ASX : OEL East African Oil Exploration a Personal and Company View Paul Senycia VP Exploration and New Ventures Otto Energy
First Steps in the East African Region Nov 1979 Pre- GPS, Mobile Phones, Airport Business Lounges The era of Telex, Land Rover, expensive or non existent international telecommunications. East African Oil Exploration was…
The Early Years 19401973 1940-1973 Prior to the first oil price shock in 1973 oil prices were low, East Africa was seen as remote and unexplored. Most exploration activity was confined to field mapping, regional seismic and the…
The Middle Years 19791992 1979-1992 Oil Exploration in East Africa continued at a slow pace. Oil was discovered to the north in Sudan in 1979 by Chevron. Coastal gas was discovered at Mnazi Bay in Tanzania by AGIP in 1982. In…
Build Up to Success 19922005 1992-2005 Oil Exploration waxed and waned during the period. With a generally lower oil price frontier exploration was reduced by the majors and remote regions with limited infrastructure suffered…
Otto Energy Who Are They Capital Structure 2010-2011 Fully paid ordinary shares 1.15b Unlisted options1 9.75m In April 2010 I joined Otto Energy in Perth, a small cap oil exploration and production company with assets…
SC14C Galoc Field (Otto 33% Operator): Reliable Production and Reserves Successful delivery of major upgrade in 2013 underpins strong production performance in 2014 six cargoes delivered in six months to June 2014 Currently…
Ottos East African Search Begins 20102011 2010-2011 East African New Venture search commenced in earnest in late 2010. Surprisingly despite the now significant Neogene Rift Play discoveries in Uganda at Lake Albert, acreage in…
Tanzania (Otto 50% WI): Ottos Tanzania Position is a Material First Step Exploration success and Otto acreage 2012 Lake Albert: Otto together with Swala Energy secures by direct Numerous oil discoveries with negotiation 50%…
Tanzania (Otto 50% WI): Ottos Tanzania Position is a Material First Step Otto acreage with key basin areas highlighted 2012 Moshi Otto and Swala (operator) acquires airborne gravity and magnetic data over both permit areas in…
Tanzania (Otto 50% WI): Ottos Tanzania Position is a Material First Step Otto acreage with 2013 seismic highlighted 2013 Otto and Swala acquire regional seismic data over their Moshi 5 separate basin areas: Mvungwe, Moshi,…
Tanzania (Otto 50% WI): Seismic indicates Kilombero Basin is analogous to the Lokichar Basin in Kenya Kilombero Basin appears analogous to Tanzania: Kilombero Basin Kenya: Lokichar Basin and the Lokichar Basin in Kenya exploration…
Tanzania (Otto 50% WI): Kilombero Basin exhibits structural and depositional geometries similar to those in the Lokichar Basin Tanzania: Kilombero Basin Kenya: Lokichar Basin Source: Africa Oil The proven play trend in the…
Tanzania (Otto 50% WI): Ottos Tanzania Position is a Material First Step 2014 Infill Seismic Program in Moshi and Kilombero 2014 The Joint Venture will acquire detailing seismic in the Kilombero and Moshi Basins during Q3/4 2014…
Predicting the Future Exploration Blocks and Open Acreage 2015 The Joint venture plans to drill an exploration well in each of their two permits in Tanzania and given success the companies will be transformed from small caps to…
What Have We Learnt So Far In East Africa as an Industry we are just getting started East Africa both on and offshore is a very under Exploration success by Tullow and Africa oil explored region with approx 400mmboe 2C…
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 1
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