Company Overview Asset Base Details 18.78% indirect interest First Oil October 2008 Galoc Oil Field More than 4.0 million bbls (gross) produced to date Philippines Current production rate 10,000 to 11,000 bopd Phase 2…
Otto Strategy Strategic focus: Production: Maximise value from Galoc oil project Deliver commercial production from Edirne gas project Development: Explore/appraise in and near field to extend production in Galoc and Edirne…
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 B.Com,…
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 10,000…
Galoc Phase 2 Development Evaluation Target Galoc Development Schematic To increase 2P reserves by 1 to 9mmbbls (gross) and access Galoc contingent resources Likely 12 new wells 4,000 to 8,000 bopd Galoc3ST1 Galoc4 Galoc2 Galoc…
Edirne Gas Field Second Producing Asset Interest Edirne Permit 35% working interest Joint Operators Transatlantic and Petraco Technical/Operational Gas plant facilities largely complete Connection to Botas pipeline in progress…
Edirne Gas Project Phase 2 Drilling Program Phase 2, seven well appraisal/ exploration drilling commenced 2 discoveries to date Gas plant tie backs will extend plateau production Possible plant capacity expansion Yolboyu1 spudded…
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 BHPB seismic acquisition & farm in option agreement 1,800…
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 Cap EW SECTION OVER ARGAO
Year Ahead 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…
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…
Argao Prospect East Visayan Basin Vilaba Gas Discovery SC51 North Maya Field Libertad Field Analogue Tembungo Field 1971 Esso Discovery Argao 40350 MMbbls Potential Resource POS 20% Toledo Field Malolos Argao…
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…
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