Otto Energy Limited · ASX:OEL
Otto Energy — Shareholder Meeting (November 2023)
11 slides from Otto Energy's shareholder meeting presentation, Nov 30, 2023
Slide 1: 2023 AGM CEO Update
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Slide 2: 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 targets reflected in these statements are reasonable, but they may be affect
Slide 3: Otto – Plans to return up to A$40.0 million to shareholders
Otto – Plans to return up to A$40.0 million (A$.008 per share) to shareholders CAPITAL STRUCTURE LIQUIDITY POSITION SHARE REGISTER COMPOSITION Shares on issue 4,795 M Cash (30 Sept 2023) US$32.3 M Strategic 48% Share price (20 Nov 23) A$ 0.017 PANR stock 2 (30 Sept 2023) US$1.4 M Retail Investors 43
Slide 4: FY 23 Financial Results
REVENUE FY 23 US$33.4m US$27.5m Net Operating Revenue Operating Gross Profit Financial Results ADJUS T E D E BI T DAX / E BI T DA* US$19.3m US$16.4m Adjusted EBITDAX * Adjusted EBITDA * NET INCOM E (LOSS) US($9.9m) US($7.0m) Net Loss before tax ** Net Loss after tax ** CAS H FLOW US$19.8m US$1.5m Ne
Slide 5: FY 23 – Financial Highlights
FY 23 – Financial Highlights L IQUIDIT Y POSIT IO N $25.9m $0.5m $0 $0 (30 June 2023) Cash Balance PANR stock value Debt Hedge-free L IQUIDIT Y POSIT IO N $32.3m $1.4m $0 $0 (30 Sept 2023) Cash Balance PANR stock value Debt Hedge-free 5
Slide 6: 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 F2 Nov 2017 B55 7,700 feet F3 Jan 2018 D5 7,717
Slide 7: 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 8: 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 15,675 feet Production (WI) FY 2023: 48 Boepd Sept 23 quarter: 143 Boepd Net Reserves 1P 0.
Slide 9: 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 May 2022 14,867 fe
Slide 10: Thank you
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Slide 11: Address Contact Info Telephone
Address Ground Floor, 70 Hindmarsh Square South Australia SA 5000 Australia 717 Texas Avenue Suite 1200 Houston TX 77002 United States of America Contact Info Email: info@ottoenergy.com Web: www.ottoenergy.com Telephone + 61 8 6467 8800 +1 713 893 8894 24