Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Deputy Chairman Paul Senycia was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Oct 24
Otto Energy Limited, Annual General Meeting, Nov 27, 2025 Otto Energy Limited, Annual General Meeting, Nov 27, 2025. Location: at offices of steinepreis paganin, level 14, qv1 building, 250 st georges terrace, perth wa 6000 Australia 공시 • May 27
Otto Energy Limited Announces Special Dividend Distribution, Payable on June 16, 2025 Otto Energy Limited announced special dividend distribution of AUD 0.00143000 per share. Record Date is May 30, 2025. Ex Date is May 29, 2025. Payment Date is June 16, 2025. 공시 • Oct 29
Otto Energy Limited, Annual General Meeting, Nov 29, 2024 Otto Energy Limited, Annual General Meeting, Nov 29, 2024. Location: offices of steinepreis paganin, level 14, qv1 building, 250 st georges terrace, perth wa 6000 Australia Buy Or Sell Opportunity • Oct 25
Now 27% undervalued Over the last 90 days, the stock has risen 11% to €0.005. The fair value is estimated to be €0.0069, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 70%. 공시 • Oct 21
Otto Energy Limited Appoints Justin Clyne as an Independent Non-Executive Director Otto Energy Limited announce the appointment of Mr. Justin Clyne as an Independent Non-Executive Director effective immediately. Otto advises that Mr. John Madden has resigned as Non-Executive Director of the Company to pursue other interests. Mr. Clyne is an Australian based company director and company secretary for publicly listed and unlisted companies. He has significant knowledge and experience in the areas of international law and corporate regulations. Mr. Clyne was admitted as a solicitor of the Supreme Court of New South Wales and the High Court of Australia in 1996 before gaining admission as a barrister in 1998. Over the past 17 years, Mr. Clyne has dedicated himself to the provision of corporate advisory and related services for listed entities primarily in the Australian and North American markets. This has included a broad spectrum from company incorporation through to takeovers and other large corporate transactions. He has acted as a director for Australian and dual listed entities with US operations. Mr. Clyne holds a Master of Laws in International Law from the University of New South Wales. He is also a qualified Chartered Company Secretary and a Member of the Australian Institute of Company Directors. Mr. Clyne has been appointed as a member of the Remuneration and Nomination Committee and Audit and Risk Committee. He will be considered for election as a Non-Executive Director at Otto's 2024 Annual General Meeting. Reported Earnings • Sep 17
Full year 2024 earnings released: EPS: US$0 (vs US$0.001 loss in FY 2023) Full year 2024 results: EPS: US$0 (improved from US$0.001 loss in FY 2023). Revenue: US$20.4m (down 39% from FY 2023). Net loss: US$1.65m (loss narrowed 76% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 14
Now 55% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to €0.005. The fair value is estimated to be €0.011, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 30
Now 54% undervalued after recent price drop Over the last 90 days, the stock has fallen 10.0% to €0.0045. The fair value is estimated to be €0.0098, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 20
Now 49% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to €0.006. The fair value is estimated to be €0.012, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 14
First half 2024 earnings released: US$0.001 loss per share (vs US$0.003 profit in 1H 2023) First half 2024 results: US$0.001 loss per share (down from US$0.003 profit in 1H 2023). Revenue: US$10.9m (down 49% from 1H 2023). Net loss: US$5.58m (down 147% from profit in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. 공시 • Sep 29
Otto Energy Limited, Annual General Meeting, Nov 30, 2023 Otto Energy Limited, Annual General Meeting, Nov 30, 2023, at 17:00 E. Australia Standard Time. Reported Earnings • Sep 29
Full year 2023 earnings released: US$0.001 loss per share (vs US$0.003 profit in FY 2022) Full year 2023 results: US$0.001 loss per share (down from US$0.003 profit in FY 2022). Revenue: US$33.4m (down 18% from FY 2022). Net loss: US$7.01m (down 145% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. New Risk • Sep 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Profit margins are more than 30% lower than last year (37% net profit margin). Market cap is less than US$100m (€61.2m market cap, or US$64.7m). Board Change • Jun 29
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director John Madden was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • May 23
Otto Energy Limited Provides Update on the Green Canyon (GC) 21 Bulleit Well Otto Energy Limited provided the following update on the Green Canyon (GC) 21 "Bulleit" well. The GC 21 "Bulleit" well, which was recompleted into the DTR-10 sands during March, was producing from the upper DTR-10 completion only. In order to establish flow from the lower DTR-10 sand also, the Seadrill Sevan Louisiana rig was brought back on location and well intervention operations commenced on late April. The operation was successful in shifting both sleeves over the lower DTR-10 interval open and the well was then opened to flow to GC 18 before the rig was released mid-May. The well is currently flowing to the GC 18 platform at approximately 1,400 bbl/d oil and 1,000 Mscf/d gas. Early results are encouraging regarding reserve recovery expectations. Otto will continue to update the market on the performance of the well as appropriate. Preliminary field estimates by the operator for the costs incurred on this lower sand well intervention total approximately USD12.8 million (8/8ths) (USD2.1 million, net to Otto), which is significantly lower than previous estimates. Otto plans to pay its share of this cost out of existing cash reserves. Otto holds a 16.67% WI /13.33% NRI in the GC 21 lease. Reported Earnings • Mar 13
First half 2023 earnings released: EPS: US$0.003 (vs US$0.002 in 1H 2022) First half 2023 results: EPS: US$0.003 (up from US$0.002 in 1H 2022). Revenue: US$21.4m (up 18% from 1H 2022). Net income: US$11.9m (up 7.5% from 1H 2022). Profit margin: 56% (down from 61% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 80% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 29
Full year 2022 earnings released: EPS: US$0.003 (vs US$0.001 loss in FY 2021) Full year 2022 results: EPS: US$0.003 (up from US$0.001 loss in FY 2021). Revenue: US$40.6m (up 35% from FY 2021). Net income: US$15.5m (up US$20.2m from FY 2021). Profit margin: 38% (up from net loss in FY 2021). Oil reserves Proven reserves: 1.805 MMbbls Gas reserves Proven reserves: 11.497 Bcf Combined production and costs Oil equivalent production: 0.845 MMboe (1.107 MMboe in FY 2021) Average production cost/Boe: US$5.43 (US$4.18/Boe in FY 2021) Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 16
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: US$0.002 (up from US$0.003 loss in 1H 2021). Revenue: US$18.1m (up 62% from 1H 2021). Net income: US$11.1m (up US$25.4m from 1H 2021). Profit margin: 61% (up from net loss in 1H 2021). Revenue missed analyst estimates by 6.3%. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 14
First half 2021 earnings released: US$0.003 loss per share (vs US$0.001 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: US$11.2m (down 20% from 1H 2020). Net loss: US$14.3m (loss widened 435% from 1H 2020). Reported Earnings • Sep 27
Full year earnings released - €0.00046 loss per share Over the last 12 months the company has reported total losses of US$1.36m, with losses narrowing by 93% from the prior year. Total revenue was US$23.0m over the last 12 months, down 26% from the prior year.