Otto Energy Limited · ASX:OEL
Otto Energy — Investor Presentation (April 2015)
23 slides from Otto Energy's investor presentation, Apr 20, 2015
Slide 1: ASX Announcement – Investor Presentation
20 April 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-listed oil and gas company with a ASX ANNOUNCEMENT – INVESTOR PRESENTATION strategy to grow an integrated petroleum business through high i
Slide 2: 2015 High Impact Exploration Drilling
2015 High Impact For personal use only Exploration Drilling INVESTOR PRESENTATION April 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 100% cash backed with fully carried exploration well in Q3 2015 For personal use only Strong Financial Position Philippines Exploration Tanzania Exploration > US$102M IN CASH AND FREE CARRIED, HIGH NEW, HIGHLY PROSPECTIVE DEBT FREE IMPACT EXPLORATION FRONTIER REGION WELL DRILL
Slide 5: Capital Return to Shareholders
Capital Return to Shareholders For personal use only F Otto proposes to pay a capital return to shareholders of A$0.064 per share in cash F Capital return allows Otto shareholders to participate in substantial upside delivered from the divestment transaction completed in February 2015 F Capital retu
Slide 6: Focused Strategy
Focused Strategy For personal use only Otto’s strategy to be an integrated petroleum company remains unchanged. We will continue to build shareholder value through successful exploration, which we aim to convert into production. CREDIBLE PHILIPPINES EAST AFRICA RIFT STRONG CAPITAL EXPERIENCED STRATE
Slide 7: 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 8: Philippines SC55 (Otto 78.18% Operator)
For personal use only Philippines SC55 (OTTO 78.18% OPERATOR) 7
Slide 9: 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 10: Free carried on high impact exploration: 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 11: 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 12: 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 13: SC55 Additional Leads Post Hawkeye/Cinco
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 SC55 SW Palawan SC 55 Area = 9
Slide 14: Tanzania (Otto 50% WI)
For personal use only Tanzania (OTTO 50% WI) 13
Slide 15: 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 16: 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 17: 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 18: Kito prospect best estimate 60.4 MMbbl Net Prospective Resource
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 19: Additional Information
For personal use only Additional Information 18
Slide 20: Strong Capital Structure: 100% Cash backed with Free-Carried Exploration
Strong Capital Structure: 100% Cash backed with Free-Carried Exploration For personal use only Otto is fully cash backed with a free-carried, high impact exploration well to be drilled in Q3 2015 % Market Capitalisation in Cash 150% 100% 50% 0% -50% -100% -150% Tap Oil Ltd Horizon Oil Ltd Kina Petro
Slide 21: Experienced Board & Management Team
Experienced Board & Management Team For personal use only Rick Crabb – Chairman. Matthew Allen – Chief Executive Officer. 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 Australi
Slide 22: 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 21
Slide 23: Investor Queries
Investor Queries: Media: For personal use only MATTHEW ALLEN MATTHEW GERBER OR RICHARD GLASS Chief Executive Officer MAGNUS Corporate and Financial Communication OTTO ENERGY LIMITED Ph: +61 8 6467 8800 Ph: +61 8 6160 4900 Email: info@ottoenergy.com Email: mgerber@magnus.net.au rglass@magnus.net.au O