Table of Contents
Table of Contents 3
List of Tables 6
List of Figures 6
Otto Energy Ltd, Oil & Gas, Deals By Year, 2012 to YTD 2018 7
Otto Energy Ltd, Oil & Gas Deals By Type, 2012 to YTD 2018 8
Otto Energy Ltd, Oil & Gas, Deals By Region, 2012 to YTD 2018 9
Otto Energy Ltd, Oil & Gas, Deals By Sector, 2012 to YTD 2018 10
Otto Energy Ltd, Oil & Gas, Deals Summary, 2012 to YTD 2018 11
Otto Energy Ltd, Oil & Gas, Deal Details 13
Asset Purchase 13
Otto Energy To Acquire 37.5% Interest In Eight-Well Portfolio Of Prospects From Hilcorp Energy For US$37.5 Million 13
88 Energy, Otto Energy, And Red Emperor To Acquire 79.2% Working Interest In Western Blocks In Alaska From Great Bear Petroleum 15
Otto Energy Completes Farm-In For 25% Interest In ST 224 Lease In Gulf of Mexico From Houston Energy 17
Otto Energy Plans To Acquire 25% Interest In ST 235 Lease, Offshore Gulf of Mexico From Houston Energy 18
Otto Energy To Acquire 50% Interest In Vermillion Area Block 232 License In Gulf of Mexico From Byron Energy 19
Otto Energy To Acquire Interests In Bivouac Peak Leases In Louisiana And SMI-70/71 In Gulf of Mexico From Byron Energy 20
Borealis Petroleum Completes Acquisition Of 58,334 Net Acres In Alaska From Great Bear Petroleum For Up To US$20 Million 22
Borealis Petroleum Plans To Acquire Additional 1,824 Net Acres In Alaska From Great Bear Petroleum For US$25 Million 23
Otto Energy Acquires Additional 40% Interest In SC51 North Block, Onshore Philippines, From Swan Oil and Gas For US$1.3 Million 24
Otto Energy To Acquire 50% Stake In Onshore Kilosa-Kilombero And Pangani PSA’s In Tanzania From Swala Oil & Gas 25
Equity Offering 26
Otto Energy Completes Retail Entitlement Offering Of Shares For US$5.2 Million 26
Otto Energy Completes Private Placement Of Shares For US$7.4 Million 27
Otto Energy Completes Institutional Entitlement Offering Of Shares For US$2.2 Million 28
Otto Energy Completes Private Placement Of Shares For US$6.6 Million 29
Otto Energy Raises US$2.7 Million Through Issuance Of Shares 30
Debt Offering 31
Otto Energy Completes Private Placement Of 14% Convertible Notes, Due 2019 For US$8.2 Million 31
Asset Transactions 32
MV Upstream To Acquire 25% Stake In Kilosa-Kilombero License In Tanzania From Otto Energy For Approximately US$5.3 Million 32
Pryce Gases Plans To Acquire 10% Interest In Service Contract 55 In Philippines From Otto Energy 33
Red Emperor Completes Acquisition Of 15% Stake In Block SC55, Offshore Philippines, From Otto Energy 34
PNOC Exploration Plans To Acquire 15% Interest In SC55, Offshore Philippines, From Otto Energy 35
Acquisition 36
Otto Energy Acquires Borealis Petroleum For US$0.88 Million 36
Nido Petroleum Completes Acquisition Of Galoc Production Company From Otto Energy For US$108 Million 37
Otto Energy Ltd – Key Competitors 39
Otto Energy Ltd – Key Employees 40
Otto Energy Ltd – Locations And Subsidiaries 41
Head Office 41
Other Locations & Subsidiaries 41
Recent Developments 42
License Awards 42
Jun 20, 2018: Otto Energy Announces VR 232 Lease Awarded 42
Mar 06, 2017: Otto Energy: Extension To Kilosa-Kilombero Licence And Tanzania Update 43
Strategy and Business Expansion 44
