Otto Energy Limited · ASX:OEL
Otto Energy — Investor Presentation (July 2013)
19 slides from Otto Energy's investor presentation, Jul 4, 2013
Slide 1: Otto at a Glance
4 July 2013 Manager of Company Announcements For personal use only ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000 OTTO AT A GLANCE By E-Lodgement • ASX-listed oil and gas company with a strategy to grow its integrated oil and gas ASX ANNOUNCEMENT – INVESTOR PRESENTATION business across explor
Slide 2: Investor Update July 2013
For personal use only ASX : OEL Investor Update July 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: Capital Structure & Shareholders
Capital Structure & Shareholders For personal use only Capital Structure Fully paid ordinary shares 1.14b Unlisted options1 21.75m Performance Rights 33.70m Market capitalisation2 $81m Cash (at Mar 2013) US$23.1m Debt (at Mar 2013) 3 Nil Shareholders Molton Holdings 21.3% Santo Holdings 21.3% Acorn
Slide 5: Opportunity Focus: South East Asia and East Africa
Opportunity Focus South East Asia and East Africa For personal use only Philippines – Palawan Shelf and Visayan Basin •Production and development SC14C (Galoc oil field / 33% WI and operator) •Exploration SC55 (Cinco and Hawkeye Prospects / 33.18% WI) SC51 (Duhat-2 prospect / 80% WI and operator)
Slide 6: Explore, Develop & Produce: Philippines Business Spans EDP Lifecycle
Explore, Develop & Produce Philippines Business Spans EDP Lifecycle 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 Cove
Slide 7: Production – Galoc Phase I
Production – Galoc Phase I OEL 33% W.I. (Operator) For personal use only • Reliable production: 4,500 BOPD, >98% uptime, 10.6 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 • FPSO positione
Slide 8: 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 4,500 BOPD will increase to ~12,000 BOPD • Milestones reached and project ti
Slide 9: 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 10: 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 • Condensate: 670 MMbbls Clastic Prospect • Cinco Prospect (analogous to Malampaya field
Slide 11: SC51 Duhat Well
Exploration – SC51 Duhat Well OEL 80% W.I. (Operator) For personal use only • Executed detailed 150 line km 2D seismic during 2012 to confirm Duhat structural integrity and size • Duhat-2 to commence drilling in late July 2013 • Mean prospective resource estimate of 34MMbbls and potential upside of
Slide 12: SC51 Duhat Well (con't)
Exploration – SC51 Duhat Well (con’t) OEL 80% W.I. (Operator) For personal use only • Well to target a robust 13 km2 onshore prospect with adjacent follow up potential • Presence of an active and recent oil generative basin confirmed by adjacent seeps and shot hole oil • Seal and reservoir observed
Slide 13: SC51 Duhat Well (con't)
Exploration – SC51 Duhat Well (con’t) OEL 80% W.I. (Operator) For personal use only • Rig capacity and logistics key to successful drilling campaign. • Significantly upgraded rig specs for DESCO Rig 30 following Duhat-1 well experience in 2011 e.g. 350,000 lbs hookload capacity versus 94,000 lbs. •
Slide 14: 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 15: Onshore East Africa
Exploration Onshore East Africa For personal use only Lockichar Basin Numerous oil discoveries Lake Albert Numerous oil discoveries Pangani Kilosa- Kilombero Legend Wells Seepages Gas Discovery Gas Oil Discovery Oil Major faults 14
Slide 16: Pangani Licence – Entered Year
Pangani Licence – Entered Year 2 For personal use only PANGANI PSA • 17,156 square kilometres • A potential arm of a triple point junction on the eastern branch of the East African Rift System • Work program completed in 2012: airborne gravity and/or magnetic surveying, satellite and photogeology wo
Slide 17: Kilosa-Kilombero Exploration – Entered Year
Kilosa-Kilombero Exploration – Entered Year 2 For personal use only KILOSA-KILOMBERO PSA • 17,675 square kilometres • The Cenozoic rifting may be linked with the greater (western) rift system of the East Africa Rift • May contain several thousand metres of prospective sediment fill • Work program co
Slide 18: Otto Energy Price Catalysts for 2013
Otto Energy Price Catalysts for 2013 For personal use only Galoc Phase II Offshore Commenced drilling in June 2013 with first oil scheduled for November Oil Development 2013. (SC14C) OEL 33% W.I. (operator). Duhat Onshore Oil 2D seismic survey complete in 2012, well planning underway and on Explorat
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