About Us Company Overview Who We Are Corporate Directory Corporate Governance About Otto Gulf of Mexico Basin A proven, large-scale hydrocarbon basin Most prolific hydrocarbon basin in US, with rich liquid content Cumulative basin production of 22,463 MMBbl and 191,774 Bcf Average shelf discovery is 6.3 MMBbl and 54 Bcf Average deepwater discovery is 20 MMBbl and 52 Bcf A superior place to operate Low royalty rates, 12.5% royalty on new leases (18.75% on existing) Some existing leases with royalty reduction and/or suspension Stable political environment, low Federal and State regulations A premium product type Typical GoM shelf production is Light Sweet Crude Typical US$2-5/Bbl premium to WTI in US domestic market