#1Morgans Queensland Conference Investor Presentation 9 and 10 October 2018 ASX: OEL OTTOOO ENERGY#2Disclaimer This presentation is provided for information purposes only and is not a disclosure document as defined under the Corporations Act 2001 (Cth) This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase, sale or issue of any securities or any financial product nor does it constitute financial product or investment advice. The presentation does not contain all the information that may be required for evaluating the Company's assets, prospects or potential opportunities and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. 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Any forward-looking statements, opinions and estimates provided in this presentation necessarily involve uncertainties, assumptions, contingencies and other factors, and unknown risks may arise, many of which are outside the control of the Company. Such statements may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward looking statements. Forward-looking statements including, without limitation, guidance on future plans, are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Such forward looking statements speak only as of the date of this presentation. The information in this presentation is current as at the date on the cover of the presentation and remains subject to change without notice, in particular the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. OTTO ENERGY | ASX: OEL 2#3Conventional production and exploration Building a 5,000 boepd production base by end of 2020 - currently at -1,850 boepd • First Gulf of Mexico production commenced in March 2018 delivering long-life production, cashflow and reserve base • Positioned as a non-operating partner of choice in prolific hydrocarbon basins • • · Executing a significant ten well exploration program in 2018/19, with each prospect capable of delivering material upside to Otto Highly experienced US Gulf Coast operator, Hilcorp Energy, to execute Gulf Coast drilling and development program Near/Onshore locations with identified access to infrastructure with rapid, low capex pathway from discovery to production upon success Currently drilling initial two wells in program with results expected in the next week for Big Tex and early November for Bivouac Peak High impact Alaska North Slope exploration well to drill in February 2019 testing analogue to recent large Nanushuk discoveries OTTO ENERGY | ASX: OEL 3#4Focus on Gulf of Mexico production and exploration Otto positioned in proven conventional play trends in the Gulf Coast and offshore TEXAS Beluga 37.5% WI MATAGORDA Lightning 37.5% WI Operator Hilcorp Energy Byron Energy OTTO ENERGY | ASX: OEL BRAZORIA LOUISIANA Don Julio 2 37.5% WI Oil Lake 37.5% WI Oligocene AVO Trend AMERON GALVESTON MBERS Mustang 37.5% WI -20m -10m Miocene Trend Tarpon 37.5% WI -30m 40m VR232 -50m 50% WI Pliocene Trend -60m ST MARY Mallard 37.5% WI ASSUMPTION VR Bivouac Peak S 40% WI SM71 Producing 50% WI PLAQUEMINES Big Tex 37.5% WI OTTOO ENERGY Portfolio of Gulf Coast Prospects Currently drilling 4#5Focused growth strategy in the Gulf of Mexico Otto's core strategic goal is to grow production to 5,000 boepd by the end of 2020 • Building a portfolio of US portfolio of US conventional production assets with a Gulf of Mexico focus and the capability to transition to an operator Growth strategy underpinned by strong production and cash flow from flagship Gulf of Mexico SM 71 asset Exciting pipeline of high impact exploration opportunities taking place over the next 18 months An experienced team with a track record of successfully growing, operating and divesting oil and gas assets globally who understand risk and capital management Why Gulf of Mexico? Proven prolific hydrocarbon province where technologies such as RTM seismic processing continue to create new opportunities Low sovereign risk High margin oil with breakeven economics around US$20/barrel Short cycle time from discovery to development 8-18 months • Low cost drilling and development Relatively low risk exploration • Deal flow is liquid and a full spectrum of opportunity