Otto Energy Limited · ASX:OEL
Otto Energy — Good Oil Conference 2012
17 slides from Otto Energy's conference presentation, Sep 5, 2012
Slide 1: Good Oil Conference
For personal use only ASX : OEL Good Oil Conference September 2012 Gregor McNab, Chief Executive Officer
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: Otto Overview
Otto Overview • Listed 2004, Perth head office For personal use only • Market capitalisation of ~A$97 million at A$0.085 • Growing an integrated business across exploration, development and production phases • Geographic focus on South East Asia and onshore East Africa • Established integrated posit
Slide 4: Established integrated position in the Philippines
Established integrated position in the Philippines For personal use only Malampaya Gas Complex Duhat 2.7 Tcf Lampos SC14C - Galoc Complex 33% WI 163 km2 SC 69 79% WI 5280 km2 SC 51 North 40% WI 1660 km2 Uno Cinco Hawkeye SC 55 33.18% WI 9880 km2 Otto Energy Acreage 3D Seismic Coverage Kebabangan & K
Slide 5: Portfolio Overview: Galoc Production
For personal use only Portfolio Overview Galoc Production 5
Slide 6: Production – Galoc Phase I
Production – Galoc Phase I • Otto holds material working interest: For personal use only 33% and field operator • Established safe & reliable production: 5,600 BOPD, >500 days LTI free, >95% uptime, 9 MMbbl produced to date (gross) • FPSO positioned for long term: Major refit completed 2012 • Substa
Slide 7: Portfolio Overview: Development - Galoc Phase II
For personal use only Portfolio Overview Development - Galoc Phase II 7
Slide 8: Development – Galoc Phase II
Development – Galoc Phase II • Scope For personal use only - Drill and complete two 2,000m horizontal section subsea wells - Tie-back to existing FPSO (“Rubicon Intrepid”) - Install second production riser and control umbilical • Production - Will deliver ~8 MMbbl of additional reserves - Current pr
Slide 9: Portfolio Overview: Exploration
For personal use only Portfolio Overview Exploration 9
Slide 10: Galoc Exploration Potential
Galoc Exploration Potential • Significant Work completed to build understanding of subsurface issues For personal use only - High resolution 3D seismic data acquired January 2012 - Detailed geological and reservoir modelling commenced 4Q 2011 - High confidence in northern Galoc area exploration pote
Slide 11: SC55: Overview
SC55: Overview For personal use only SC 51 North 40% WI 1660 km2 Galoc Malampaya Complex 2.7 Tcf Duhat Lampos Complex SC 14C 33% WI 163 km2 Uno SC 69 Cinco 79% WI Hawkeye 5280 km2 Otto Energy Acreage SC 55 3D Seismic Coverage 33.18% WI Prospects and Leads 9880 km2 Kebabagan >4.5 Tcf Kikeh 400-700 mb
Slide 12: SC55: Carbonate Gas Prospect & Lead Portfolio
SC55: Carbonate Gas Prospect & Lead Portfolio • Total unrisked potential Mean Recoverable Resources For personal use only (Nido level carbonates only): Carbonate Prospect • Gas: 19 Tcf Clastic Prospect • Condensate: 670 MMbbls • Cinco Prospect (analogous to Malampaya field): Carbonate Lead • Gas: 2.
Slide 13: SC51: Planning for Duhat-2 Well
SC51: Planning for Duhat-2 Well • Otto working interest 40% and operator For personal use only • Duhat-1 well drilled to limited depth in 2011: demonstrated hydrocarbons • Currently executing 100km 2D seismic survey to confirm well location Duhat-1 14.5 km2 370m closure • Plan to drill Duhat-2 well
Slide 14: SC69: Maturing to drillable status
SC69: Maturing to drillable status OEL WI 79% Lampos Lampos South For personal use only Duhat-1 Location Off-shore Visayan Basin Water Depth 730 Metres 670 Metres Objective Depth 1,230 Metres 1,300 Metres Closure Area 14.5 km2 14.5 km2 SC69 Closure Height 330m 500m STOIIP (Mean)1 191 MMbbls 312 MMbb
Slide 15: East Africa: Tanzania
East Africa: Tanzania Joint Venture Partners: PANGANI PSA For personal use only Name % • ~17,000 square kilometres Otto Energy (Tanzania) Pty Ltd 50.00% • A potential arm of a triple point junction on Swala Oil and Gas (Tanzania) Limited 50.00% the eastern branch of the East African Rift System • Wo
Slide 16: Asset Portfolio
Asset Portfolio For personal use only APPRAISAL/ NEW BUSINESS EXPLORATION PRODUCTION DEVELOPMENT PECR4: Palawan Exploration: Galoc Oil Field Phase II: Galoc Oil Field: Submissions made for Area SC14C – Galoc: 2 wells in 2013 for ~8 MMbbl Production to date 9 MMbbl 7 & Area 15 Galoc North re
Slide 17: 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 17