OTTO ENERGY READY TO RUN The Good Oil Conference Fremantle WA 2008
An investment in Otto is underpinned with strong fundamentals: Experienced board and management Opportunity rich Self-funded with imminent production High leverage exploration program an investment now will benefit from exposure…
TODAYS PRESENTATION THE GAME PLAN OUR TEAM 12-MONTHS OF PREPARATION THE RACES WERE IN CHANCES OF A MEDAL ON TRACK & AT THE STARTING LINE
THE GAME PLAN Otto aims to be an internationally-respected, multi billion dollar oil & gas company Partner of Choice Investment of Choice Employer of Choice STRATEGIC FOCUS MAINTAIN A BALANCED PORTFOLIO 1. Operate in our time…
BOARD OF DIRECTORS RICK CRABB RUFINO BOMASANG JAAP POLL IAN MACLIVER JOHN JETTER CHAIRMAN DIRECTOR DIRECTOR DIRECTOR DIRECTOR (NON - EXECUTIVE) (NON - EXECUTIVE) (NON - EXECUTIVE) (NON - EXECUTIVE) (NON EXECUTIVE) B JURIS (HONS)…
CORPORATE & TECHNICAL TEAM Alex Parks Craig Martin CEO (Otto) COO Bruce Elsholz Kris Fellowes CFO CEO (NorAsian) John Sheppard Stefan Kleffmann Jane Secker Asset Manager Geoscience Calauit Project (NOA) Manager Manager…
ACHIEVEMENTS OVER THE LAST 12 MONTHS Added to the portfolio Added Galoc as a development asset Secured additional ground floor acreage in Philippines with SC 69 Farm in to the Po Valley (Italy) as a near term drilling opportunity…
THE RACES WERE IN NON OPERATED OPERATED Turkey, Italy, Argentina Philippines
THE PHILIPPINES Otto holds a dominant position, operating four Service Contract areas totalling 20,803 square kilometres of highly prospective, predominantly offshore, acreages in the Philippines.
HIGH EQUITY. HIGH QUALITY. SIGNIFICANT FOLLOW UP POTENTIAL. SC50 (85%) Shallow water, modest Calauit & Calauit South Oil Fields: Appraisal drilling in 2009 SC51 (80%) Mid water, large Argao & Bahay prospects + 9 leads: Exploration…
GALOC OIL FIELD 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% of the field. Field now fully developed Expect to commence…
GALOC OIL FIELD
PHILIPPINES FARM OUT 2005 - Otto entered Philippines with 50% of NorAsian September 2006 - Otto acquired 100% of NorAsian and Operatorship 2006 / 2007 - Extensive seismic campaign across all blocks H1 2008 - Seismic Interpretation and…
SC51 ARGAO TARGETING 50-500 MMBBLS DHIs Suggest Gas cap Potential Oil Leg 8 levels that could EACH contain 40 - 300 MMbbls Gas Cap in place E-W SECTION OVER ARGAO
SC55: ELEPHANT COUNTRY DEEP WATER BLOCK (300-2000m) Area of 9,000km2 Massive Reef and Turbidite potential Never previously licensed as a Service Contract OTTO ACQUIRED 2D SEISMIC IN 2 SURVEYS 400km of prospect specific in Oct 06…
SC55: LOCATED WITHIN ESTABLISHED HYDROCARBON PLAY Shell/Conoco 6km Phillips oil discovery 100km2 aerial closure GIANT MARANTAO REEF PROSPECT
SC55: MULTI BILLION BBL TARGETS SC55 STOIIP Estimates (MMstb or Bscf) Prospects/Leads Fluid Low Mid High Gas Case 1,796 5,490 12,035 Marantao Oil Case 1,018 3,056 6,687 Gas Case 452 1,399 3,704 A1 Oil Case 182 570 1,482 Gas Case…
NON OPERATED ASSETS ARGENTINA EUROPE
EUROPE - TURKEY Edirne licence originally acquired by Otto in 2004. Discoveries under development with first gas expected in mid 2009 to become Ottos second producing asset.
THRACE BASIN EDIRNE LICENCE 6 gas discoveries on licence with additional leads identified JV has between 10-20 bcf Incremental Petroleum (Operator ) has in country technical team, local knowledge and rig Gas marketing & development…
EUROPE - ITALY New country entry for Otto into the established Po Valley area, with good infrastructure and high gas prices. Drilling to commence Nov 2008.
PO VALLEY BASTIGLIA-CENTO PERMITS Gazzata Operated by Ascent Gas Field Resources PLC Otto farming in for 50% November 2008 - Gazzata-1 the first well to be drilled, targeting up to 350 bcf Rubiera follow up Rubiera Further…
ARGENTINA Confirmed licence awarded in May 2008, which contains the giant Santa Rosa Dome. Drilling 1H 2009.
CUYANA BASIN Santa Rosa Licence Operated by Oromin Energy Ltd Earning 32.48% by spending US1.4 million with option to increase up to 41.24% Potential to hold over 100 MMBBLs of recoverable oil
Four Independent Exploration Areas success at any one of them will have material impact to Otto and offers significant follow up exploration prospects AREA / CHANCE OF NOTES FIRST PROSPECT SUCCESS *Internal COS calculation ITALY…
UPCOMING NEWS FLOW Commence production at Galoc 1ST CASH FLOW Sept 2008 Farm-out of Philippines projects Sept-Dec 2008 Drilling of 100bscf target Gazzata-1 well in Italy Nov 2008 Drilling up to 100MMbbl target in Argentina Q1 2009…
An internationally Weve set our goals... respected multi billion dollar oil & gas company Partner of choice Investment of choice Employer of choice
Our team and assets are in good shape...
Production is imminent... Farm-outs are under negotiation... An active drilling program is about to commence...
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