Focus on Gulf of Mexico
•
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
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