size is available Otto has area expertise and well developed business relationships Otto has production in the area OTTO ENERGY | ASX: OEL 5#6Gulf Coast Package - Drilling Program Eight independent prospects committed to be drilled Net Prospect Name Planned Spud Target Rig Depth Date (TVD), ft Туре Working Interest (WI) Revenue Stratigraphic Interest (NRI) Interval County/ Parish Location Big Tex Drilling 13,500 Barge 37.50% 29.51% Tex Plaquemines Louisiana Lightning Nov-18 14,500 Land 37.50% 28.50% Frio Tex Miss Matagorda Texas Don Julio 2 Dec-18 11,500 Land 37.50% 28.50% Oligocene Chambers Texas Mustang Jan-19 17,500 Land 37.50% 30.00% Oligocene Chambers Texas Beluga May-19 13,000 Barge 37.50% 28.50% Oil Lake Jul-19 14,500 Land 37.50% 29.06% Tarpon Jul-19 14,000 Barge 37.50% 29.06% Mallard Nov-19 11,000 Barge 37.50% 29.63% Oligocene Frio Oligocene Mid Miocene Galveston Bay Texas Cameron Louisiana Galveston Bay Assumption Texas Louisiana Otto will be assigned a 37.5% working interest by paying 50.0% of the costs of drilling and setting casing or plugging and abandoning at each prospect. OTTO ENERGY | ASX: OEL 6#7Gulf Coast Package - Prospects Highly prospective portfolio based on new proprietary 3D seismic Prospective Resources¹ Prospect Name Working Interest Net Revenue Interest Probability of Success 100% MMboe Otto Net Revenue Interest P90 P50 Mean P10 P90 P50 Mean P10 Big Tex 37.50% 29.51% 54% 0.5 3.3 6.8 16.9 0.1 1.0 2.0 5.0 Lightning 37.50% 28.50% 45% 0.9 3.2 4.4 10.1 0.3 0.9 1.3 2.9 Don Julio 2 37.50% 28.50% 44% 0.7 2.5 4.0 9.6 0.2 0.7 1.1 2.7 Mustang 37.50% 30.00% 56% 2.9 6.7 8.5 16.8 0.8 1.9 2.6 4.8 Beluga 37.50% 28.50% 45% 0.8 2.9 4.7 11.2 0.2 0.9 1.3 3.4 Oil Lake 37.50% 29.06% 45% 1.2 3.3 4.4 9.3 0.3 1.0 1.3 2.7 Tarpon 37.50% 29.06% 34% 7.7 24.0 35.6 81.0 2.2 7.0 10.3 23.5 Mallard 37.50% 29.63% 64% 0.2 0.9 3.3 4.5 0.1 0.3 1.0 1.3 1 Prospective Resources Cautionary Statement The estimated quantities of petroleum that may potentially be recovered by the application of future development projects relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons. OTTO ENERGY | ASX: OEL Refer to the ASX announcement dated 31 July 2018 for further information on prospective resources disclosure. 7#8Gulf Coast Package - Timing Potential of the Eight Well Hilcorp Portfolio Comparison of SM 71 reserve base with Gulf Coast Package prospective resources 120 100 SM 71 80 Currently drilling Probability of Success % 40 40 60 60 88 20 20 Bivouac Peak Big Tex Lightning Mustang Don Julio 2 Beluga P10 ●P50 P90 Oil Lake Mallard Tarpon 0 For the Gulf Coast Package prospects, the size of bubble is proportional to the P90-P50-P10 Net Revenue Interest Prospective Resource (MMboe) For SM 71, the size of bubble is proportional to 30 June 2017 Net Revenue Interest 2P reserves (MMboe) For Bivouac Peak, the size of bubble is proportional to best estimate Net Revenue Interest Prospective Resource (MMboe) (Refer slide 15) OTTO ENERGY | ASX: OEL Anticipated Drilling Sequence Refer to the ASX announcement dated 31 July 2018 for further information on prospective resources disclosure. 8#9Gulf Coast Package Potential Risked Portfolio Potential to materially increase Otto's US business Risked Summary data - 8 Well Portfolio, Gross (8/8ths) Metric P90 P50 P10 Volumes, MMBOE 4.63 19.86 64.59 Peak Production Rate, BOE/d 3,270 9,990 31,300 % Hydrocarbon Liquids per BOE 13% 28% 56% Finding cost, US$/BOE $13.62 $3.18 $0.98 Finding & Development cost, US$/BOE $16.40 $5.51 $2.56 Refer to the ASX announcement of 31 July 2018 for notes on the calculation of the risked portfolio information above. OTTO ENERGY | ASX: OEL 9#10Tier 1 Operator - Hilcorp Partnering with operator with proven capability to take exploration prospects into production. • • Founded in 1989, Hilcorp is one of the largest privately held oil and natural gas companies in North America. Hilcorp has nearly 2,000 employees and currently produces approximately 325,000 boepd (Australia's largest oil and gas company, Woodside, produces ~230,000 boepd). Hilcorp has been consistently recognized for its strong culture, values and ethics both. within the firm and in the