Focus on Gulf of Mexico

Corporate 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

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