Focus on Gulf of Mexico

Gulf 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

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