Otto Energy Limited · ASX:OEL
Otto Energy — Investor Presentation (March 2014)
18 slides from Otto Energy's investor presentation, Mar 11, 2014
Slide 1: ASX Announcement – Otto at a Glance
11 March 2014 Manager of Company Announcements For personal use only ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000 OTTO AT A GLANCE By E-Lodgement • ASX-listed oil and gas company with a strategy to grow its integrated oil and gas ASX ANNOUNCEMENT – INVESTOR PRESENTATION business across expl
Slide 2: Otto Energy Investor Presentation March 2014
For personal use only ASX : OEL Otto Energy Investor Presentation March 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 • Reliable production operations since successful FPSO & Oil (bopd) Galoc Daily Oil Production mooring upgrade in early 2012 - >98% uptime 16,000 Phase II start-up • Current production of >3,200 BOPD (net O
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 currently re-acquiring 60% WI due to BHPB decision to exit Philippines1 Carbonate Prospect Status • Will result in Otto with 93.18% interest • Current sub-phase commitment to drill 1 Cla
Slide 7: Tanzania: Otto Position and Exploration History
Tanzania (Otto 50% WI): Otto Tanzania Position 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 and Afri
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: Seismic indicates Kilombero Basin is 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 Neogene- Airb
Slide 10: Kilombero Basin exhibits similar 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
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 >3,200 bopd plus 3.8mmboe 2P reserves as at 31 December 13 (
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: Additional Information
For personal use only ASX : OEL Additional Information 13
Slide 15: 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 16: 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 17: 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 18: 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