Australasian Energy Pacesetters 2010 Paul G Senycia Exploration Manager
Ottos steps to success Completed Galoc development commenced production Drilled 4 wells in Turkey 2007 Award of Santa Rosa, Argentina Award of SC69, Philippines Second discovery in Turkey: Arpaci Further 2D seismic in Turkey…
Ottos steps to success 3D seismic in SC 55 600 km2 and 1,800 km2 2D seismic in SC69 900 km Produced 5 million barrels from Galoc oil field First gas for Turkey achieved in April 2010 2010 Drilled 7 further discovery wells in…
Company Overview Asset Base Details 18.78% indirect interest First Oil October 2008 Galoc Oil Field 5.1 million bbls (gross) produced to date Philippines Current production rate 8,500 bopd Phase 2 development evaluation…
Board and Management CHAIRMAN RICK CRABB BJuris (Hons), LLB, MBA DIRECTOR DIRECTOR DIRECTOR DIRECTOR RUFINO BOMASANG JAAP POLL IAN MACLIVER JOHN JETTER BSc (Min. Eng), MBE BSc, MSc and PhD Geology B.Com, CA, F Fin, MAICD LLB…
Reserves, Resources and Exploration Developing Reserves And Resources Prospect And Lead Inventory Otto Net 2P Reserves plus 2C Resources Licence Working Area Prospects/ (MMboe) Interest (km2) Leads As at 30 June 2009 9.00…
Galoc Oil Field Production Performance Interest Gross Daily Oil Production 18.8% indirect interest in Galoc Oil Project Held through 31.4% shareholding in GPC Operator Galoc Production Company (GPC) Production Current rate 8,500…
Galoc Oil Field Development Options 29.July.2010 10
Edirne Gas Fields Second Producing Asset Technical/Operational Phase 2 Exploration/Appraisal drilling First sales gas produced 8 April 2010 Seven well drilling campaign ongoing. Production of 655 Mscf gross in 2Q 2010 7 discoveries…
Philippines Exploration Major Upside Potential Across Multiple Licences Philippines Permits Permit Description Otto Working Interest SC55 Deepwater Palawan 85% SC51 East Visayan basin 80% SC69 East Visayan basin 70% SC14C…
Philippines Exploration: SC55 SC55 Prospects And Leads Interest 85% working interest Exploration Program 600 km2 of 3D seismic acquired Jan 2010, over Hawkeye prospect Seismic acquisition & farm in option agreement 1,800 km2 3D…
Hawkeye Lead and NW Borneo Trend Possible GOC 2800 mSS 25 km2 Lowest Closing Contour Possible OWC 2880 mSS 38 km2 Upside Possible OWC 3000 mSS 59 km2 Hawkeye Hawkeye Hawkeye (Otto) SC56 (ExxonMobil) 20600 MMbbl 20600…
Philippines Exploration: SC51 SC51 Prospects and Leads SC51 80% working interest Vilaba Gas Discovery SC51 North Argao Prospect in 230m water Maya Field 3D recorded in 2007 Drillready prospects Libertad Field Targetting 100…
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 Cap EW SECTION OVER ARGAO 29.July.2010 16
Philippines Exploration: SC69 SC69 70% working interest Proven petroleum system Large reef structures Significant Information, Education and Communication campaign with DOE and local communities 2D seismic acquisition (900…
SC69 Numerous Plays in the East Visayan Basin Top Carbonate (Barili) Depth Structure Map Vilaba Gas Discovery SC69 Maya Field Lampos Libertad Field Lampos Toledo Field Malolos Lumpan/Clemtom Field…
2010 Activities Production in 2010 Forward Activities Galoc 0.4 mmbbls (net) Turkey 1.3 Bcf (0.23 mmboe) (net) Development Galoc production upgrade Commit to Galoc Phase 2 Exploration + static resources Turkey Phase 2…
Summary Strategic focus: Production: Maximise value from Galoc oil project Commercial production delivered from Edirne gas project Development: Explore/appraise in and near field to extend production in Galoc and Edirne projects…
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