Otto Energy Limited · ASX:OEL
Otto Energy — Corporate Update (August 2019)
12 slides from Otto Energy's corporate update, Aug 9, 2019
Slide 1: GC 21 Well / June 2019 Quarterly Report Conference Call Presentation
ASX ANNOUNCEMENT 9 August 2019 GC 21 WELL / JUNE 2019 QUARTERLY REPORT CONFERENCE CALL PRESENTATION Video Conference and Call Otto will hold a video conference and call for investors on Friday 9th August 2019 at 10 am [AEST] / 8 am [AWST] / [7 pm US CDT Thursday 8 August] to discuss the GC 21 “Bulle
Slide 2: Conference Call Presentation
Conference Call Presentation 9 August 2019 ASX: OEL 1
Slide 3: Disclaimer
Disclaimer This presentation is provided for information purposes only and is not a disclosure document as defined under the Corporations Act 2001 (Cth) This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase, sale or issue of any secur
Slide 4: Green Canyon 21 "Bulleit" Intersects Oil Pay Zone
Green Canyon 21 “Bulleit” Intersects Oil Pay Zone (Otto 16.67% WI) • Quality Partners and experienced operator in Talos Energy (50% operator) • Successful discovery of hydrocarbons in shallow sand target (DTR-10 ~16 km tie-back GC21 - Bulleit Prospect sands) and deeper MP sand target Talos GC18A Pla
Slide 5: June Quarter 2019 Highlights
June Quarter 2019 Highlights Otto achieved a 14% increase in sales revenue for the quarter on the back of a 5% increase in oil production, improved oil prices and commencement of production at Lightning • 134,628 bbls of oil and 297,370 Mscf of gas and 2,847 bbls of NGLs Oil and Gas Sales • NRI shar
Slide 6: Pipeline of Opportunities
Pipeline of Opportunities Otto has assembled an exciting pipeline of upcoming activities as a result of its partnership strategy 2019 2020 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 SM 71 Low-cost production Lightning Low-cost production 2nd Lightning Development Well Green Canyon 21 Successful
Slide 7: Free Cash Flow, Reserves, Actively Drilling
Otto Energy Limited (ASX:OEL) Strong base of free cash flow to fund continued growth through the drill bit Free Cash Flow • Low cost oil producer - expected to generate net free cashflow of ~US$2.4m per month from existing production of ~2250 boepd • Certified 1P and 2P Reserves to be updated with n
Slide 8: Appendix
Appendix 7
Slide 9: Otto Energy – Investment Exposure to the Gulf of Mexico
Otto Energy – Investment Exposure to the Gulf of Mexico ASX-listed, US focused, conventional oil and gas production and exploration business Investment Snapshot Operating Partner Hilcorp Energy Byron Energy • Current production of ~2250 boepd is expected to Talos Energy generate net free cashflow of
Slide 10: Otto Energy Gulf of Mexico Area Key Projects
Otto Energy Gulf of Mexico Area Key Projects Strong free cashflow base to fund growth ~US$2.4m in net operating cashflow each month Metric SM 71 Lightning Gulf Coast Green Canyon 21 VR 232 Type JV JV JV JV JV 37.5% WI 100% WI Ownership Structure 50% WI 37.5% WI 16.67% WI (50% of Cost1) NRI 40.625% 2
Slide 11: Glossary
Glossary Abbreviation Expanded Term Definition GoM Gulf of Mexico Million barrels of oil equivalent/ MMboe / mboe thousand Million standard cubic feet per day MMscfpd (gas) bopd Barrels of oil per day TD Total Depth The depth of the bottom of the well MD Measured Depth The total length of the wellbo
Slide 12: Address Contact Info Telephone
Address 32 Delhi Street West Perth WA 6005 Australia 1200 Smith Street Suite 1080 Houston TX 77002 United States of America Contact Info Email: info@ottoenergy.com Web: www.ottoenergy.com Telephone + 61 8 6467 8800 +1 713 893 8894 11