Otto Energy Limited · ASX:OEL
Otto Energy — Excellence in Oil and Gas Sydney 2010
14 slides from Otto Energy's conference presentation, Apr 20, 2010
Slide 1: Excellence in Oil and Gas Presentation
20 April 2010 For personal use only Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000 By E‐Lodgement EXCELLENCE IN OIL AND GAS PRESENTATION Please find attached the presentation to be provided by Otto Energy Limited’s (ASX: OEL) Chief Executive Officer, Mr Paul M
Slide 2: Excellence in Oil and Gas, Sydney 2010
For personal use only EXCELLENCE IN OIL AND GAS SYDNEY 2010 Paul D Moore CEO
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‐look
Slide 4: Company Overview – Asset Base
Company Overview – Asset Base For personal use only Details • 18.78% indirect interest • First Oil ‐ October 2008 Galoc Oil Field • 4.5 million bbls (gross) produced to date Philippines • Current production rate ~10,000 bopd • Phase 2 development evaluation ongoing • 35% interest • Otto’s second pro
Slide 5: Capital Structure
Capital Structure For personal use only Capital Structure Shareholders Fully paid ordinary shares 1 070 2m 1,070.2m Molton Holdings 19 7% 19.7% Unlisted options1 116.6m Santo Holdings 19.7% Performance shares2 2.5m Directors 5.7% Shareholders ~3,900 Market capitalisation3 $118m Cash (at 31 March 201
Slide 6: Reserves, Resources and Exploration
Reserves, Resources and Exploration For personal use only Developing Reserves And Resources Prospect And Lead Inventory Otto Net 2P Reserves plus 2C Resources Licence Working Area Prospects/ (MMboe) Interest (km2) Leads As at 30 June 2009 9.00 Philippines 8.00 SC14C (Galoc) 18.78%1 163 3 7.00 6.00 S
Slide 7: Galoc Oil Field – Production Performance
Galoc Oil Field – Production Performance For personal use only Interest Gross Daily Oil Production • 18.8% indirect interest in Galoc Oil Project Galoc Daily Oil Production • Held through 31.4% shareholding in GPC 20,000 5,000,000 Oil Production 4,500,000 • Operator ‐ Galoc Production Company (GPC)
Slide 8: Edirne Gas Fields – Second Producing Asset
Edirne Gas Fields – Second Producing Asset For personal use only Technical/Operational Phase 2 Exploration/Appraisal drilling • Connection to Botas grid completed • Six well drilling campaign ongoing. • First sales gas produced 8 April 2010 • 3 discoveries to date • Seismic Acquisition resumes in Ma
Slide 9: Philippines Exploration
Philippines Exploration For personal use only Major Upside Potential Across Multiple Licences Philippines Permits Permit Description p Otto Workingg Interest SC55 Deepwater Palawan 85% SC51 East Visayan basin 80% SC69 East Visayan basin 70% SC14C Galoc block 18.8% SC50 Calauit NW Palawan 85% 19.Apri
Slide 10: Philippines Exploration: SC55
Philippines Exploration: SC55 For personal use only SC55 Prospects And Leads Interest • 85% working interest Exploration Program • 600 km2 of 3D seismic acquired Jan 2010, over Hawkeye prospect • BHPB seismic acquisition & farm in option agreement • 1,800 km2 3D seismic program completed • Processin
Slide 11: Philippines Exploration: SC51
Philippines Exploration: SC51 For personal use only SC51 Prospects and Leads SC51 • 80% working interest Vilaba Gas Discovery SC51 North • Argao Prospect in 230m water Maya Field • 3D recorded in 2007 • Drill‐ready prospect Libertad Field • Targetting 100 mmbls POS +/‐ 20% • Seeking partners for dri
Slide 12: Philippines Exploration: SC69
Philippines Exploration: SC69 For personal use only SC69 • 70% workingg interest • Proven petroleum system • Large reef structures • Significant Si ifi t Information, I f ti Ed Education ti and d Communication C i ti campaign i with DOE and local communities • 2D seismic acquisition (900 line kms) c
Slide 13: 2010 Activities
2010 Activities For personal use only Production in 2010 Forward Activities • Galoc 0.4 mmbbls (net) • Turkey ~ 1.3 Bcf (0.23 mmboe) (net) Development • Galoc production upgrade • Commit to Galoc Phase 2 Exploration + static resources • Turkey Phase 2 exploration • Philippines farm downs • Philippin
Slide 14: Summary
Summary For personal use only Strategic focus: • Production: • Maximise value from Galoc oil project • Commercial production delivered from Edirne gas project • Development: • Explore/appraise in and near field to extend production in Galoc and Edirne projects • Consider possible expansion at Edirne