ASX : OEL Investor Update Presentation INVESTOR PRESENTATION Matthew Allen, Managing Director and CEO March 2017
Otto Energy Accomplished E&P Team Executing complex projects and transactions Acquired operatorship of Galoc oil field Increased working interest to 33.0% and assumed operatorship of field. Purchase price equivalent to Upgraded…
Otto Energy Clear focus on competitive strengths Drilling success sees return to production in 2017 SM711 well yields gross 5 MMbbls and 3.6 Bcf discovery. Production Platform acquired. First Production late Q4 2017. Potential…
Gulf of Mexico Building our production base High chance of success Miocene amplitude- supported targets Shallow water/onshore High liquids content Economically robust at low oil price 4 Investor Investor Update Update…
South Marsh Island 70/71 SM70/71 Discovery Well SUCCESSFULLY TARGETED 50% WI earned through contribution to well D5 sands on salt dome costs during the successful drilling of SM71-1 western flank Game-changing oil + gas discovery…
Further upside at SM71 discovery New target to be appraised during development drilling B BYE SM71 1 B D5 Sand Amplitude Map A I Sand Production B 590 Mbo Historical Production B J Sand Production B 3.3 Mmbo Historical…
SM71 Development SM71 Production Facility Procured 26/8/2016- Entered purchase and construction agreement with Laredo Construction Inc. for tripod jacket, decks, helideck, boat landing and production equipment Tripod facility is…
Bivouac Peak Onshore Louisiana with analogue fields BYRONENERGY LIMITED Cris I Cib Op Trend Active Production Prospect Acreage Note: Otto will earn interests in the above resources volumes by participating in wells. The…
Bivouac Peak Multi-play Lease Bivouac Peak Deep Future Exploration Well Proposed Location Bivouac Peak East Initial BYE 1 Well Proposed Location Block TD = 20,000 TD = 18,000 45% WI in 2500 acre lease exercisable upon…
Light, conventional oil Alaska Large prospect inventory Low-risk capped costs North Slope Infrastructure access Caelus Smith Bay Conventional Discovery (Oct 2016) Caelus-Tulimaniq 1 & step-out Caelus-Tulimaniq 2 Brookian…
Tier-1 Prospects Developed from extensive lead inventory 45 Leads 30 Leads High- 8 Tier-1 Prospects 2-4 Drilling Identified graded locations HC shows in vintage wells Rank into 3 tiers based Mature Leads into Highest probability of…
Pipeline State-1 Results On-block vintage well de-risks the acreage Pipeline State-1 Pipeline State-1 was drilled as a stratigraphic test in February 1988 by Arco Alaska. The well reached a total vertical depth of 10,460 feet and…
First Two Wells - Possible Configuration Increase chance of success by intersecting multiple independent reservoirs with each wellbore Well-B Avenger Well A Well B Pipeline State-1 Well-A Helio Stratigraphic pinch out of…
Alaska: The First Two Wells Gross Prospective Resource Net Prospective Resource Low Best High Mean Mean Net WI Prospect POS* (MMbbls) (MMbbls) (MMbbls) (MMbbls) (MMbbls) Blackbird 6 20 62 28 3 24% Helio 17 49 144 66 7 30% Hellcat…
Tanzania Large Volume Exploration Target Kito Prospect analogous to Kenya & Uganda discoveries Additional delineated leads may be drilled in success case 15 Investor Update Presentation, March 2017
Kilosa-Kilombero PSA Kito Prospect Large frontier exploration prospect Kito Prospect Similar to discoveries in Kenya & 50 km2 Uganda in terms of tertiary age, Area of Closure Up to 250m column height structural setting, and…
Forward Activity Positioning for high-impact growth SM71 development underway 2017 return to production Active drilling program 17 million USD cash in bank to fund forward program 17 Investor Update Presentation, March 2017
Activity Timeline Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 SM 70/71 Development planning Low-cost production GULF OF Development drilling MEXICO Bivouac Peak Technical evaluation Drill option…
Corporate Value 300 25 250 Equivilent Value (AUD cents per share) 20 200 Value (AUD million) 15 150 + Internal valuation WTI flat 60.00 USD 0.05+ 10 100 + Internal valuation WTI flat 60.00 USD 0.05+ 5 50…
Additional Information Otto Energy Ltd 32 Delhi Street West Perth Western Australia 6005 Telephone: +61 8 6467 8800 Facsimile: +61 8 6467 8801 infoottoenergy.com 20 Investor Update Presentation, March 2017
Experienced Board & Management Team Board of Directors Senior Management John Jetter Non-Executive Chairman. Matthew Allen Managing Director & CEO. LLB, BEc INSEAD BBus, FCA, FFin, GAICD Former MD/CEO J.P. Morgan Germany. Global…
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