Otto Energy Limited · ASX:OEL
Otto Energy — Excellence in Oil & Gas Conference 2008
20 slides from Otto Energy's conference presentation, May 27, 2008
Slide 1: Excellence in Oil and Gas Conference Presentation
For personal use only 27 May 2008 HIGHLIGHTS • Strong board and management. Excellence in Oil and Gas Conference- Presentation • World class portfolio across Please find attached a copy of Otto Energy Limited (ASX: OEL) 4 countries. presentation at the Excellence in Oil and Gas Conference in Sydney.
Slide 2: 2008: Year of the Otto
For personal use only 2008: YEAR OF THE OTTO ASX Code: OEL Excellence in Oil & Gas May 26-27 2008 1
Slide 3: Who is Otto Energy?
Excellence in Oil & Gas Conference Presentation 2 May 2008 WHO IS OTTO ENERGY? For personal use only • Dynamic company with an excellent asset portfolio and significant growth th potential t ti l • Very strong, experienced board and management team to drive growth from explorer to producer; and from
Slide 4: Current Areas of Interest
Excellence in Oil & Gas Conference Presentation 3 May 2008 CURRENT AREAS OF INTEREST For personal use only NON-OPERATED OPERATED ITALY Onshore Gas in Po Valley TURKEY PHILIPPINES Onshore Gas in Thrace Offshore Oil & Gas Basin ARGENTINA Onshore Oil in Santa Rosa PERTH, AUSTRALIA Head Office • Otto is
Slide 5: Capital Structure
Excellence in Oil & Gas Conference Presentation 4 May 2008 CAPITAL STRUCTURE For personal use only SHARES UNLISTED OPTIONS ISSUED 477 273 864 477,273,864 ~41,700,000** 41 700 000** MARKET CAP ~A$230 @ 48 cps CASH (30 APRIL 2008) ~A$20m*** and Galoc debt of ~ A$24 million Note: • Not included: 2m sha
Slide 6: Board
Excellence in Oil & Gas Conference Presentation 5 May 2008 BOARD For personal use only RICK CRABB RUFINO BOMASANG JAAP POLL IAN MACLIVER JOHN JETTER CHAIRMAN DIRECTOR DIRECTOR DIRECTOR DIRECTOR (NON - EXECUTIVE) (NON - EXECUTIVE) (NON - EXECUTIVE) (NON - EXECUTIVE) (NON – EXECUTIVE) B JURIS (HONS) L
Slide 7: Corporate Highlights 2007 - 2008
Excellence in Oil & Gas Conference Presentation May 2008 CORPORATE HIGHLIGHTS 2007 - 2008 For personal use only Since the conference last year year... • Increased market cap from A$60m to ~A$200m • Raised profile in the market and demonstrated support for our strategy by successfully raising signifi
Slide 8: Portfolio Highlights 2007 - 2008
Excellence in Oil & Gas Conference Presentation May 2008 PORTFOLIO HIGHLIGHTS 2007 - 2008 For personal use only Since S ce tthe e co conference e e ce last ast yea year... Have successfully grown our portfolio, private company acquisitions, farm- ins ne ins, new co country ntr entries and exposure e
Slide 9: Goals for 2008 and Beyond
8 GOALS FOR 2008 AND BEYOND For personal use only Focus will be to increase shareholder value Realisation of asset value 1. Getting the current development assets to production. 2 2. Farming out and drilling of key prospects whilst retaining meaningful project equity interests. 3. Acquire further se
Slide 10: Current Areas of Interest
Excellence in Oil & Gas Conference Presentation 9 May 2008 CURRENT AREAS OF INTEREST For personal use only NON-OPERATED OPERATED ITALY Onshore Gas in Po Valley TURKEY PHILIPPINES Onshore Gas in Thrace Offshore Oil & Gas Basin ARGENTINA Onshore Oil in Santa Rosa PERTH, AUSTRALIA Head Office • Otto is
Slide 11: Philippines Acreage
Excellence in Oil & Gas Conference Presentation 10 May 2008 PHILIPPINES ACREAGE For personal use only High Equity Equity, High Quality Quality, High Potential SC50 (OTTO 85%) • Calauit Oil Field: under appraisal with potential for development in 2009 Gross 2P Reserves of 5.9 MMbbls SC51 (OTTO 80%) •
Slide 12: Galoc SC14C (18.28%)
Excellence in Oil & Gas Conference Presentation 11 May 2008 GALOC SC14C (18.28%) For personal use only Otto has an indirect 18.28% interest in the Galoc oil field through acquisition of a 32% shareholding in the field operator, Galoc Production Company (GPC) • Expect to commence production in June 2
Slide 13: Galoc Oil Field
Excellence in Oil & Gas Conference Presentation 12 May 2008 GALOC OIL FIELD For personal use only GCA CERTIFIED GROSS RESERVES FOR GALOC 1st Phase 2nd Phase 1P 9.7 MMstb 3P 41.9 MMstb 2P 23.5 MMstb Galoc-3 Energy Searcher Flaring Gas (20 February 2008)
Slide 14: Non-Operated Assets
Excellence in Oil & Gas Conference Presentation 13 May 2008 NON-OPERATED ASSETS For personal use only These projects are low maintenance, regular exploration drilling and provide low risk / low cost incremental growth. TURKEY • Low cost exploration and development project, good fiscal regime. • Otto
Slide 15: Operated Assets: Prospects & Leads
Excellence in Oil & Gas Conference Presentation May 2008 OPERATED ASSETS PROSPECTS & LEADS – FOLLOW UP POTENTIAL For personal use only
Slide 16: Non Operated Assets: Prospects & Leads
Excellence in Oil & Gas Conference Presentation May 2008 NON OPERATED ASSETS PROSPECTS & LEADS – FOLLOW UP POTENTIAL For personal use only ?? Gazzata Prospect Gas Field ed Oil Field Gas Field Rubiera Gas Field
Slide 17: Indicative Value Per Share
Excellence in Oil & Gas Conference Presentation 16 May 2008 INDICATIVE VALUE PER SHARE For personal use only (MID RESERVE CASE NPV10 NPV10, US$100/STB) Country/Permit Project Project Maturity NPV/share Risked NPV/share Philippines – SC14C Galoc Phase 1 Under Development $0.23 $0.23 Philippines – SC1
Slide 18: Where to from here
Excellence in Oil & Gas Conference Presentation May 2008 Where to from here… For personal use only • Testing of wells in Turkey April-June 08 - 4 discoveries • Commence production at Galoc in June 08 1ST CASH FLOW • Farm-out of Philippines projects H2 2008 • Develop e e op a andd firm up work o p pr
Slide 19: Otto is strategically placed with...
Excellence in Oil & Gas Conference Presentation May 2008 Otto is strategically placed with... For personal use only • funding f di via i imminent i i t production d ti • Strong management and experienced technical team • highly prospective asset portfolio • an active exploration program Together, wi
Slide 20: Disclaimer
Excellence in Oil & Gas Conference Presentation 19 May 2008 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 y securities. It is not to be distributed to third parties p without the consent of Otto Energ
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