communities in which it operates. Hilcorp specializes in reinvigorating legacy oil and gas fields across North America; including in the US Gulf Coast, Alaska and the Rockies. Hilcorp OTTO ENERGY | ASX: OEL 10#11Big Tex - Currently Drilling West Delta 27 - Located in a highly productive area 15 10 -30 West Delta Area Cum Prod.1 Oil 591.3 MMbbls Gas 974.5 Bcf 16 17WD18,838 -8000- 8000 36 WD 35,66 D38,89 39 8000 WD41,62 -8000 WD 67.84 67 11000 19 STATE FEDERAL 21 WD 27,49 25 42 43 44 WD 30,49 45 46 47 -9000 48 50 -8000 WD 50 -5000 WEST DELTA AREA 9000 120 63 WD 64.63 -10000 WD65,98 000 1. Data source Lexco OWL 2. Data source Sonris/AAPG OTTO ENERGY | ASX: OEL 72 12000 Venice, 37 Big Tex Well Location Romere Pass, b West Bay 40 Tiger Pass 62 WD 52,54 Delta Duck Club, 41 West Bay Area Cum Prod.² Oil 256.2 MMbbls Gas 909.3 Bcf WD 53,53 WO60,96 0 -10000 59 58 55 WD 59,55 WD 56,55 WD 58,55 WD 55,55 22 SP24,50, 26 76 -120001 77 0000 81 WD 83.56 8 SP 26,57 Burrwood,55 WD 79 WD/84. SP 39.96 WD86 82 ©2018 Geomap Company 11#12Pipeline of Opportunities Otto has assembled an exciting pipeline of upcoming activities 2018 2019 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 SM 71 OIL Low-cost production OIL Gulf of Mexico Bivouac Peak Hilcorp Gulf Coast Package Currently drilling Exploration Drilling Success Case Facility Construction Big Tex Lightning Beluga Don Julio 2 Mustang Tarpon Oil Lake Mallard Western Blocks Rig procurement and permitting Alaska OTTO ENERGY | ASX: OEL Central Blocks Operator funding and well planning Western Block Well Winx-1 Possibility of 1-2 Wells 12#13Gulf Coast Package - Key Terms Commitment to eight well drilling program with Hilcorp Energy • Otto is participating in a firm eight well program with a right of first offer to a subsequent program, if Hilcorp elect to offer a program to third parties. • Should either the Tarpon or Mustang prospects be successful then Otto has ground floor rights to participate in the nearby Damsel and Corsair/Hellcat opportunities in addition to the other eight wells. • Otto to earn a 37.5% working interest by paying 50.0% of the costs of drilling and setting casing or plugging and abandoning at each prospect plus lease acquisition costs. The estimated cost of the commitment to Otto is US$37.5 million. • Well Cap - Otto has the option to discontinue participation in each prospect well if actual costs exceed the approved expenditure budget by 20%. If Otto elects to not continue, it will forfeit rights to that prospect. • Program Cap-Once Otto has incurred a total amount relating to the initial eight wells of US$42.5m, it will have the option to elect (but not the obligation) to participate in the remaining undrilled prospects in the initial eight well program. If Otto elects to not participate in any undrilled prospects, it will forfeit rights in those prospects. OTTO ENERGY | ASX: OEL 13#14South Marsh Island 71 (SM 71) Generating US$3m in free operating cashflow each month. LOUISIANA • • • • • Production commenced in March 2018, currently producing -3,600 bopd oil of high-margin LLS oil and 6.0 mmcfpd gas At WTI of US$76/bbl Otto will realise -US$78/bbl net (after transport and before Federal royalties) Oil and gas production to 19 September 2018 of 641,737 bbls of oil and 556 MMcf of gas (100% gross) 50:50 JV with operator Byron Energy (BYE:ASX) Operated tripod platform with capacity for up to 6 production wells and 5,000 bopd (currently three wells are installed) Further hydrocarbon-bearing sands have been intersected during drilling and should provide follow up production opportunities Operator is undertaking a large 3D seismic reprocessing program, including over SM 71, which will be utilised in future exploration and development planning Otto has secured rights to participate in the Vermillion 232 (VR 232) lease which is adjacent to SM 71 and provides future incremental opportunities de-risked by the SM 71 drilling successes Cameron East Camerow KILOMETRES MLES OTTO ENERGY | ASX: OEL Vermilion VR-232 South Marsh and Eugene Island Bivouac Peak Ship Shpal SM71 Baton Rouge 50m SM 71 F Production Platform (Gulf of Mexico) 14#15• Bivouac Peak 