Otto Energy Limited · ASX:OEL
Otto Energy — Investor Presentation (January 2013)
19 slides from Otto Energy's investor presentation, Jan 30, 2013
Slide 1: ASX Announcement – Investor Presentation / Otto at a Glance
30 January 2013 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 its integrated oil and gas Please find attach
Slide 2: Investor Presentation February 2013
For personal use only ASX : OEL Investor Presentation February 2013 Chief Executive Officer – Gregor McNab
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 Ltd (the “Company”). This presentation contains forward-looking
Slide 4: Price Catalysts for 2013
Otto Energy Price Catalysts for 2013 For personal use only Galoc Phase II Offshore Project sanction August 2012, running within budget and on schedule for Oil Development first oil in 2H 2013. (SC14C) OEL 33% W.I. (operator). Duhat Onshore Oil 2D seismic survey complete in 2012, well planning underw
Slide 5: Strategy & Performance
Otto Energy Strategy & Performance For personal use only Clear Strategy Growing an integrated business across exploration, development and production. Focus on SE Asia and onshore East Africa. Strong Financials Cash, production revenue, farm-in deal and debt facility deliver funding for committed pr
Slide 6: Capital Structure & Shareholders
Capital Structure & Shareholders For personal use only Capital Structure Fully paid ordinary shares 1.13b Unlisted options1 27.25m Performance Rights 27.00m Market capitalisation2 $120m Cash (at Dec 2012) US$19.3m Debt (at Dec 2012) 3 Nil Shareholders Molton Holdings 21.3% Santo Holdings 21.3% Acorn
Slide 7: Board & Management
Board & Management For personal use only Board of Directors Management Chairman – Rick Crabb BJuris (Hons), LLB, MBA Chief Executive Officer – Gregor McNab BSc (Hons) Chairman of Paladin Energy, Golden Rim & Ashburton Minerals. Oil & gas experience gained over 29 years, based in Europe, Asia, North
Slide 8: Activity Pipeline
Activity Pipeline For personal use only APPRAISAL/ NEW BUSINESS EXPLORATION PRODUCTION DEVELOPMENT East Africa: Palawan Exploration: Galoc Oil Field Phase II: Galoc Oil Field: Actively screening SC14C – Galoc: 2 wells in 2013 for ~8 MMbbl Production to date 10 MMbbl opportunities - Galoc Expl
Slide 9: 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 km 2 SC 69 79% WI 5280 km2 SC 51 North 80% WI 1660 km 2 Uno Cinco Hawkeye SC 55 33.18% WI 9880 km2 Otto Energy Acreage 3D Seismic Coverage Kebabangan &
Slide 10: Production – Galoc Phase I
Production – Galoc Phase I OEL 33% W.I. (Operator) For personal use only • Reliable production: 5,000 BOPD, >98% uptime, 10.0 MMbbl produced to date (gross) • Cash flow provides funds for growth o • Marketable product: 35 API oil, low sulphur crude easily placed into regional market, consistently ac
Slide 11: Development – Galoc Phase II
Development – Galoc Phase II OEL 33% W.I. (Operator) For personal use only • Overview - Drill two additional subsea wells (OEL capex US$62m) - Will deliver ~8 MMbbl of additional reserves - Current total field production of 5,000 BOPD will increase to over 12,000 BOPD - Field life extended • Milesto
Slide 12: Exploration – Galoc Potential
Exploration – Galoc Potential OEL 33% W.I. (Operator) For personal use only • Significant work completed to build understanding of subsurface issues - High resolution 3D seismic data acquired January 2012 - Detailed geological and reservoir modelling completed Q4 2012 - High confidence in northern G
Slide 13: Exploration – SC55 Ultra Deepwater
Exploration – SC55 Ultra Deepwater OEL 33.18% W.I. (BHPB Operator) SC 55 For personal use only • Total unrisked potential Mean Recoverable Resources (Nido level carbonates only): Carbonate Prospect • Gas: 19 Tcf Clastic Prospect • Condensate: 670 MMbbls • Cinco Prospect (analogous to Malampaya field
Slide 14: Exploration – SC51 Duhat Well
Exploration – SC51 Duhat Well OEL 80% W.I. (Operator) For personal use only • Executed 150km 2D seismic survey in 2012 with leads identified • Work plan and budget for Duhat-2 approved by joint venture partners • Currently securing rig • Duhat-2 to be drilled in mid 2013 (US$6m net cost to OEL) • Me
Slide 15: Exploration – SC69 Maturing Prospects
Exploration – SC69 Maturing Prospects OEL 79% W.I. (Operator) For personal use only OEL WI 79% Lampos Lampos South 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
Slide 16: Onshore East Africa
Onshore East Africa Discoveries since 2000 For personal use only 2000-2005 Lake Albert 2Bbbls oil discovered May 2012 Ngamia-1 100m net oil Nov 2012 Twiga-1 30m net oil 2012 Mbawa-1 50m net gas Feb 2012 Otto Acquires 50% interest in 34,000 sq km onshore Tanzania 2011-12 c.17TCF gas discovered 2010-1
Slide 17: Exploration – Entering Year Imminent
Exploration – Entering Year 2 Imminent OEL 50% W.I. (Swala Operator) For personal use only KILOSA-KILOMBERO PSA PANGANI PSA • 17,675 square kilometres • 17,156 square kilometres • The Cenozoic rifting may be linked with the • A potential arm of a triple point junction on the eastern greater (western
Slide 18: Otto Energy - Summary
Otto Energy - Summary For personal use only Clear Strategy Growing an integrated business across exploration, development and production. Focus on SE Asia and onshore East Afirica. Strong Financials Cash, production revenue, farm-in deal and debt facility deliver funding for committed programme. Ope
Slide 19: 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 18