Otto Energy Limited · ASX:OEL
Otto Energy — Noosa Mining & Exploration Investor Conference 2018
19 slides from Otto Energy's conference presentation, Jul 19, 2018
Slide 1: Noosa Mining & Exploration Investor Conference
Noosa Mining & Exploration Investor Conference Gulf of Mexico oil and gas producer and explorer Paul Senycia Executive Director, Exploration and New Ventures 19 July 2018 ASX : OEL 1
Slide 2: 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 3: Overview of Otto Energy
Overview of Otto Energy Otto’s core strategic goal is to deliver 5000 boepd of production by the end of 2020 • We are a company with a clear strategy and an experienced team who understand risk and capital management in the oil and gas industry • We are building a portfolio of US conventional produc
Slide 4: Why invest in Otto?
Why invest in Otto? Compelling valuation metrics OTTO ENERGY | ASX : OEL 4
Slide 5: Why Gulf of Mexico Shelf?
Why Gulf of Mexico Shelf? Proven, conventional oil and gas province – new discoveries utilizing modern technology • Proven prolific hydrocarbon province where technologies such as RTM seismic processing continue to create new opportunities • Low sovereign risk • High margin oil with breakeven econom
Slide 6: South Marsh Island 71 (SM 71)
South Marsh Island 71 (SM 71) Generating over US$3m in free operating cashflow each month • Otto farmed into SM 71 in 2016 and participated in the discovery well drilled in April/May 2016 with production commencing March 2018 • Operated tripod platform with capacity for up to 6 production wells and
Slide 7: South Marsh Island 71 Production
South Marsh Island 71 Production SM 71 production commenced on the Gulf of Mexico Shelf in late March 2018 SM 71 Key Details Byron Energy (ASX:BYE) (operator) 50% JV Partners Otto Energy 50% • F1 D5 Sand 70’ perforation • F2 B65 Sand 72’ perforation Production • F3 D5 Sand 184’ perforation Wells Fut
Slide 8: Delivering future growth
Delivering future growth Bivouac Peak VR 232 New Ventures Alaska Commence drilling of the Commence drilling planning Continue to screen and Commence drilling of the Louisiana near shore high impact for a exploration well at acquire value accretive Western Blocks Nanushuk Bivouac Peak prospect next m
Slide 9: Delivering future growth
Delivering future growth Focused strategy of portfolio growth within clearly defined region Commence drilling planning for a exploration well in either the SM-74 or VR 232 block Bivouac Peak Continue to screen and acquire new value accretive VR 232 opportunities leveraging Otto’s current relationshi
Slide 10: Bivouac Peak
Bivouac Peak 32 MMboe1 conventional gas/condensate prospect to spud late August 2018 • Otto to participate in drilling the high-impact Bivouac Peak gas/condensate prospect at 40% WI • 32 MMboe1 high quality, amplitude supported conventional gas/condensate prospect in the highly productive Atchafalay
Slide 11: Alaska
Alaska Otto to Drill Large Nanushuk Oil Prospect on the Alaska North Slope in Early 2019 • Otto’s technical team has generated a 400 MMbbl gross best estimate prospective resource target on the Alaska North Slope. Otto’s 18.75% net revenue interest (before Great Bear 10% back in – refer table) would
Slide 12: Pipeline of Opportunities
Pipeline of Opportunities Otto has assembled an exciting pipeline of upcoming activities 2018 2019 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 SM 71 Low-cost production Gulf of Mexico Success Case Facility Bivouac Drilling Preparation Peak Construction Exploration Drilling New Ventures Aspiratio
Slide 13: Additional Information
Additional Information 13
Slide 14: Corporate Snapshot
Corporate Snapshot Capital Structure Funding Position4 Shareholders Fully paid ordinary shares 1.531b Cash US$6m Molton Holdings 20.0% Performance Rights 18.8m Convertible Note Liability US$8.2m Perennial Value 7.9% (repayable 30 June 2019) 3 Management Convertible Notes (US$1 per note)3 8.2m Debt N
Slide 15: Board and Management
Board and Management John Jetter – Non-Executive Ian Macliver – Non-Executive Ian Boserio – Non-Executive Chairman. Director. BComm, FCA, SF Fin, Director. LLB, BEc INSEAD FAICD BSc (Hons) Former MD/CEO J.P. Morgan Managing Director Grange Executive Technical Director of Germany. Non-Executive Direc
Slide 16: Proven Oil and Gas Experience
Proven Oil and Gas Experience Successfully operated/developed Galoc oil field and established a non-operated business Acquired operatorship of Galoc oil field Increased working interest to 33.0% and assumed operatorship of field. Purchase price equivalent to Upgraded Galoc FPSO delivering top US$11.
Slide 17: Reserves & Prospective Resources
Reserves & Prospective Resources The B65 interval, which was discovered in the SM 71 F2 well in December 2017, had a Prospective Resource at 30 June 2017 of 2.869 MMboe (Otto’s 50% working interest share). The F3 well also intersected the B55 and C10 zones which were not included in the above prospe
Slide 18: Competent Persons and Cautionary Statements
Competent Persons and Cautionary Statements Competent Persons Statement The information in this report that relates to oil and gas resources in relation to Alaska was compiled by Mr Paul Senycia BSc (Hons) (Mining Engineering), MAppSc (Exploration Geophysics), who has consented to the inclusion of s
Slide 19: Address Contact Info Telephone
Address 32 Delhi Street West Perth WA 6005 Australia Contact Info Email: info@ottoenergy.com Web: www.ottoenergy.com Telephone + 61 8 6467 8800 19
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