 Get Hawkeye Drill ready (SC-55) Q1-2 2011 Galoc Phase 2 (SC-14c) Q3 2011 Lampos 3D (SC 69) Q1-2 2011 New asset/opportunity entry 2011 OUTLOOK

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