Otto Energy Limited · ASX:OEL
Otto Energy — Ottoman Energy — Shareholder Meeting (August 2006)
26 slides from Otto Energy's shareholder meeting presentation, Aug 18, 2006
Slide 1: General Meeting Presentation
18 August 2006 Manager of Company Announcements Australian Stock Exchange Limited Level 6, 20 Bridge Street SYDNEY NSW 2000 By E-Lodgement GENERAL MEETING PRESENTATION Please find attached the presentation for the General Meeting held today at the QVI Building, Training Room 1, 250 St Georges Terrac
Slide 2: Ottoman Energy
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Slide 4: Disclaimer
DISCLAIMER 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 Ottoman Energy Ltd. (the “Company’). This presentation contains forward-looking statements that ar
Slide 5: Corporate
CORPORATE Rick Crabb - Chairman Jaap Poll - Managing Director lan Macliver - Director David Riekie - Director Nicki Telfer — Secretary Rufino Bomasang — Chairman NorAsian ASX listing Dec 04 (Code: OEL) Website www.otfomanenéeray.com Australian Office — West Perth, Western Australia — Corporate Advic
Slide 6: Capital Structure
CAPITAL STRUCTURE Shares Options Performance (20c/1 Dec 06) Shares Issued 58,096,250 37,491,250 2,500,000 Rights Issue 1:2. 29,048,125 14,524,062 100% NorAsian 15,000,000 7,500,000 102,144,375 59,515,312 2,500,000 Note: 2 Mshares + 1 M options (20c, 1/12/06) on re-entry of Calauit and 10 M shares +
Slide 7: Corporate Structure
CORPORATE STRUCTURE Ottoman Australian Public Company (ASX listed - OEL) 100%* 32.48% (Option to 41.24%) 65-80%, subject to completion of NorAsian acquisition
Slide 8: Turkey Project Overview
Turkey PROJECT OVERVIEW a 4 a ‘Trans European Motorway Main Roads
Slide 9: Thrace Basin - Edirne Licence
Turkey THRACE BASIN - EDIRNE LICENCE off BAT! UMUR & cctenichavay \Seetictne 9 Frese utine RESERVOIR DEPTH MAP SD Prospxscatiog — Sebiine
Slide 10: Thrace Basin - Edirne Licence
Turkey THRACE BASIN - EDIRNE LICENCE AR/PTK-MER/3839 (EDIRNE) New Prospects Bati Umur-1 gas discovery
Slide 11: Bati Umur-1 gas discovery
Turkey THRACE BASIN - EDIRNE LICENCE Bati Umur-1 gas discovery Dec. 2006
Slide 12: The Philippines Project Overview
THE PHILIPPINES PROJECT OVERVIEW SOUTH CHINA
Slide 13: The Philippines - Selection Criteria
THE PHILIPPINES SELECTION CRITERIA | # Why offshore Philippines? proven hydrocarbon provinces with nearby energy markets a well respected management team of Philippine nationals in Manila low sovereign risk (Shell operates largest oil/gas field) renewed interest by foreign companies Ottoman is acqui
Slide 14: Calauit Oil Field
THE PHILIPPINES CALAUIT OIL FIELD Nghe pale SOUTH CHINA Calauit SC50, Showing Regional Oil & Gas Fairway
Slide 15: Calauit - Key Statistics
THE PHILIPPINES CALAUIT — KEY STATISTICS OIP MMbblis Fracture Matrix TOTAL Recoverable MMbbis Fracture Matrix TOTAL P90 5.78 8.00 13.35 1.06 0.27 1.56 P50 11.26 23.94 35.73 TARGETED PRODUCTION PROFILE Reservoir simulation by Dr Andrew Wadsley Qi Q2 Q3 Q4 (2"4 well) Barrels 827,000 656,000 465,000 80
Slide 16: Calauit Field - Well Simulation Study
CALAUIT FIELD — 3 Well Simulation St id Dr. Andrew Wadsley - Curtin University {OPR, WPR) Production Rate bbi/d OPT Cumulative Oil Production (MMbb1) Three Weil Development O# Production Profile (Oil Gravity 23.7 APH OPR «ail pradietion rave; FPR © weter prodkctioi raiv: OPT « cunntelative vil pendu
Slide 17: Prospect Details
THE PHILIPPINES PROSPECT DETAILS Fe Gas dismvery HE OS 42s discovery WNSAYA SEA VILLABA-1/1ST ox BOHOL SEA East Visayan Basin SC51 - Licence Location Map x & 8 & a me a Visayan Sasin wee 8 FATHAA PROSPECT TAOG PROSPECT A COMPOSITE SEISMIC SECTION through Villaba Gas Discovery & adjacent reefs CANTIC
Slide 18: Cabilao Reef Prospect
THE PHILIPPINES CABILAO REEF PROSPECT Be CARCAR w ¢ = BAHAY z : z SEISMIC SECTION SC 51 Seismic Section showing Argao & Cabilao Prospects SC51, Cebu Block with hydrocarbon indicators (“bright spots”) - Prospect Map
Slide 19: Prospect Details (cont.)
THE PHILIPPINES PROSPECT DETAILS (com, if Hee 023-29A Tia TE ERE BBE TET ee p00 - (co BULU SEA Reef prospect © Gare = Gas Bcondeisale Aye Seiic ine i SC55, Ultra Deep Water Blocks Giant Marantao Reef Prospect (5 x Malampaya size) multiple play-types & leads with gas chimney and seabed oil and gas se
Slide 20: Seismic Program
Seismic Program Total = 400 km. Depth Map C.1. =100 meters | 4060000 404000041 1035000-4 525000 s3d0c0 835000 840000 © sas000 580000
Slide 21: SC55 Ultra Deep Water License
ead Sc 55 Ultra Deep Water f License M P Ultra Deep Water | Discoverles 4 Offshore Malaysia |, Malampaya Gas Complex Shell/Conoco Phillips discovery SCALE TORNEO Senco HN | $C 55 is the only Deep Water Contract awarded in the Philippines. The Blocks lie in) the main oil fairway on trend with Malampa
Slide 22: Argentina Project Overview
ARGENTINA PROJECT OVERVIEW sii) PRODUCING OIL BASINS|_ F ARGENTINA | ‘Syl Magaltanes! ey Basin
Slide 23: Cuyana Basin & Santa Rosa Dome
ARGENTINA CUYANA BASIN & SANTA ROSA DOME Basin Centre PRODUCING ON. FIELDS ‘ 4 7000m oi NG WEST ‘On _ cas MIGRATING EAST “SANTA ROSA BLOCK Santa Rosa Dome Conceptual profile showing source beds in blue, location of existing oil fields in western part of basin and likely migration paths eastwards tow
Slide 24: Summary
SUMMARY Ottoman has built a balanced E&P portfolio in proven oil & gas basins « LOW RISK - GOOD REWARD * Onshore Thrace Basin Licences — high gas prospectivity, first well gas discovery, 2006/07 farmout carry 15% for A$3m, seismic and drilling in 2006/07 aiming for gas commerciality and production i
Slide 25: Company Objectives
COMPANY OBJECTIVES * Ottoman aims to create wealth for shareholders from exploration and production activities worldwide, through: Investments in proven oil provinces with existing infrastructure, good legal and commercial framework and acceptable sovereign risk Working towards early cash-flow to su
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