Mar 22, 2018: VR 232 – Otto Partner Highest Bidder In Block Adjacent To SM 71 44
Drilling and Production Updates 45
Dec 04, 2018: Otto Energy: lightning exploration well commences drilling 45
Oct 15, 2018: Otto Energy provides drilling update on big tex exploration well 46
Oct 11, 2018: Otto Energy provides update on Weiss-Adler 1 well 47
Aug 27, 2018: Otto Energy: bivouac peak exploration well commences drilling 48
May 18, 2018: Otto Energy Provides SM 71 Production Update 49
Jan 29, 2018: Byron Energy Drills Third Successful Oil Well At SM 71 51
Dec 15, 2017: Otto Energy posts ST 224 exploration well drilling update 52
Nov 29, 2017: Otto Energy: Drilling At St 224 Progressing As Planned – Nearing Target 53
Oct 20, 2017: Otto Energy Commences Drilling At ST 224 54
Oct 05, 2017: Otto Energy: ST 224 Exploration Drilling To Commence Mid-October 55
Financial Announcements 56
Mar 01, 2018: Otto Energy Announces Half-Year Financial Report Ended 31 December 2017 56
Mar 01, 2017: Otto Energy Announces Financial Report For Half-year Ended 31 December 2016 59
Other Significant Developments 60
Oct 26, 2018: Redemperor Resources announces September 2018 quarterly report 60
Oct 23, 2018: 88 Energy provides conventional portfolio update 61
Oct 05, 2018: Byron Energy provides operational update 63
Sep 28, 2018: 88 Energy provides operations update 64
Sep 27, 2018: Byron Energy provides operational update on SM71 project 66
Sep 19, 2018: otto energy announces SM 71 operational update 67
Aug 30, 2018: Otto Energy announces Big Tex Exploration Well Commences Drilling 68
Aug 27, 2018: Otto Energy announces Bivouac Peak Exploration Well Commences Drilling 69
Aug 06, 2018: Otto provides independent report confirms almost threefold increase in reserves at SM 71 70
Jul 24, 2018: Red Emperor Resources announces quarterly reports for period ending 30 June 2018 and appendix 5B 72
Jul 16, 2018: Otto Appoints US Technical Team And Opens Houston Office 75
Jul 09, 2018: Otto To Participate In Bivouac Peak East Well 77
Jul 04, 2018: Otto Provides Operations Update On SM 71 Project In Gulf Of Mexico 78
Jul 02, 2018: 88 Energy Provides Operations Update 79
Jun 28, 2018: METGASCO: Election To Participate In Drilling First Well At Bivouac Peak 82
Jun 27, 2018: 88 Energy Provides Update On Testing Of Icewine2 Well 83
Jun 25, 2018: Byron Energy: Final Bivouac Peak Drilling Permits Granted 85
Apr 26, 2018: Otto Energy Provides Sm 71 Update – Performance, Production And Revenue 86
Apr 24, 2018: Otto Energy Announces Board Appointment In Support Of US Strategy 88
Apr 23, 2018: Red Emperor Resources Provides Quarterly Report For Period Ending 31 March 2018 89
Apr 09, 2018: Otto Provides Update On SM 71 Oil Project 91
Apr 09, 2018: Byron Energy: Oil Production From 3 Wells At SM 71 92
Apr 04, 2018: Otto Energy Provides SM 71 Field Commissioning Update And Us Expansion Strategy 93
Apr 03, 2018: Byron Energy Provides South Marsh Island 71 F3 Well Update 94
Mar 28, 2018: Otto Energy Provides SM 71 Operations Update 95
Mar 26, 2018: Otto Announces Commencement Of Production At SM 71 In Gulf Of Mexico 96
Mar 22, 2018: Otto Energy Provides SM 71 Update – Tool Recovered From F3 Well 97
