ASX : OEL Investor Update Presentation Gulf of Mexico Shelf oil and gas explorer/producer Matthew Allen, Managing Director and CEO July 2017
Corporate Snapshot A proven junior oil and gas company with focus on delivering shareholder value 50,000,000 3.00 2 45,000,000 2.50 40,000,000 35,000,000 Volume (shares traded per day) 2.00 OEL Share Price (normalised)…
Pre-empting the major change in oil & gas markets Building a Gulf of Mexico shelf focused business Executed sale of interest in Galoc, Philippines Sold working interest for US108 million valuing interest at US32.70 Acquired…
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 <…
Otto Energy US Gulf of Mexico Strategy Targeting high margin, high chance of success, near term production Focus on prospects with the following characteristics: Miocene/Pliocene geology which are amplitude supported Investing…
Otto Energys Gulf of Mexico Portfolio Option to drill a well at Bivouac Peak secured Multi-well development at SM71 in production Jan 2018 Option to secure 50% equity in adjacent block at VR232 or SM74 Farm-in to ST-224…
South Marsh Island 71 (SM71) Ottos first GoM shelf discovery production to start Jan 2018 SM71 Oil Discovery Well 50% Participating Interest / 40.625% Net Revenue Interest in the SM71 discovery operated by Byron Energy Ltd (ASX:…
Further upside at SM71 discovery B65 sand target to be appraised during development drilling in Q4 2017 B BYE SM71 1 B D5 Sand Amplitude Map A I Sand Production B J Sand Production 590 Mbo Historical Production B B 3.3…
South Timbalier 224 (ST224) Amplitude supported, gas/condensate prospect drilling in Q4 2017 ST224 Farm-in 25% Participating Interest / 19.5625% Net Revenue Interest in the ST224 well ST224 1 well to be drilled in Q4 2017 in 170…
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 &…
Forward Activity Timeline 2017 2018 2019 Q3 2017 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…
Corporate Value Breakdown 0.05+ 13 Investor Update Presentation, July 2017
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 14 Investor Update Presentation, July 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…
Annexure 1 Byron Energy Limited Presentation Byron Energy Limited (ASX:BYE) is the Operator and 50% partner in the SM 71 oil development with Otto Energy Limited (50% participating interest). Byron yesterday released the attached…
BYRONENERGY LIMITED Investor Presentation July 2017 On the Path to Production, Cash Flow & Reserve Growth 1
Presentation Outline Who we are Our track record Cutting edge technology SM 71 discovery and development plan Lease Sale 247 and near term growth through exploration opportunity 3
Byron Energy Overview Byron Energy Ltd. (BYE: ASX Listed) is focused on conventional opportunities in the shallow waters (10 60m) of the US Gulf of Mexico (GOM) Shelf & Onshore Coastal Louisiana. The Companys strategy is underpinned by…
Byron Exploration Team GOM & Near Shore Successes Monetizing the Results: Petsec Energy exit (9397) multiple of 26 X investment Darcy Energy exit (0005) multiple of 11 X investment Aurora Exploration exit (0012) multiple of 8 X…
Byron Energy Asset Description Gulf of Mexico & Louisiana State Waters Interest Lease Expiry Area Area Operator WI/NRI* (%) Date (Km2) South Marsh Island Block 57 Byron 100.00/81.25 June 2022 21.98 South Marsh Island Block 59 Byron…
South Marsh Island 70/71 (SM71) Project Summary Louisiana United States Joint Venture Partners Byron Energy Otto Energy Operator Byron Energy Inc. Eugene Island Water Depth 40 meters (131) Vermilion South Previous SM71 Production…
Metgasco Convertible Note On 22 July 2016, Byron and Metgasco Limited (Metgasco) entered into a 3year agreement to issue up to A8 million in Convertible Notes (Convertible Notes), repayable over the course of the agreement. Terms…
SM71 Byron 1 SM 70/71 D5 Structure Map Discovery Total Field Production 116 mmbo + 375 BCF Gross 3P Reserves* 323 wells 154 produced & 169 dry holes 6.3 mmbo + 4,500 mmcf SM71 B65 Gross Prospective Resource* 5.0 mmbo + 4,800…
South Marsh Island Block 71 Lease & Drilling History Shell Oil Drilled 4 Wells 1962 1973 Superior, Transco, McMoRan, et. Al Drilled 5 wells 1977 1982 SM71 Tenneco Farmed out to Taylor Drilled 2 Wells D5 1983 1988 Shell…
South Marsh Island 71 D5 Sand Discovery SM71 D5 Sand RTM Amplitude Map Production expected to commence in 1st quarter 2018 B Initial projected flow rates over 1,500 bbls/day/well SMI 71 1 B Initial 2 well net cash flow to…
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 1,0001,500 bopd First Production June 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…
SM71 Project Timeline & Platform Capex July 1, 2017 Sep 2018 2017 2018 July Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Platform Completion Complete 1 D5 First First Drill/Complete 3 First First Cash Drill 2 Production…
SM71 Production and Net Cumulative Cash Flow Forecast 140 235 Well Scenarios 300,000 5 Wells 136 Citicorp Street Consensus Oil & Gas price 6/10/2017 WTI Oil Henry Hub Gas 120 2018 58.00 3.13 SM71 Net Cumulative Cash Flow (USD…
SM 71 Development Reserve Valuation Collarini Report 7/1/2016 (BYE Adjusted for 4/2017 Capex & timing) Undiscounted Pre tax 10% NPW Pre tax 10% NPW Reserve Category Reserves (Gross)* Reserves (net to Byron)* Capex** Pretax…
SM 57/59/74 Near Term Drill Ready Exploration Opportunities SM 57 SM 59 SM71 Byron 1 Discovery Gross 3P Reserves* 6.3 mmbo + 4,500 mmcf SM71 B65 Gross Prospective Resource* 5.0 mmbo + 4,800 mmcf SM 70 GOM Lease Sale…
Byron Energy Gross Reserves and Resources Reserves and Resources Lease Notes Gross Net Reserves Oil (mmbo) Gas (Bcf)* Oil (mmbo) Gas (Bcf)* 2P Reserves (SM71) SM 70/71 5.0 3.7 2.0 1.5 2P Reserves( EI 63/76) EI 63/76 0.5 0.7 0.4…
Byron US Office Lafayette Louisiana Suite 604, 201 Rue Iberville For more information on Byron Energy please contact: Maynard Smith Chief Executive Officer +1 337 534 3601 US Bill Sack Executive Director +1 337 288 6619 US…
RESERVES AND RESOURCES INFORMATION SM 57/59/74 (reported for the first time) Reserves and Resources Reporting (i) The prospective resources information in this document is effective as at 1st July, 2017 (Listing Rule (LR) 5.25.1). (ii)…
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