32 MMboe conventional gas/condensate prospect currently drilling Otto participating in drilling the high-impact Bivouac Peak gas/condensate prospect at 40% WI Bivouac Peak Regional Map - LA Transition Zone • 32 MMboe¹ high quality, amplitude supported conventional gas/condensate prospect in the highly productive Atchafalaya Bay transition zone of Southern Louisiana • • • • 18,294 ft MD/18,000 ft TVD well targeting upper and middle Miocene reservoirs in East Prospect will cost US$10.8m (100%) Drilling commenced late August 2018 and is expected to take approximately 75 days Estimated completion and development costs to bring a discovery into production are US$9-11 million with the well on production within 8-10 months from initial discovery Future follow up Bivouac Peak Deep prospect ~20,000 ft (TVD) in a success case - 13.4 MMboe¹ Otto to pay 53.33% to earn a 40% WI (up to a cap of US$5.33m then pro-rata) La Posada/La Cantera & Thunder Bayou >600 BCFE EUR (Cris R) 209 208 30 210 211 29 31 219 218 32 Dutch/Mary Rose: 430 Bef+7.5 MMbo Cum Prod 850 BCFE EUR 50 (Cib Op-Rob L) >15,000-16,500' 230 221 40 B 222 231 230 229 228 227 22 201 204 235 200 257 238 21 BYRONENERGY BIVOUAC PEAK BEST ESTIMATE PROSPECTIVE RESOURCES¹ Blanche Bay Eagles Nest Mt Moran N&S Atchafalaya Bay Deep: >100 Bcf +0.6 MMbo Cum Prod (Cib Op) >17,000-19,000' 31 32 Shell Island Bivouac Peak Little Bay Field: 45 Bcf +5 MMbo Cum Prod (Cris I-Cib Op) >16,000-18,000' (4 wells-90%) League Hay Prospect GROSS Oil Gas MMBOE (MMbbl) (Bscf) (6:1) Oil (MMbbl) OTTO 40% WI Gas MMBOE Oil OTTO 29.8% NRI Gas Joint Venture (Bscf) (6:1) (MMbbl) (Bscf) MMBOE (6:1) Otto Energy 40% East 11.3 125.6 32.2 4.5 50.2 12.9 3.4 37.4 Byron Energy (ASX:BYE) 9.6 Deep 4.7 52.1 13.4 1.9 20.9 5.3 1.4 15.5 4.0 [operator] 43% Total 16.0 177.7 45.6 6.4 71.1 18.2 4.8 52.9 13.6 Metgasco (ASX: MEL) 10% Private US Entity 7% 1 As at 30 June 2017. Refer Otto ASX release of 9 July 2018. 15 OTTO ENERGY | ASX: OEL Page 3#16Alaska Otto to Drill Large Nanushuk Oil Prospect on the Alaska North Slope in Early 2019 • 400 MMbbl² gross best estimate prospective resource target on the Alaska North Slope. Otto's 18.75% net revenue interest (before Great Bear 10% back in - refer table) would be 75 MMbbls². • Winx-1 drilling target is a direct analogue to the Horseshoe-1/1A oil well drilled in 2017' located less than one mile to the west. • Horseshoe-1/1A is part of the billion barrel plus Nanushuk oil play-fairway, one of the largest recent conventional oil discoveries on the Alaska North Slope'. • Oil Search's (OSH) Pikka discovery to the west and the Conoco-Phillips Meltwater unit facility ~10 miles to the east. Nearby infrastructure ensures cost effective route to market in event of a discovery. Project economics will be further enhanced by the shallow nature of the oil pool. • Rig has been contracted for the Winx-1 well to be drilled in the first quarter of 2019. Western Blocks Focus Area Horseshoe-1 Colville River ConocoPhillips 2018 Bear 3D Nanushuk play-fairway Kalubik Thets Nikalchuk or Qoogruk uigsut le Oil Sands Tarn Ithill River-1 Meltwater Central Blocks Focus Area Sandpiper ARCTIC OCEAN Northstar Endicott Greater Kuparuk Greater Prudhoe Bay Liberty Otto Energy Alaskan Acreage Position "Hemi Springs Mickelson Badami Recent drilling Potential Nanushuk play fairway 0 5 10 15 20 KILOMETRES 0 10 15 20 MILES The relevant interests in the Western Blocks under the commercial agreements are as follows (subject to regulatory approval by the State of Alaska): Net Revenue Interest* (before back-in) 18.75% Working Interest (after back-in) Current Working Interest Post-transaction Working Interest (before back-in) Paying Interest (before back-in) Otto Energy 10.8% 22.5% 25.0% 20.0% 88 Energy (Drilling 36.0% 40.0% 30.00% 32.0% Management) Red Emperor 31.5% 35.0% 26.25% 28.0% Great Bear 89.2% 10.0% 8.33% 20.0% Petroleum** State of Alaska 16.67% 100% 100.0% 100% 100% 100% 1. Referenced from the Repsol press release of 9 March 2017. 2. Refer ASX release dated 25 June 2018. OTTO ENERGY | ASX: OEL *Government royalty of 16.67%. **Currently Operator of record on leases. 