ASX : OEL PRODUCTION & CASHFLOW IMMINENT MULTI-WELL EXPLORATION PROGRAM COMMENCING Gulf of Mexico Shelf oil and gas explorer/producer Matthew Allen, Managing Director and CEO October 2017
Investment Rationale Why Otto Highly experienced board & management Tier 1 North American locations for exploration of oil and gas Multiple near-term news events and pathways to significant share price uplift Production & cash…
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…
Pathway into North America portfolio Gulf of Mexico delivers high margin projects at low oil prices Executed sale of interest in Galoc, Philippines Sold working interest for US108 million valuing interest at US32.70 Acquired…
Otto Energys Gulf of Mexico Portfolio Option to drill a well at Bivouac Peak secured Multi-well development at SM 71, in production Jan 2018 B65 prospective resource to be tested during development drilling Option to…
Gulf of Mexico Shelf counter-cyclical play Limited investment in US conventional exploration mature province yielding new discoveries Shale oil revolution SM71 breakeven Gulf of Mexico is a mature oil and gas province <…
Our Growth Strategy 1000s of drill ready prospects available for farm-in at near ground floor terms because: VR 232/ Exploration Shelf exploration is Prospect ST 224 SM 74 Success capital starved screening Heading for Lease…
Ottos Gulf of Mexico Strategy Targeting a portfolio of high margin, high chance of success and near term production assets Focus on prospects with the following characteristics: Miocene/Pliocene geology which are amplitude supported…
South Marsh Island 71(SM 71) D5 Sand Discovery SM71 D5 Sand RTM Amplitude Map Production expected to commence in Jan 2018 Initial projected flow rates over B 1,500 bbls/day per well (2 well initial dev) SMI 71 1 SM 71 1 well…
SM71 Byron 1 Well I, J, D5 & D6 Hydrocarbon Sand Intersections B BYE SM71 SHL B D5 Sand Amplitude Map I Sand Production 590 Mbo Historical Production J Sand Production 3.3 Mmbo Historical Production Erosional 1…
SM71 Development: 3 Well Scenario Conceptual Well Placement and Timing BYE SM71 SHL 91 NFO TVT 1,000-1,500 bopd First Production late 2018 I Sand J Sand BYE 1 3 B65 * Prospective Resource 4,864 mbo + 4,740 mmcf…
SM71 B65 Sand Comparison of Prospect to Production SM71 Prospect SM73 Production B65 Vp/Vs B65 Vp/Vs *5.0 mmbo + 4,800 mmcf NET 10.1 mmbo + 9,800 mmcf Collarini Prospective Resource Produced to Date C C 3 Target B B…
Manned Tripod South Marsh 71 Development plan Complete Manned Tripod Expected completion Sep 2017 Kinetica 30 Gas Lift boat delivery to SM71 location Oct 2017 Drilling rig arrives Nov 2017 Departs Jan 2018 Complete the 1 Well in…
South Marsh Island 71 (SM 71) Ottos first GoM shelf discovery production to start Jan 2018 Stacking of cellar deck Sub-cellar Sub Cellar and Deckcellar nearsdecks in place completion Cellar Deck nears completion Jacket…
South Timbalier 224 (ST 224) Amplitude supported, gas/condensate prospect about to commence drilling ST224 Prospect W&T Offshore (operator) 39% Otto Energy 25% JV Partners Houston Energy 11% Other private US company 25% Upper…
Bivouac Peak Onshore Louisiana gas/condensate prospect to be drilled in 2018 BYRONENERGY LIMITED Cris I Cib Op Trend Active Production Prospect Acreage Note: Otto will earn interests in the above resources volumes by…
Alaska North Slope New conventional discoveries add to prospectivity of this prolific region Caelus Smith Bay Conventional Discovery (Oct 2016) Caelus-Tulimaniq 1 & step-out Caelus-Tulimaniq 2 Brookian submarine fan play 183ft &…
Activity Driving Value Growth 2017 2018 2019 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Low-cost production SM71 Facility construction Additional Development Development & GULF OF Exploration drilling drilling…
Significant Value Upside in Coming Three Months 300 25 250 To be drilled and tested Q4 '17 20 Equivilent Value (AUD cents per share) 200 Value (AUD million) 15 150 Increment to external val'n if WTI US60/bbl…
Corporate Snapshot 50,000,000 0.08 45,000,000 0.07 2 40,000,000 0.06 Volume (shares traded on ASX per day) 35,000,000 OEL Share Price (A per share) 0.05 30,000,000 25,000,000 0.04 20,000,000 0.03 15,000,000…
Thank You Otto Energy Ltd 32 Delhi Street West Perth Western Australia 6005 Telephone: +61 8 6467 8800 Facsimile: +61 8 6467 8801 infoottoenergy.com 22 Investor Update Presentation, October 2017