Otto Energy Limited · ASX:OEL
Otto Energy — Shareholder Meeting (November 2017)
6 slides from Otto Energy's shareholder meeting presentation, Nov 29, 2017
Slide 1: Annual General Meeting
ASX : OEL Annual General Meeting Gulf of Mexico Shelf oil and gas explorer/producer Matthew Allen, Managing Director and CEO 29 November 2017
Slide 2: Achievements since Nov 2016
Achievements since Nov 2016 Building upon the 2016 success at SM 71 • SM 71 Development on track for first production in January 2018 • Platform installation completed in Nov 2017 • Ensco 68 rig en-route to commence drilling the SM 71 F2 well • Production scheduled for end Jan 2018 – first cashflow/
Slide 3: Our Growth Strategy
Our Growth Strategy 1000’s of drill ready prospects available for farm-in at near ground floor terms because: VR 232/ • Shelf exploration is SM 74 capital starved Exploration Prospect ST 224 Success • Lease Expiry is screening Bivouac Heading for imminent ongoing SM 71 B65 Peak Production [SM 71 D5]
Slide 4: 2018 Activity Plan
2018 Activity Plan 2017 2018 2019 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Low-cost production SM 71 Facility construction Additional Development Development & drilling GULF OF Exploration drilling MEXICO ST 224 Success Case Facility Construction Low-cost production Exploration Drilli
Slide 5: 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
Slide 6: Thank You
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 6 AGM MD & CEO Presentation, 29 November 2017