Otto Energy Limited · ASX:OEL
Otto Energy — Investor Presentation (December 2013)
18 slides from Otto Energy's investor presentation, Dec 11, 2013
Slide 1: Otto Energy Company Overview & Investor Update - December 2013
For personal use only ASX : OEL Otto Energy Company Overview & Investor Update - December 2013
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: 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 2
Slide 4: Clear Regional Focus: Material Progress in Philippines and EARS
Clear Regional Focus: Material Progress in Philippines and EARS For personal use only SC14C (Galoc Field) SC55 (Hawkeye/Cinco) • 33% WI and operator • 93.18% WI and operator1 • Completed Phase II • 2 drill ready prospects with • >4,000 bopd production and Cinco & Hawkeye 4.3mmboe reserves (both net
Slide 5: Galoc Production: Reliable Cashflow Generation
Galoc Production (Otto 33% WI Operator): Reliable Cashflow Generation For personal use only • Reliable production operations since successful FPSO & Galoc Daily Oil Production 16,000 mooring upgrade in early 2012 - >98% uptime & Phase II Start-up Oil Production immediate restart post Super Typhoon H
Slide 6: SC55: High Impact and Drill Ready Prospects
SC55 (Otto 93.18% Operator): High Impact and Drill Ready Prospects For personal use only SC55 Permit • Otto 93.18% interest currently re-assigning 60% WI from BHPB to Otto due to BHPB Carbonate Prospect Status decision to exit Philippines1 • Current contract commitment to drill 1 Clastic Prospect ex
Slide 7: East Africa Rift System: Otto Tanzania Position Material First Step
East Africa Rift System: Otto Tanzania Position Material First Step For personal use only East Africa Rift System (EARS) Exploration success and Otto acreage • Exploration success in Uganda and in Kenya demonstrates South Omo Block (Ethiopia) – being EARS as oil prone with potential for very signifi
Slide 8: East Africa Rift System: High WI in permits covering prospective basins
East Africa Rift System: High WI in permits covering prospective basins For personal use only Work completed to date has provided encouraging results •2012: Completed airborne gravity, magnetic surveying and sampling over Kilosa-Kilombero and Pangani – five potential basin areas identified •2013: Co
Slide 9: Seismic indicates Kilombero Basin may be similar to the Lokichar Basin
East Africa Rift System: Seismic indicates Kilombero Basin may be similar in structure to the Lokichar Basin in Kenya For personal use only Kilombero Basin appears structurally Tanzania: Kilombero Basin Kenya: Lokichar Basin and similar to the Lokichar Basin in Kenya exploration status • Kilombero i
Slide 10: Kilombero Basin exhibits structural and depositional geometries similar to Lokichar
East Africa Rift System: 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 h
Slide 11: Strong Capital Structure: Value underpinned by Reserves
Strong Capital Structure: Value underpinned by Reserves For personal use only Capital Structure Fully paid ordinary shares 1.14b Unlisted options1 9.75m Performance Rights 30.50m Market capitalisation2 A$95m Cash (Sep 2013) US$19.8m Undrawn Debt (Sep 2013) 3 US$11.2m Shareholders Molton Holdings 21.
Slide 12: 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 13: 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 14: Additional Information
For personal use only ASX : OEL Additional Information 14
Slide 15: 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 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: 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
Slide 18: Philippines – Other Exploration Portfolio: Blocks SC51 and SC73
Philippines – Other Exploration Portfolio: Blocks SC51 and SC73 For personal use only SC51 (Onshore Philippines) Acreage map • Otto 80% working interest and operator. Block covers 1,600 km2 • Onshore Block on the island of Leyte • In 2011 Otto attempted to drill the Duhat-1 well. Unable to drill to