Mar 22, 2018: Otto Energy Provides SM 71 Update: Production To Commence This Week 98
Mar 15, 2018: Otto Energy Announces SM 71 Update On Completion Operations 99
Mar 05, 2018: Otto Energy Provides SM 71 Update: F2 Well Successfully Completed For Production 100
Feb 26, 2018: Byron Energy Provides Update On Bivouac Peak Permitting, Lease Extensions And Additions 101
Feb 22, 2018: Otto Successfully Completes SM 71 F1 Well For Production 102
Feb 16, 2018: Byron Energy Announces Update On Timing Of 30 June 2018 Reserves And Resources Statement Release 103
Feb 05, 2018: Otto Provides Update On SM 71 104
Jan 22, 2018: Otto Energy Provides Update On SM 71 Block In Gulf Of Mexico 105
Jan 10, 2018: Otto Energy announces spudding of SM 71 F3 development well in US 106
Jan 02, 2018: Byron Sm71 F2 Appraisal Well To Be Completed For Production And Drilling Of F3 Development Well Accelerated 107
Dec 27, 2017: SM71 F2Well Significantly Exceeds Pre-Drill Expectations 109
Dec 18, 2017: Otto Energy announces SM 71 F2 drilling update 110
Dec 18, 2017: Byron Energy: Operational Update: SM 71 F2 Well Drilling Ahead 111
Dec 15, 2017: Otto Energy: ST 224 1 Well Result 112
Dec 14, 2017: Otto Energy Provides Update On SM-71 Well 113
Dec 04, 2017: Otto Energy provides SM 71 F2 development well drilling update 114
Nov 30, 2017: Otto Energy provides update on operations at South Marsh Island Block 71 116
Nov 30, 2017: Ensco 68 Drilling Rig On Location At SM 71 117
Nov 22, 2017: Otto Energy announces completion of SM 71 platform installation 118
Nov 06, 2017: Otto Energy: SM 71 Platform And Jacket Load-Out Completed 119
Nov 03, 2017: Otto Energy Provides Company Update 120
Oct 25, 2017: Otto Energy: New Gulf Of Mexico Lease For Otto – St 235 121
Oct 23, 2017: Otto Energy: Sm 71 Pipeline Installation Completed 122
Oct 19, 2017: Byron Energy: Quarterly Report For Period Ended 30 September 2017 123
Oct 16, 2017: Otto Energy Announces Quarterly Report For Three Months Ended 30 September 2017 127
Sep 28, 2017: Otto Energy: Independent Reserves And Resources – 30 June 2017 131
Aug 31, 2017: Otto Energy: SM 71 Construction Re-Commences Post-Hurricane Harvey 132
Aug 30, 2017: Otto Energy: Extension Granted For SM 71 Lease 133
Aug 29, 2017: Byron Receives Extension For SM 71 Lease 134
Jul 31, 2017: Byron Energy Provides Quarterly Report For Period Ended 30 June 2017 135
Jun 22, 2017: Byron Energy Announces Lease Sale 247 Update 138
Apr 26, 2017: Byron Energy Provides Quarterly Report For The Period Ended 31 March 2017 139
Jan 30, 2017: Byron Energy Provides Quarterly Report For The Period Ended 31 December 2016 143
Jan 23, 2017: Byron: SM 71 Oil Development And Metgasco Funding Facility 146
New Contracts Announcements 148
Aug 29, 2018: Otto Energy announces alaska update – rig contract signed 148
Jun 25, 2018: Otto To Drill 400 Million Barrel Nanushuk Oil Prospect On Alaska North Slope In Early 2019 149
Sep 12, 2017: Otto Energy: Rig Contract Executed For SM 71 Drilling Program 152
Jul 24, 2017: W&T Offshore: Rig Contracted To Drill ST 224 Prospect In Q4 2017 153
Appendix 154
Methodology 154
About GlobalData 154
Contact Us 154
Disclaimer 154
Otto Energy Ltd, Oil & Gas, Key Facts, 2018 2
Otto Energy Ltd, Oil & Gas, Deals Summary, 2012 to YTD 2018 2
