Focus on Gulf of Mexico
Focused 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
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