Otto Energy Limited · ASX:OEL
Otto Energy — Investor Presentation (January 2014)
18 slides from Otto Energy's investor presentation, Jan 30, 2014
Slide 1: ASX Announcement – Investor Presentation / Otto at a Glance
30 January 2014 Manager of Company Announcements For personal use only ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000 By E-Lodgement OTTO AT A GLANCE • ASX-listed oil and gas company with a ASX ANNOUNCEMENT – INVESTOR PRESENTATION strategy to grow its integrated oil and gas Please find attach
Slide 2: Otto Energy Investor Presentation
For personal use only ASX : OEL Otto Energy Investor Presentation 30 January 2014
Slide 3: 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 4: Company Overview: Investment Rationale
Company Overview: Investment Rationale For personal use only Strategy: Focus on conventional hydrocarbon exploration and production within South East Asia and the East 1 Africa Rift System (“EARS”). Production: Galoc Phase II development finished in Q4 13 – production to >4,000 bopd plus 4.3mmboe 2P
Slide 5: Clear Regional Focus: Material Progress in Philippines and Tanzania
Clear Regional Focus: Material Progress in Philippines and Tanzania For personal use only SC14C (Galoc Field) SC55 (Hawkeye/Cinco) • 33% WI and operator • 93.18% WI and operator2 • Completed Phase II Dec 13 • 2 drill ready prospects with • >4,000 bopd production and Cinco & Hawkeye 4.3mmboe reserves
Slide 6: SC14C Galoc Field: Reliable Production and Reserves Growth
SC14C Galoc Field (Otto 33% Operator): Reliable Production and Reserves Growth For personal use only • Reliable production operations since successful FPSO & Galoc Daily Oil Production 16,000 mooring upgrade in early 2012 - >98% uptime & Oil Production Phase II Start-up immediate restart post Super
Slide 7: SC55: High Impact and Drill Ready Prospects
SC55 (Otto 93.18% Operator): High Impact and Drill Ready Prospects SC 55 For personal use only SC55 Permit • Otto currently re-acquiring 60% WI due to BHPB decision to exit Philippines1 Carbonate Prospect Status • Will result in Otto with 93.18% interest • Current contract expires with a commitment
Slide 8: Tanzania: Otto Tanzania Position
Tanzania (Otto 50% WI): Otto Tanzania Position Material First Step For personal use only History Exploration success and Otto acreage South Omo Block • Pre 1970’s - No material exploration (Ethiopia) – being tested by Tullow • 1980 - 90’s - Limited unsuccessful exploration in Tanzania Lake Albert: N
Slide 9: Tanzania: High WI in permits covering prospective basins
Tanzania (Otto 50% WI): High WI in permits covering prospective basins For personal use only Work completed to date has provided encouraging results Pangani •2012: Completed airborne gravity, magnetic surveying and sampling over Kilosa-Kilombero and Pangani – five potential basin areas identified •2
Slide 10: Seismic indicates Kilombero Basin is analogous to the Lokichar Basin
Tanzania (Otto 50% WI): Seismic indicates Kilombero Basin is analogous to the Lokichar Basin in Kenya For personal use only Kilombero Basin appears analogous to Tanzania: Kilombero Basin Kenya: Lokichar Basin and the Lokichar Basin in Kenya exploration status • Kilombero interpreted as Neogene- Airb
Slide 11: Kilombero Basin exhibits structural and depositional geometries similar to Lokichar
Tanzania (Otto 50% WI): Kilombero Basin exhibits structural and depositional geometries similar to those in the Lokichar Basin For personal use only Tanzania: Kilombero Basin Kenya: Lokichar Basin Source: Africa Oil The proven play trend in the Lokichar Basin, Kenya, demonstrates large structural hi
Slide 12: Strong Capital Structure: Value underpinned by Reserves
Strong Capital Structure: Value underpinned by Reserves For personal use only Capital Structure • Stable cash flow from Galoc and financial discipline are key differentiators Fully paid ordinary shares 1.14b to competitors Unlisted options1 11.75m • Cashflow can be reinvested into high impact explor
Slide 13: Experienced Board & Management Team
Experienced Board & Management Team For personal use only Board of Directors Senior Management Rick Crabb – Chairman. Gregor McNab – Chief Executive Officer. BJuris (Hons), LLB, MBA BSc (Hons) Former energy, resources and corporate lawyer Oil & gas experience gained over 30 years, with over 25 years
Slide 14: Investment Summary
Investment Summary For personal use only Credible • Conventional hydrocarbon exploration and production Strategy • Clear geographical focus – South East Asia and EARS • Pursue early stage exploration in quality basins – deliver value through the life-cycle Philippines • Cashflow generation from Galo
Slide 15: Additional Information
For personal use only ASX : OEL Additional Information 14
Slide 16: Philippines Exploration: SC55 – Cinco Prospect
Philippines Exploration: SC55 – Cinco Prospect For personal use only mss CINCO 3200 3400 3600 3800 4000 4200 4400 4600 500 m 4800 Cinco Prospect 53 km2 Area of Closure Up to 500m column height Water Depth 1,430 metres Objective Depth 3,120 – 4,500 metres GIIP 0.9 – 2.4 – 6.3 Tscf ((Low – Best- High)
Slide 17: Philippines Exploration: SC55 – Hawkeye Prospect
Philippines Exploration: SC55 – 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
Slide 18: Philippines Exploration: SC55 – Additional Leads Post Hawkeye/Cinco
Philippines Exploration: SC55 – Additional Leads Post Hawkeye/Cinco For personal use only An impressive gas and condensate portfolio, developed on an emerging major regional trend, parallel to the island of Palawan SC55 SW Palawan SC 55 Area = 9,880 km2 Arithmetically Aggregated ‘Best Estimate’ • GI