Otto Energy Limited · ASX:OEL
Otto Energy — Investor Presentation (May 2010)
20 slides from Otto Energy's investor presentation, May 12, 2010
Slide 1: Investor Presentation cover letter to ASX
For personal use only 12 May 2010 Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000 By E‐Lodgement INVESTOR PRESENTATION Please find attached the latest copy of Otto Energy Limited (ASX: OEL) investor presentation. Yours faithfully Emma McCormack Company Secretar
Slide 2: Investor Roadshow May 2010
For personal use only INVESTOR ROADSHOW MAY 2010 Paul D Moore CEO
Slide 3: Disclaimer
Disclaimer • This presentation does not constitute an offer to sell securities and is not a solicitation of an For personal use only 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‐look
Slide 4: Company Overview – Asset Base
Company Overview – Asset Base For personal use only Details • 18.78% indirect interest • First Oil ‐ October 2008 Galoc Oil Field • 4.5 million bbls (gross) produced to date Philippines • Current production rate ~9,200 bopd • Phase 2 development evaluation ongoing • 35% interest • Otto’s second prod
Slide 5: Board and Management
Board and Management For personal use only CHAIRMAN RICK CRABB BJuris (Hons), LLB, MBA DIRECTOR DIRECTOR DIRECTOR DIRECTOR RUFINO BOMASANG JAAP POLL IAN MACLIVER JOHN JETTER BSc (Min. Eng), MBE BSc, MSc and PhD Geology B.Com, CA, F Fin, MAICD LLB and BEc, INSEAD B.Bus, CEO PAUL MOORE BSc (Hons) Eng,
Slide 6: Capital Structure
Capital Structure Capital Structure Shareholders For personal use only Fully paid ordinary shares 1,072.7m Molton Holdings 19.7% Unlisted options1 116.6m Santo Holdings 19.7% Market capitalisation2 $100m Directors 6.0% Shareholders ~3,900 Cash (at 31 March 2010) $23m Debt (at 31 March 2010) Nil Pric
Slide 7: Reserves, Resources and Exploration
Reserves, Resources and Exploration Developing Reserves And Resources Prospect And Lead Inventory For personal use only Otto Net 2P Reserves plus 2C Resources Licence Working Area Prospects/ (MMboe) Interest (km2) Leads As at 30 June 2009 9.00 Philippines 8.00 SC14C (Galoc) 18.78%1 163 3 7.00 6.00 S
Slide 8: Galoc Oil Field – Production Performance
Galoc Oil Field – Production Performance Interest Gross Daily Oil Production For personal use only • 18.8% indirect interest in Galoc Oil Project • Held through 31.4% shareholding in GPC • Operator ‐ Galoc Production Company (GPC) Production • Current rate ~9,200 bopd (gross) • Uptime has improved t
Slide 9: Edirne Gas Fields – Second Producing Asset
Edirne Gas Fields – Second Producing Asset Technical/Operational Phase 2 Exploration/Appraisal drilling For personal use only • Connection to Botas grid completed • Six well drilling campaign ongoing. • First sales gas produced 8 April 2010 • 3 discoveries to date • Seismic Acquisition resumes in Ma
Slide 10: Philippines Exploration
Philippines Exploration Major Upside Potential Across Multiple Licences For personal use only Philippines Permits Permit Description Otto Working Interest SC55 Deepwater Palawan 85% SC51 East Visayan basin 80% SC69 East Visayan basin 70% SC14C Galoc block 18.8% SC50 Calauit NW Palawan 85% 12.May.201
Slide 11: Philippines Exploration: SC55
Philippines Exploration: SC55 SC55 Prospects And Leads For personal use only Interest • 85% working interest Exploration Program • 600 km2 of 3D seismic acquired Jan 2010, over Hawkeye prospect • Seismic acquisition & farm in option agreement • 1,800 km2 3D seismic program completed • Processing and
Slide 12: Philippines Exploration: SC51
Philippines Exploration: SC51 SC51 Prospects and Leads SC51 For personal use only • 80% working interest Vilaba Gas Discovery SC51 North • Argao Prospect in 230m water Maya Field • 3D recorded in 2007 • Drill‐ready prospect Libertad Field • Targetting 100 mmbls POS +/‐ 20% • Seeking partners for dri
Slide 13: Philippines Exploration: SC69
Philippines Exploration: SC69 SC69 For personal use only • 70% working interest • Proven petroleum system • Large reef structures • Significant Information, Education and Communication campaign with DOE and local communities • 2D seismic acquisition (900 line kms) completed Mar 2010 • Numerous leads
Slide 14: 2010 Activities
2010 Activities For personal use only Production in 2010 Forward Activities • Galoc 0.4 mmbbls (net) • Turkey ~ 1.3 Bcf (0.23 mmboe) (net) Development • Galoc production upgrade • Commit to Galoc Phase 2 Exploration + static resources • Turkey Phase 2 exploration • Philippines farm downs • Philippin
Slide 15: Summary
Summary Strategic focus: For personal use only • Production: • Maximise value from Galoc oil project • Commercial production delivered from Edirne gas project • Development: • Explore/appraise in and near field to extend production in Galoc and Edirne projects • Consider possible expansion at Edirne
Slide 16: Philippines - Additional Exploration Details
For personal use only Philippines ‐ Additional Exploration Details 12.May.2010 15
Slide 17: Hawkeye Lead and NW Borneo Trend
Hawkeye Lead and NW Borneo Trend Possible GOC ~2800 mSS ~25 km2 For personal use only Lowest Closing Contour Possible OWC ~2880 mSS ~38 km2 Upside Possible OWC ~3000 mSS ~59 km2 Hawkeye Hawkeye Hawkeye (Otto) SC56 (Exxon‐Mobil) 20‐600 MMbbls 20‐600 MMbbl Dabakan‐1 2009 ?Oil Discovery Potential Resou
Slide 18: SC51 South: The Argao Prospect
SC51 South: The Argao Prospect....targeting 100 MMbbls For personal use only DHI’s Suggest Gas cap Potential Oil Leg 8 levels that could EACH contain 40 - 300 MMbbls in Gas place Cap E‐W SECTION OVER ARGAO 12.May.2010 17
Slide 19: Argao Prospect – East Visayan Basin
Argao Prospect – East Visayan Basin For personal use only Vilaba Gas Discovery SC51 North Maya Field Libertad Field Analogue – Tembungo Field 1971 Esso Discovery Argao 40‐350 MMbbls Prospective Resource POS 20% Toledo Field Malolos Argao Lumpan/Clemtom Field Malabuyoc/South Cebu SC51 South 12.May.20
Slide 20: SC69 Numerous Plays in the East Visayan Basin
SC69 Numerous Plays in the East Visayan Basin Top Carbonate (Barili) Depth Structure Map For personal use only Vilaba Gas Discovery SC69 Maya Field Lampos Libertad Field Lampos Toledo Field Malolos Lumpan/Clemtom Field Malabuyoc/South Cebu 12.May.2010 19