Otto Energy Ltd, Oil & Gas, Deals By Year, 2012 to YTD 2018 7
Otto Energy Ltd, Oil & Gas Deals By Type, 2012 to YTD 2018 8
Otto Energy Ltd, Oil & Gas, Deals By Region, 2012 to YTD 2018 9
Otto Energy Ltd, Deals By Sector, 2012 to YTD 2018 10
Otto Energy Ltd, Oil & Gas, Deals Summary, 2012 to YTD 2018 11
Otto Energy To Acquire 37.5% Interest In Eight-Well Portfolio Of Prospects From Hilcorp Energy For US$37.5 Million 13
88 Energy, Otto Energy, And Red Emperor To Acquire 79.2% Working Interest In Western Blocks In Alaska From Great Bear Petroleum 15
Otto Energy Completes Farm-In For 25% Interest In ST 224 Lease In Gulf of Mexico From Houston Energy 17
Otto Energy Plans To Acquire 25% Interest In ST 235 Lease, Offshore Gulf of Mexico From Houston Energy 18
Otto Energy To Acquire 50% Interest In Vermillion Area Block 232 License In Gulf of Mexico From Byron Energy 19
Otto Energy To Acquire Interests In Bivouac Peak Leases In Louisiana And SMI-70/71 In Gulf of Mexico From Byron Energy 20
Borealis Petroleum Completes Acquisition Of 58,334 Net Acres In Alaska From Great Bear Petroleum For Up To US$20 Million 22
Borealis Petroleum Plans To Acquire Additional 1,824 Net Acres In Alaska From Great Bear Petroleum For US$25 Million 23
Otto Energy Acquires Additional 40% Interest In SC51 North Block, Onshore Philippines, From Swan Oil and Gas For US$1.3 Million 24
Otto Energy To Acquire 50% Stake In Onshore Kilosa-Kilombero And Pangani PSA’s In Tanzania From Swala Oil & Gas 25
Otto Energy Completes Retail Entitlement Offering Of Shares For US$5.2 Million 26
Otto Energy Completes Private Placement Of Shares For US$7.4 Million 27
Otto Energy Completes Institutional Entitlement Offering Of Shares For US$2.2 Million 28
Otto Energy Completes Private Placement Of Shares For US$6.6 Million 29
Otto Energy Raises US$2.7 Million Through Issuance Of Shares 30
Otto Energy Completes Private Placement Of 14% Convertible Notes, Due 2019 For US$8.2 Million 31
MV Upstream To Acquire 25% Stake In Kilosa-Kilombero License In Tanzania From Otto Energy For Approximately US$5.3 Million 32
Pryce Gases Plans To Acquire 10% Interest In Service Contract 55 In Philippines From Otto Energy 33
Red Emperor Completes Acquisition Of 15% Stake In Block SC55, Offshore Philippines, From Otto Energy 34
PNOC Exploration Plans To Acquire 15% Interest In SC55, Offshore Philippines, From Otto Energy 35
Otto Energy Acquires Borealis Petroleum For US$0.88 Million 36
Nido Petroleum Completes Acquisition Of Galoc Production Company From Otto Energy For US$108 Million 37
Otto Energy Ltd, Key Competitors 39
Otto Energy Ltd, Key Employees 40
Otto Energy Ltd, Subsidiaries 41
List of Figures
Otto Energy Ltd, Oil & Gas, Deals by Type, 2012 to YTD 2018 2
Otto Energy Ltd, Oil & Gas, Deals By Year, 2012 to YTD 2018 2
Otto Energy Ltd, Oil & Gas, Deals By Region, 2012 to YTD 2018 2
Otto Energy Ltd, Oil & Gas, Deals By Sector, 2012 to YTD 2018 2
Otto Energy Ltd, Oil & Gas, Deals By Year, 2012 to YTD 2018 7
Otto Energy Ltd, Oil & Gas, Deals by Type, 2012 to YTD 2018 8
Otto Energy Ltd, Oil & Gas, Deals By Region, 2012 to YTD 2018 9
Otto Energy Ltd, Oil & Gas, Deals by Sector, 2012 to YTD 2018 10