Otto Energy Limited · ASX:OEL
Otto Energy — Investor Presentation (July 2014)
17 slides from Otto Energy's investor presentation, Jul 10, 2014
Slide 1: ASX Announcement – Investor Presentation / Otto at a Glance
10 July 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 strategy to grow its oil and gas business ASX ANNOUNCEMENT – INVESTOR PRESENTATION across exploration, dev
Slide 2: Otto Energy Investor Presentation July 2014
For personal use only ASX : OEL Otto Energy Investor Presentation July 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 Limited (the “Company”). This presentation contains forward look
Slide 4: Clear Regional Focus
Clear Regional Focus: Focus on conventional hydrocarbon exploration and production within South East Asia and the East Africa Rift System (“EARS”) For personal use only Stable Production and Reserves Philippines Exploration 1 SC14C (Galoc Field) 2 SC55 (Hawkeye/Cinco) • 33% WI and operator • 93.18%
Slide 5: SC14C Galoc Field: Reliable Production and Reserves
SC14C Galoc Field (Otto 33% Operator): Reliable Production and Reserves For personal use only • Successful delivery of major upgrade in 2013 underpins strong production performance in 2014 – six cargoes delivered in six months to June 2014 • Currently evaluating options for further exploration, appr
Slide 6: 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 is operator with 93.18% interest • Sub-Phase 4 contains a commitment to drill 1 Carbonate Prospect Status exploration well by 23 December 2014 Clastic Prospect Carbonate Lead Exploration
Slide 7: Tanzania: Otto's Position is a Material First Step
Tanzania (Otto 50% WI): Otto’s Tanzania Position is a Material First Step For personal use only History Exploration success and Otto acreage South Omo Block • Pre 2006 - No material exploration success (Ethiopia) – being tested by Tullow • 2006 - First discovery in Uganda Lake Albert: Numerous oil a
Slide 8: 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 •2012: Completed airborne gravity, magnetic surveying and sampling over Kilosa-Kilombero and Pangani – five potential basin areas identified •2013: Com
Slide 9: Tanzania: Kilombero Basin analogous to 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 Airborne Grav
Slide 10: Kilombero Basin structural and depositional geometries
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 11: 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 1.15b to competitors Unlisted options1 9.75m • Cashflow can be reinvested into high impact explora
Slide 12: 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 production of >2,800 bopd July 2014 (net to Otto). Expect delivery of 10 c
Slide 13: 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 12
Slide 14: Experienced Board & Management Team
Experienced Board & Management Team For personal use only Board of Directors Senior Management Rick Crabb – Chairman. Matthew Allen – Chief Executive Officer. BBus, FCA, BJuris (Hons), LLB, MBA FFin, GAICD Former energy, resources and corporate lawyer Global exposure to the upstream oil and gas indu
Slide 15: 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 16: 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 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