Unlocking the potential in Th Philippines The Phili i Al P k CEO OTTO ENERGY LTD Alex Parks: CEO, OTTO ENERGY LTD Asia Oil and Gas Investment Congress Grand Copthorne Waterfront Hotel, Singapore 5th November 2008
TODAYS AGENDA OIL AND GAS IN THE PHILIPPINES BENEFITS OF EXPLORING IN THE PHILIPPINES THE PHILIPPINES OTTO ENERGY OTTO ENERGYSS STRATEGY FOR STRATEGY FOR GROWTH UPCOMING ACTIVITIES IN THE PHILIPPINES TO UNLOCK NEW PHILIPPINES…
OIL & GAS IN THE PHILIPPINES Established hydrocarbon province with a good fiscal regime and growing domestic energy demand. Close proximity to key export markets (China, India). Increased interest by industry with 42 participants…
STRIVING FOR ENERGY SELF-SUFFICIENCY The Philippines consumes The Philippines consumes 330 330,000 bopd 000 bopd and produces only 30,000 bopd Domestic production of oil began in the 1970s, but has been very limited According…
A MATTER OF NATIONAL IMPORTANCE Our goal is to increase our energy self- sufficiency level to 60% by 2010. We can only achieve this if more indigenous fuels are discovered in the Philippines. The Philippines is currently pursuing…
GLOBALLY COMPETITIVE FISCAL REGIME The fiscal regime applicable to the Filipino Th fi l i li bl t th Fili i upstream oil industry is one of the best in Asia Foreign participation of up to 100% is allowed Foreign participation of up to…
INTENSIVE PROMOTION OF OIL & GAS EXPLORATION MORE THAN 30 SERVICE CONTRACTS AWARDED IN JUST OVER 5 YEARS The waters surrounding the Philippines have for far too long been ignored by oil investors Previous Development activity…
AN ESTABLISHED HYDROCARBON PROVINCE 8 proven basins Most prolific to date: NW Palawan 55 of 72 exploration wells have oil or gas 9 offshore field developments ff h fi ld d l 4 fields currently on production: Malampaya (gas), Nido…
SIGNIFICANT PLAYERS MOVING INTO THE NEIGHBOURHOOD Recent market reforms aimed at deregulation have enticed new/foreign oil companies to the Philippines Affirmed right of foreign owned companies to explore for, and develop, oil…
OTTO ENERGY NON OPERATED OPERATED Turkey, Italy, Argentina Philippines Listed on the ASX Assets worldwide 30 staff across 2 offices: Perth, Australia and Manila, Philippines
HIGH EQUITY. EQUITY HIGH QUALITY SIGNIFICANT FOLLOW UP POTENTIAL NORTH/ NORTH/ SOUTH WEST PALAWAN SOUTH WEST PALAWAN EAST EAST VISAYAN BASIN VISAYAN BASIN SC50 (85%) SC51 (80%) Shallow water, modest Calauit Shallow water…
GALOC OIL FIELD SC14C Otto has an indirect 18.28% interest in the Galoc Oil Field through a 32% shareholding in the field operator, Galoc Production Company, which holds 58% h h ldi i th fi ld t G l P d ti C hi h h ld 58% of the…
SC50: CALAUIT OIL FIELD Fracture Swarms within closure 2007 undertook 3D seismic to delineate fields and optimise development drilling Calauit and Calauit South discoveries made in 1991 / 1992 3D seismic data shot by Otto in…
SC51: SOUTH BLOCK EAST VISAYAN BASIN Vi View of Cebu Strait off seismic vessel, Philippines f C b St it ff i i l Phili i 11 prospects and leads C bi d t ti l f 500 Combined potential of over 500 million barrels Main…
SC51: SOUTH BLOCK ARGAO PROSPECT DHIs Suggest Gas cap 8 levels that could contain 40 300 MMbbls in Potential P i l place each Oil Leg E W Section over Argao and Cabilao EW Section over Argao and Cabilao Gas Cap…
SC69 NEW OFFSHORE LICENCE 7,040 LICENCE: 7 040 KM2 SC69 was awarded to Otto and TransAsia in May 2008 Prospective with over 20 leads The area forms part of the Visayan Basin with proven oil & gas Between Cebu, Leyte & Bohol…
SC55: ELEPHANT COUNTRY SOUTH WEST PALAWAN BASIN DEEP WATER BLOCK (300 DEEP WATER BLOCK (3002000M) 2000M) Area of 9,000km2 Never previously licensed as a Service Contract Massive Reef and Turbidite Massive Reef and Turbidite…
SC55: MARANTAO PROSPECT 6km SC 55 Deep Water Licence Shell/Conoco 100km2 aerial closure Phillips oil Marantao Prospect discovery GIANT MARANTAO REEF PROSPECT Malampaya Oil and Gas Field Potentially over 1 Bbbls size…
OTTOS PHILIPPINES EXPLORATION ACTIVITIES 2005 Otto entered Philippines with 50% of NorAsian Sept 2006 Otto acquired 100% of NorAsian and Operatorship 2006 / 2007 Extensive seismic campaign across all blocks H1 2008 Seismic…
AUSTRALIAN SECURITIES EXCHANGE ASX CODE OEL UNLISTED Shareholding Composition SHARES OPTIONS Top 20 ISSUED 492,423,863 43,500,000 own 64 50% 64.50% MARKET A108m 22 cps CAP US7 S million Galoc debt of US19 million CASH…
BOARD OF DIRECTORS RUFINO JAAP POLL RICK CRABB IAN MACLIVER JOHN JETTER BOMASANG DIRECTOR CHAIRMAN DIRECTOR DIRECTOR (NON - EXECUTIVE) (NON - EXECUTIVE) (NON - EXECUTIVE) (NON EXECUTIVE) DIRECTOR PHD PHILOSOPHY AND B JURIS…
CORPORATE & TECHNICAL TEAM Alex Parks Craig Martin CEO Otto Energy Ltd COO Bruce Elsholz Kris Fellowes CFO CEO NorAsian John Sheppard Stefan Kleffmann Jane Secker Asset Mgr (NOA) Geoscience Mgr Calauit Project Mgr C l i P…
A BALANCED PORTFOLIO
UPCOMING NEWS FLOW Commenced production at Galoc 1ST CASH FLOW Oct 2008 Farmout of Philippines projects Late 2008/ Early 2009 Drilling of 100 Bcf target Gazzata1 well in Italy Jan 2009 Drilling 1 development well + 2 exploration wells…
OTTO IS STRATEGICALLY PLACED WITH... Strong management and experienced technical team g p Funding via Galoc production A highly prospective asset portfolio with A highly prospective asset portfolio with focus on focus on…
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