Otto Energy Limited · ASX:OEL
Otto Energy — Investor Presentation (December 2013)
15 slides from Otto Energy's investor presentation, Dec 5, 2013
Slide 1: Investor Update December 2013
For personal use only ASX : OEL Investor Update December 2013 Chief Executive Officer – Gregor McNab
Slide 2: Disclaimer
Disclaimer For personal use only This presentation does not constitute an offer to sell securities and is not a solicitation of an offer to buy securities. It is not to be distributed to third parties without the consent of Otto Energy Ltd (the “Company”). This presentation contains forward-looking
Slide 3: Capital Structure & Shareholders
Capital Structure & Shareholders For personal use only Capital Structure Fully paid ordinary shares 1.14b Unlisted options1 9.75m Performance Rights 30.50m Market capitalisation2 $95m Cash (Sep 2013) US$19.8m Undrawn Debt (Sep 2013) 3 US$11.2m Shareholders Molton Holdings 21.3% Santo Holdings 21.3%
Slide 4: Opportunity Focus
Opportunity Focus South East Asia and East Africa For personal use only Philippines – Palawan Shelf and Visayan Basin •Production and development SC14C (Galoc oil field / 33% WI and operator) •Exploration SC55 (Cinco and Hawkeye Prospects / 93.18% WI) SC51 (Duhat prospect / 80% WI and operator)
Slide 5: Production – Galoc Phase I
Production – Galoc Phase I OEL 33% W.I. (Operator) For personal use only • Reliable production: 4,500 BOPD, >98% uptime, 11.4 MMbbl produced to date (gross) • Cash flow provides funds for growth o • Marketable product: 35 API oil, low sulphur crude easily placed into regional market • FPSO positione
Slide 6: Development - Galoc Phase II
Development - Galoc Phase II First Oil For personal use only • First oil • All subsea installation work completed on 30 November. • Final commissioning, testing & certification subsequently completed. • G5H & G6H wells producing through the FPSO Rubicon Intrepid. • System optimisation over coming da
Slide 7: SC55 Assumption of BHPB 60% WI
Exploration - SC55 Assumption of BHPB 60% WI For personal use only • Letter of Intent • Both OEL and BHPB moved quickly to address BHPB’s decision to withdraw. • Executed LOI defining terms of BHPB’s terms of withdrawal. • BHPB re-assigns its 60% interest and all future rights to OEL - OEL will reta
Slide 8: SC-55 Hawkeye Prospect
Exploration - SC-55 Hawkeye Prospect For personal use only Hawkeye Prospect Location Offshore, SW Palawan 50 km2 Area of Closure Up to 500m column height Water Depth 1,690 metres Hawkeye Prospect Areal Closure: 50km2 Objective Depth 2,750 metres STOIIP, 87 - 484 - 1,539 mmstb (Low – Best- High) Hawk
Slide 9: SC-55 Cinco Prospect
Exploration - SC-55 Cinco Prospect Malampaya Top Nido Depth For personal use only Top Nido Map mss CINCO 3200 CI: 200m 3400 3600 3800 CINCO 4000 4200 4400 4600 500 m 4800 Cinco Prospect MALAMPAYA 53 km2 Area of Closure Same scale Up to 500m column height Water Depth 1,430 metres Objective Depth 3,12
Slide 10: SC-55 Prospects & Leads
Exploration - SC-55 Prospects & Leads For personal use only An impressive gas and condensate portfolio, developed on an emerging major regional trend, parallel to the island of Palawan Arithmetically Aggregated ‘Best Estimate’ • GIIP 17 Tscf • Net Prospective Resource Gas 9 Tscf • Net Prospective Re
Slide 11: Onshore East Africa
Exploration Onshore East Africa For personal use only Lockichar Basin Numerous oil discoveries Lake Albert Numerous oil discoveries Pangani Kilosa- Kilombero Legend Wells Seepages Gas Discovery Gas Oil Discovery Oil Major faults 11
Slide 12: Kilosa-Kilombero
Exploration - Kilosa-Kilombero Year 2 For personal use only KILOSA-KILOMBERO PSA • 17,675 square kilometres • The Cenozoic rifting may be linked with the greater (western) rift system of the East Africa Rift • May contain several thousand metres of prospective sediment fill • Work program completed
Slide 13: Kilombero Basin – Encouraging Results
Kilombero Basin – Encouraging Results For personal use only Highlights: • Seismic programme over the third of the Kilosa-Kilombero licence area basins completed • Sediment in potential Neogene-age basin appears similar to proven oil basins along the same rift system • Large structural trap identifie
Slide 14: Pangani
Exploration - Pangani Year 2 For personal use only PANGANI PSA • 17,156 square kilometres • A potential arm of a triple point junction on the eastern branch of the East African Rift System • Work program completed in 2012: airborne gravity and/or magnetic surveying, satellite and photogeology works
Slide 15: Thank You
For personal use only THANK YOU Otto Energy Ltd 32 Delhi Street West Perth Western Australia 6005 Telephone: +61 8 6467 8800 Facsimile: +61 8 6467 8801 info@ottoenergy.com 15