Otto Energy Limited · ASX:OEL
Otto Energy — Shareholder Meeting (November 2024)
14 slides from Otto Energy's shareholder meeting presentation, Nov 29, 2024
Slide 1: ASX Release: AGM CEO Presentation
29 November 2024 ASX RELEASE AGM CEO PRESENTATION Otto Energy Limited (ASX: OEL) (Otto or the Company) advises that it has today released a CEO presentation for the 2024 AGM. A copy of the presentation is appended to this release. Additional information can be found on the Company’s website at www.o
Slide 2: 2024 AGM CEO Update
2024 AGM CEO UPDATE ASX: OEL
Slide 3: Disclaimer and important notices
Disclaimer and important notices Forward Looking Statements This presentation contains "forward-looking statements" that are subject to risk factors that are associated with the oil and gas business. It is believed that the parameters reflected in these statements are reasonable, but they may be aff
Slide 4: Otto Energy – Corporate Information
Otto Energy – Corporate Information Capital Structure Share Price Chart 150,000,000 20.00 Shares on issue 4,795 M Share price (30 Sep 2024) A$ 0.013 0.00 100,000,000 Options (30 Jun 2024) 0M (20.00) Market capitalisation A$62.3 M 50,000,000 (40.00) 0 (60.00) Liquidity Composition Nov-23 Dec-23 Jan-2
Slide 5: Otto Energy – Producing Fields
Otto Energy – Producing Fields Otto Energy is an ASX-listed oil and gas exploration and production company focused on the Gulf of Mexico and US Gulf Coast Region The company’s current focus lies on its existing asset footprint only, aiming to further reduce costs and maximise returns to sharehol
Slide 6: FY 24 Financial Results
REVENUE O P E R AT I N G G R O S S P R O F I T FY 24 US$20.4m US$13.7m Financial Net Operating Revenue Results ADJUSTED EBITDA* CASH BUILD US$9.8m US$14.6m NET INCOME (LOSS) US($1.2m) US($1.7m) Net Loss before tax ** Net Loss after tax ** CASH FLOW US$7.8m US$14.3m Net operating cashflow Free cashfl
Slide 7: FY 24 – Financial Highlights
FY 24 – Financial Highlights LIQUIDITY POSITION $40.5m $0 m $0 $0 (30 June 2024) Cash Balance PANR stock value Debt Hedge-free LIQUIDITY POSITION $25.9m $0.5m $0 $0 (30 June 2023) Cash Balance PANR stock value Debt Hedge-free Net Operating Revenue Net Reserves 30 June 2024 1P and 2P 25 2000 1800 20
Slide 8: Otto Energy – Strategy
Otto Energy – Strategy Commercial Strategy Overview: ‒ Focus on Existing Asset Footprint only (SM 71, Lightning, GC 21, MBW and OBS) ‒ Optimize cash flow from Existing Asset Footprint - maximize revenues, minimize controllable LOE ‒ Selective and Disciplined Future Capital Investment funded from c
Slide 9: SM 71 Field
SM 71 Field Federal Offshore Gulf of Mexico shelf in 137 feet of water South Marsh Island 71 Ownership Working Interest (WI): 50.0% Net Revenue Interest (NRI): 40.6% Operator Byron Energy Wells Well Spud Reservoir Depth (MD) F1 April 2016 D5 7,477 feet F5-ST-BP Oct 2024 D5 7,219 feet Production (WI)
Slide 10: Lightning Field
Lightning Field Onshore Matagorda County, Texas Lightning Ownership Working Interest (WI): 37.5% Net Revenue Interest (NRI): 27.8% Operator Hilcorp Wells Well Spud Reservoir Depth (MD) Green #1 Feb 2019 Tex Miss (Oligocene) 15,218 feet Green #2 Oct 2019 Tex Miss (2/3) 15,121 feet Production (WI) FY
Slide 11: Green Canyon 21
Green Canyon 21 Gulf of Mexico in 1,200 feet of water Green Canyon 21 Ownership Working Interest (WI): 16.7% Net Revenue Interest (NRI): 13.3% Operator Talos Energy Wells Well Spud Depth (MD) Bulleit May 2019 9,870 feet (DTR-10) Production (WI) FY 2024: 128 Boepd Net Reserves 1P 0.1 MMBoe 2P 0.15 MM
Slide 12: Mosquito Bay West and Oyster Bayou South
Mosquito Bay West and Oyster Bayou South Offshore Terrebonne Parish - Louisiana Mosquito Bay West and Oyster Bayou South Ownership Working Interest (WI): 30.0% Mosquito Bay West NRI: 22.4% Oyster Bayou South NRI: 22.7% Operator Castex Energy Wells Well Spud Depth (MD) Mosquito Bay West May 2022 14,8
Slide 13: Valuation Build-Up: Australian Cents Per Share
Valuation Buildup 1 July 2024 OEL (ASX) Share Price Valuation Build-Up Cash Plus Ryder Scott Reserves * 4 3P Equivalent Total: A$0.035 3.5 3 Australian Cents Per Share 2.5 2 1.5 Share price: A$0.013 As at 30 September 2024 1 0.5 0 Cash At Bank Proven Reserves PV 15 Probable Reserves PV 15 Possible R
Slide 14: Thank You
Thank You 13