Focus on Gulf of Mexico
Conventional production and exploration
Building a 5,000 boepd production base by end of 2020 - currently at -1,850 boepd
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First Gulf of Mexico production commenced in March 2018 delivering long-life production,
cashflow and reserve base
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Positioned as a non-operating partner of choice in prolific hydrocarbon basins
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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
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