Otto Energy Limited · ASX:OEL
Otto Energy — Shareholder Meeting (November 2016)
13 slides from Otto Energy's shareholder meeting presentation, Nov 16, 2016
Slide 1: ASX Announcement: 2016 AGM Managing Director Presentation
ASX ANNOUNCEMENT 16 November 2016 For personal use only Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000 By E-Lodgement 2016 ANNUAL GENERAL MEETING MANAGING DIRECTOR PRESENTATION Please find attached 2016 Annual General Meeting Managing Director Presentation. Yo
Slide 2: Annual General Meeting Shareholder Update
ASX : OEL For personal use only Annual General Meeting SHAREHOLDER UPDATE Matthew Allen, Managing Director and CEO 16 November 2016
Slide 3: Otto Energy: Delivering growth against challenging sector conditions
Otto Energy Delivering growth against challenging sector conditions Drilling success sees return to production in 2017 For personal use only SM71#1 well yields gross 5 MMbbls and 3.6 Bcf discovery. Production platform acquired. First production 2H 2017. 5 MMbbls upside to be tested during developm
Slide 4: Gulf of Mexico: Building a Production Base
Gulf of Mexico Building a Production Base – Opportunity to repeat SMI-71 success For personal use only South Marsh Island 71 Otto secured a multi-well farm-in transaction in December 2015 Otto delivered maiden discovery in Gulf of Mexico in April 2016 – 2.2 MMboe 2P reserves booked Development
Slide 5: Alaska North Slope: New seismic and adjacent drilling activity de-risks portfolio
Alaska North Slope New seismic and adjacent drilling activity de-risks portfolio Progress towards drilling continues For personal use only Otto’s 2015 entry into the Alaska North Slope provides exposure to a high impact drilling program testing conventional plays adjacent to the largest oil fields i
Slide 6: Alaska North Slope: Early 2017 drilling of key plays nearby
Alaska North Slope Early 2017 will see drilling of key plays in close proximity prior to Otto’s first well For personal use only Trans Alaska Pipeline System Open access pipeline Export route to south Armstrong/Repsol Horseshoe-1 Wildcat Spud Q1 2017 Conventional target play 88 Energy Icewine-1 Wild
Slide 7: Raptor Prospect
Raptor Prospect Conventional toe-thrust anticline to be tested from all-weather drilling pad For personal use only Trap Compressional toe thrust anticlines High-graded for drilling Proposed well at the head a deepwater toe-of-slope Delineated and matured as part of the 2015 merged 3D seismic locatio
Slide 8: Tanzania: Kito #1 drilling update
Tanzania East African Rift System conventional oil – Kito #1 drilling update Kito #1 well planned to be drilled in the Kilombero Basin to test a Neogene aged For personal use only • frontier exploration prospect • Drilling now deferred from 2016 due to delay in receipt of key permits to allow access
Slide 9: Activity Timeline
Activity Timeline For personal use only Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 SM Development planning Low-cost production 70/71 GULF OF Drilled MEXICO SUCCESS Bivouac Technical evaluation Peak Drill Option First Risk & rank prospects round drilling Well planning Drill 1-2 W
Slide 10: Additional Information
For personal use only Additional Information Otto Energy Ltd 32 Delhi Street West Perth Western Australia 6005 Telephone: +61 8 6467 8800 Facsimile: +61 8 6467 8801 info@ottoenergy.com 9 Investor Update Presentation, November 2016
Slide 11: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure Shareholders Fully paid ordinary shares 1.181b Molton Holdings 20.5% Unlisted options1 8.0m Santo Holdings 20.5% Performance Rights 14.7m Directors & Management 2.2% Market capitalisation2 A$47m Shareholders 4,785 Cash (Sept 2016) US$18.8m 1
Slide 12: Experienced Board & Management Team
Experienced Board & Management Team Board of Directors Senior Management For personal use only 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 exposure to the upstream oil and gas industry
Slide 13: Disclaimer
Disclaimer 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 Limited (the “Company”). This presentation contains forward looking statements that ar