16#17Why Otto Energy? An emerging mid-tier oil and gas producer underpinned by cashflow to fund growth Low cost oil producer generating significant cashflow - SM 71 free cashflow of US$3m per month at US$70/bbl WTI Significant activity - extensive exploration drilling campaign with at least 10 wells to be drilled over the next 18 months High Probability of Success (POS) prospects - multiple opportunities to materially expand reserves, production and cash flow Strong financial position and production base to capitalise on additional opportunities in line with strict investment criteria Experienced exploration and commercial team with a track record of value creation and risk management, complemented by quality project partners OTTO ENERGY | ASX: OEL 17#18Additional Information XX ENSCO-68#19Why invest in Otto? High margin producer with compelling valuation metrics ASX Mid-Cap Oil and Gas Companies Production and Market Capitalisation Distribution 9,000 Production (BOE/day) 8,000 7,000 6,000 5,000 4,000 3,000 Central Petroleum 2,000 Elk Petroleum Sundance Energy Horizon Oil Sino Gas Cooper Energy Otto Energy Byron Energy Australis Oil & Gas 1,000 Buru Energy Blue Energy Freedom Oil & Gas Comet Ridge 88 Energy Karoon Gas 0 100.00 200.00 300.00 400.00 500.00 Market Capitalisation (A$M) OTTO ENERGY | ASX: OEL Carnarvon Petroleum 600.00 FAR Ltd Senex 700.00 800.00 19#20Corporate Snapshot Capital Structure 70,000,000 2 S&P/ASX 200 Energy Sector OEL ClosePrice 60,000,000 Funding Position Fully paid ordinary shares 1.871b Cash (30 September 2018) US$14.2m Molton Holdings Performance Rights 18.8m Convertible Note Liability (repayable 30 June 2019)4 US$9.4m Perennial Value 16.4% 6.8% Management Convertible Notes (US$1 per note)³ 8.2m Debt Nil Directors & Management 2.2% Market capitalisation¹ A$135m Volume (shares traded on ASX per day) 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 0 June 2017 August 2017 October 2017 December 2017 February 2018 www $0.07 whet $0.06 April 2018 1. As at 2 October 2018 (undiluted at 7.2 cents per share). 2. ASX 200 Energy Index normalized to 30 June 2017 OEL share price 3. Convertible notes issued for US$8.2m on 2 August 2017. Conversion price of A$0.05484, maturity 30 June 2019. The notes have a face value of US$1.00. 4. Convertible note liability includes principle and interest accrued as at 30 June 2018. 5. As at 7 September 2018. 6. The volume excludes the 241,910,757 crossing by Santo on 27 March 2018 to enhance readability. OTTO ENERGY | ASX: OEL June 2018 August 2018 $0.05 $0.04 $0.08 OEL Share Price (A$ per share) $0.03 $0.02 $0.01 $0.00 20 20 Shareholders5#21Board and Management John Jetter - Non-Executive Chairman. LLB, BEC INSEAD Former MD/CEO J.P. Morgan Germany. Non-Executive Director of Venture Minerals and Peak Resources Ltd. lan Macliver - Non-Executive Director. BComm, FCA, SF Fin, FAICD Managing Director Grange Consulting. Non-Executive Chairman of Western Areas. lan Boserio - Non-Executive Director. BSc (Hons) Executive Technical Director of Pathfinder Energy Pty Ltd. Former executive positions with Shell & Woodside in international exploration roles. Matthew Allen - Managing Director & CEO. BBus, FCA, FFin, GAICD Global exposure to the upstream oil and gas industry with over 18 years experience in Asia, Africa, USA, Australia and Middle East. Previous senior roles with Woodside over an 8 year period. OTTO ENERGY | ASX: OEL Paul Senycia - Exec Director, Exploration and New Ventures. BSc (Hons), MAppSc International oil & gas experience gained over 35 years. Specific focus on Australia, USA, South East Asia & Africa. Previous roles at Beach, Woodside Energy and Shell International. David Rich Chief Financial Officer & Company Secretary. BCom. FCA, GAICD, Grad.Dip.CSP AGIA Experienced public company CFO with the last 16 years as CFO of upstream oil and gas companies with international interests including in Australia, Asia and the USA. 21 2#22Houston Office Technical Team 110+ years of Gulf Coast and Gulf of Mexico experience Will Armstrong - Vice President, Exploration and New Ventures Prior to joining Otto Will worked with Tri-C Resources, a privately owned Houston based