Otto Energy Limited · ASX:OEL
Otto Energy — Noosa Mining & Exploration Conference 2015
22 slides from Otto Energy's conference presentation, Jul 15, 2015
Slide 1: Otto at a Glance
15 July 2015 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 ANNOUNCEMENT – INVESTOR PRESENTATION • ASX-listed oil and gas company with a strategy to grow an integrated petroleum business through high im
Slide 2: 2015 High Impact Exploration Drilling
2015 High Impact For personal use only Exploration Drilling NOOSA MINING & EXPLORATION CONFERENCE July 2015 ASX: OEL
Slide 3: Disclaimer
Disclaimer For personal use only This presentation does not conditions in various countries and Prospective Resource Cautionary Management System to define constitute an offer to sell securities regions, political risks, project delay Statement resource classification and volumes. and is not a solic
Slide 4: Otto value proposition
Otto value proposition Cash backed with fully carried exploration well in Q3 2015 For personal use only Strong Financial Position Philippines Exploration Tanzania Exploration > US$41.2M IN CASH AND FREE CARRIED, HIGH NEW, HIGHLY PROSPECTIVE DEBT FREE IMPACT EXPLORATION FRONTIER REGION WELL DRILLING
Slide 5: Clear Regional Focus
Clear Regional Focus PHILIPPINES EXPLORATION SC55 (Hawkeye/Cinco) For personal use only • 78.18% WI and operator • US$24.5m funding by • Deep water exploration BHBP1 • Hawkeye exploration well • Otto is fully funded for to be drilled in Q3 2015 Hawkeye exploration well MANILA - PHILIPPINES Project o
Slide 6: Philippines
For personal use only Philippines SC55 (OTTO 78.18% OPERATOR) 5
Slide 7: Block SC55: Geological Setting Good Neighbourhood
Block SC55: Geological Setting Good Neighbourhood • Service Contract 55 (SC55) is located in the southwest Palawan Basin and covers an area For personal use only Malampaya Gas Complex Galoc Oil Field of 9,880km2. • SC55 is a deep-water block in the middle of a proven regional oil and gas fairway str
Slide 8: Free carried high impact exploration
SCon Free carried 55 high SC55 Permit Status impact exploration Otto is operator with 78.18% interest Sub-Phase 4 contains a commitment to drill exploration well by 23 December 2015 For personal use only Carbonate Prospect Exploration and Drill Clastic Prospect Targets SC55 is on trend with Sabah pr
Slide 9: Joint Venture Structure
Free carried on high Joint Venture impact exploration Structure For personal use only Otto Philippines Inc (a subsidiary of Otto): 45.00% Otto Energy Investments Ltd (a subsidiary of Otto): 33.18% Red Emperor Resources NL (ASX:RMP): 15.00% Palawan 55 Exploration and Production Company: 6.82% (a subs
Slide 10: Philippines Exploration: Hawkeye Prospect
Philippines Exploration: Hawkeye Prospect SC55 – Hawkeye Prospect Location Offshore, SW Palawan For personal use only Area of Closure 50 km2 Up to 500m column height Water Depth 1,788 metres Objective Depth 2,887 metres STOIIP, 87 - 484 - 1,539 mmstb (Low – Best- High) Hawkeye Prospect Areal Closure
Slide 11: Philippines Exploration: Cinco Prospect
Philippines Exploration: Cinco Prospect SC55 – Cinco Prospect Area of Closure Water Depth 53 km2 1,430 metres For personal use only Up to 500m column height mss CINCO Objective Depth 3,120 - 4,500 metres 3200 GIIP 0.9 - 2.4 - 6.3 Tscf 3400 (Low - Best - High) Net Prospective 0.4 - 1.1 - 2.9 Tscf gas
Slide 12: Philippines Exploration: Gas and Condensate Portfolio
Philippines Exploration: An impressive gas and condensate portfolio, developed on an emerging major regional trend, SC55 – Additional Leads Post Hawkeye/Cinco parallel to the island of Palawan Arithmetically Aggregated ‘Best Estimate’ For personal use only GIIP 17 Tscf Net Prospective Resource Gas 8
Slide 13: Tanzania
For personal use only Tanzania (OTTO 50% WI) 12
Slide 14: Otto's Tanzania Position is a Material First Step
Otto’s Tanzania Position HISTORY is a Material First Step Pre 2006 No material exploration success For personal use only EXPLORATION SUCCESS AND OTTO ACREAGE 2006 First discovery in Uganda South Omo Block (Ethiopia) 2008-09 Further discoveries result in >1.5 Bn boe prospective – being tested by Tull
Slide 15: High WI in permits covering prospective basins
High WI in permits covering Work completed to prospective basins date has provided encouraging results For personal use only 2012: Completed airborne gravity, magnetic surveying and sampling over Kilosa-Kilombero and Pangani – five potential basin areas identified 2013: Completed 570km 2D seismic ov
Slide 16: Kilombero Basin analogous to Lokichar Basin
Kilombero Basin analogous Kilombero Basin to Lokichar Basin appears analogous to the Lokichar For personal use only Basin in Kenya Kilombero interpreted as Neogene- age basin with a depth to basement in excess of 3,000m Comparison with Lokichar Basin identifies similar: 1. Depositionl geometries wit
Slide 17: Kito prospect best estimate 60.4 MMbbl
Kito prospect “best estimate” 60.4 MMbbl Net Prospective Resource For personal use only • Robust rollover structure into basement footwall • No evidence of crestal faulting / trap breach • Possible brightening over crest The estimated quantities of petroleum that may potentially be recoverable by th
Slide 18: Additional Information
For personal use only Additional Information 17
Slide 19: Strong Capital Structure
Strong Capital Structure: Cash backed with Free-Carried Exploration For personal use only Otto is cash backed with a free-carried, high impact exploration well to be drilled in Q3 2015 Capital Structure Fully paid ordinary shares 1.16b Unlisted options 1 8.0m Performance Rights 13.8m Market capitali
Slide 20: Experienced Board & Management Team
Experienced Board & Management Team For personal use only Rick Crabb – Chairman. Matthew Allen – Managing Director & CEO BJuris (Hons), LLB, MBA BBus, FCA, FFin, GAICD Former energy, resources and corporate lawyer with over Global exposure to the upstream oil and gas industry with 25 years Australia
Slide 21: Further Information
Further Information For personal use only View the latest ASX View the latest View the latest Announcements Annual Reports Analyst Research View the latest View the Investor View Share Price BRR Media Fact Sheet Information www.ottoenergy.com.au 20
Slide 22: Investor Queries
Investor Queries: Media: For personal use only MATTHEW ALLEN MATTHEW GERBER OR RICHARD GLASS Managing Director & CEO CITADEL - MAGNUS Specialist in Corporate and OTTO ENERGY LIMITED Financial Communication Ph: +61 8 6467 8800 Email: info@ottoenergy.com Ph: +61 8 6160 4900 Email: mgerber@citadelmagnu
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