Investor Presentation December 2009 Paul Moore CEO
Otto Goals To Build A Track Record Of Growth Delivery By: To Build A Track Record Of Growth Delivery By: Increasing reserves and production Adding value around existing business Adding value around existing business New…
Board of Directors and Senior Management RICK CRABB CHAIRMAN ((NON EXECUTIVE)) RUFINO BOMASANG JAAP POLL IAN MACLIVER JOHN JETTER DIRECTOR DIRECTOR DIRECTOR DIRECTOR (NON EXECUTIVE) (NON EXECUTIVE) (NON EXECUTIVE) (NON…
Capital Structure and Shareholders Capital Structure Major Shareholders Million Molton Holdings 19.7% Fully paid ordinary shares 1,070.2 Santo Holdings 19.7% li d i 1 Unlisted Options 110.1 i Directors 5.7% % Performance…
Business Highlights: FY 2008/09 Details First Oil October 2008 Philippines Gross annualised volume 2.3 mmbbls G l Galoc 3 3 mmbbls bbl gross produced to 30 October 2009 d d t 30 O t b 2009 Phase 2 development planning…
Reserves, Resources and Exploration Acreage Developing Reserves And Resources Prospect And Lead Inventory Licence Working Area (km2) Prospects/ Interest Leads Philippines SC14C (Galoc) 18.78%1 163 3 SC50 (Calauit) 85% 1,280 8…
Project Risk v Value Philippines hl Valuations Assume Successful Exploration Valuations Assume Successful Exploration Galoc oil production and reserves SC55 SC55 deepwater exploration deep ate e p o at o SC51 Argao stacked…
Galoc Phase 1: Production Performance Interest 18.8% economic interest via 31.4% shareholding in 18 8% economic interest ia 31 4% shareholding in Gross Daily Oil Production Gross Daily Oil Production the operator, Galoc Production…
Galoc Phase 1: Facilities Upgrade Options Option Comment Existing Facility Uptime is improving, but not meeting design criteria Mooring Upgrade Higher uptime than existing configuration FPSO Replacement Highest uptime potentially…
Galoc Phase 2: Development Options Target Galoc Development Schematic Galoc Development Schematic To increase 2P reserves by 5mmbbls (gross) and access Galoc contingent resources Likely 2 new wells 4,000 bopd each Galoc 3ST1…
Turkey Gas Development Interest Edirne Permit 35% working interest Operator Transatlantic Technical 8 successes from 8 wells to underpin development Last 12 months drilled 3 successful exploration wells and flow tested 4 3D…
Turkey Gas Development: Phase 1 & Phase 2 Phase 1 Phase 1 Phase 2 Phase 2 Plant construction commenced October 2009 Phase 2 appraisal/ exploration to commence after seismic acquisition and Phase 1 production Plateau rate…
Philippines: Exploration & Static Resources Update Major Upside Potential Across Multiple Licences Permit Prospects & Opportunities Otto Working Philippines Permits Philippines Permits Interest SC55 Marantao Prospect, Hawkeye 85%…
Philippines Exploration: SC55 Interest SC55 Prospects And Leads 85% working interest Exploration Program SW Palawan Highly productive geologic trend Numerous promising closures SC 55 SC 55 Recorded and interpreted 1,500 km…
Philippines Exploration: SC51 and SC69 SC51 & 69 Prospects and Leads SC69 70% working interest SC69 Reef Complex Proven petroleum system Large reef structures SC51 3,000 km 2D seismic reprocessed 2D seismic acquisition in H1…
SC51 South: The Argao Prospect....targeting 100 MMbbls DHIs Suggest Gas cap Potential Oil Leg 8 levels that could EACH contain 40 - 300 MMbbls in Gas place C Cap EW SECTION OVER ARGAO
Philippines Static Resource: SC50 Calauit and Calauit South Interest Calauit Discoveries Prospects And Leads Calauit Discoveries, Prospects And Leads 85% working interest Calauit discovery in 85m water depth Dynamic Appraisal…
Year Ahead Production in 2010 Production in 2010 Forward Activities Forward Activities Galoc 0.4 mmbbls (net) Turkey 1.3 Bcf (0.23 mmboe) (net) Development Galoc production upgrade l d d Commit to Galoc Phase 2…
Summary and Outlook Expect improved year ahead, debt free Expect improved year ahead debt free Galoc Phase 1 upgrade to improve uptime Galoc Phase 2 commitment to access contingent resources and extend field life Turkey…
Hawkeye Lead and NW Borneo Trend Possible GOC 2800 mSS 25 km2 Lowest Closing Contour g Possible OWC 2880 mSS 38 km2 Upside P ibl OWC 3000 SS Possible OWC 3000 mSS 59 km2 Hawkeye Hawkeye Hawkeye (Otto) SC56…
Argao Prospect in active petroleum system Vilaba Gas Discovery SC51 North Maya Field Libertad Field Libertad Field Analogue Tembungo Field 1971 Esso Discovery Argao 40350 MMbbls Potential Resource POS 20% Toledo…
SC69 Numerous Plays in active petroleum system Top Carbonate (Barili) Depth Structure Map Vilaba Gas Discovery SC69 Maya Field Lampos Lib t d Fi ld Libertad Field Lampos Toledo Field Malolos Lumpan/Clemtom…
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