oil and gas company, developing Gulf Coast conventional prospects for drilling. Prior to joining Tri-C Resources, Will screened Gulf Coast, Offshore GOM, and Deepwater GOM prospects for Continental Land & Fur between 2007 and 2014. Between 1999 and 2007, Will worked as a geophysical consultant, generating Offshore and Gulf Coast prospects on behalf of Houston Energy, Westport Resources, and Petroquest Energy. Prior to consulting, Will had generated prospects for several Houston-based independent oil & gas companies, including being a founding member of Newfield Exploration. Will began his career at Tenneco Oil Company in 1987 in Lafayette. Will graduated with a B.S. in Geology, minor in Mathematics, from Grand Valley State College in 1985. He also graduated from Wright State University with a M.S. in Geology, emphasis in Geophysics and Hydrogeology, in 1987. Philip Trajanovich - Senior Commercial Manager Philip was engaged by Otto as a commercial manager in July 2016 and has worked in both the Perth and Houston offices since that time. Prior to joining Otto, Philip was Commercial Manager at Aurora Oil and Gas and its subsequent acquirer Baytex Energy for over four years, focused on the Eagleford shale unconventional play. Philip has also worked with ConocoPhillips as an Asset Manager for nearly three years and Woodside Energy as a Commercial Adviser for over seven years. Philip has gained extensive experience in all facets of upstream oil and gas operations and commercial structures internationally and within the USA. Philip graduated with a B.Com with First Class Honors from the University of Western Australia in 2001. Mark Sunwall - Senior Exploration Consultant Mark Sunwall was engaged as a senior exploration consultant by Otto in April 2016. Mark has a successful 40+ year career exploring and developing onshore Gulf Coast and Gulf of Mexico petroleum basins with major and independent oil companies. Mark has been instrumental in the establishment of the Houston business to date and brings a wealth of knowledge and extensive networks to Otto. Prior to joining Otto, Mark worked for Aurora Oil & Gas for four years as the Geoscience Manager focused on the Eagleford shale unconventional play. In addition, Mark has over five years' experience with a small independent oil and gas company in Houston, has worked with Woodside Energy for over four years and started his career with Texaco (subsequently acquired by Chevron) spending over twenty six years with Texaco. Mark graduated with a B.S. in geology from Southwest Minnesota State University in 1974. Mark also has a M.S. in geology from Miami University and graduated in 1976. Kevin Small - Senior Exploration Consultant Kevin has over forty years' experience in the Gulf of Mexico both onshore and offshore, and has been responsible for the generation, farm-in, drilling and development of numerous Gulf Coast discoveries. Kevin similarly brings extensive networks and relevant experience to Otto's business in Houston. Prior to joining Otto Kevin worked with Tri-C Resources, a privately owned Houston based oil and gas company, developing Gulf Coast conventional prospects for drilling. Between 2003 and 2012, Kevin worked for Bluestreak Exploration Group developing prospects exclusively for LLOG Exploration, successfully generating discoveries on the Gulf of Mexico Shelf and Deepwater. Kevin was the Exploration Manager and a founding member of the Houston office of Westport Oil and Gas Company between 1996 and 2003, ultimately helping them go public in October, 2000. Kevin also has worked for the Superior Oil Company and McMoran Oil and Gas, starting his career in 1978. During his time with LLOG, Westport, and McMoRan, he has drilled wells with cumulative production of over 692 BCFG and 82 MMBO. Kevin graduated with a B.S in Geophysical Engineering from the Colorado School of Mines in 1978. OTTO ENERGY | ASX: OEL 22 22#23Address 32 Delhi Street West Perth WA 6005 Australia 1200 Smith Street Suite 1080 Houston TX 77002 United States of America Contact Info Email: [email protected] Web: www.ottoenergy.com Telephone +61 8 6467 8800 +1 713 893 8894 in OTTO ENERGY