Melbana Energy Limited · ASX:MAY

Melbana Energy — Shareholder Meeting (November 2020)

14 slides from Melbana Energy's shareholder meeting presentation, Nov 19, 2020

  1. Slide 1: Melbana Energy Annual General Meeting

    For personal use only Melbana Energy Annual General Meeting 19 November 2020

  2. Slide 2: Company Overview

    COMPANY OVERVIEW For personal use only Company Data 12 Month Share Price Performance Board/Management Listed 1998 0.016 35 Volume Close Exchange ASX (“MAY”) 0.014 30 Shares on issue ~2,317 million 0.012 25 0.010 Andrew Purcell Peter Stickland Options/Rights 20 million Executive Technical Michael San

  3. Slide 3: Major Projects Summary - Cuba

    MAJOR PROJECTS SUMMARY - CUBA For personal use only BLOCK 9 (30%)  Onshore block in Cuba’s prolific northern fold belt trend USA  Potential of ~14.8 billion barrels of oil in place, Prospective USA USA Resource of 676 million barrels of oil1 Cuba Block 9 Santa Cruz IOR  70% interest granted to So

  4. Slide 4: Major Projects Summary - Australia

    MAJOR PROJECTS SUMMARY - AUSTRALIA BEEHIVE (100%) For personal use only  Largest undrilled target in Australia, recently completed 3D seismic survey Tassie Shoal Projects  Prospective Resource estimated as 416 million barrels of oil equivalent1 WA-488-P (Beehive)  Active farmout campaign in progr

  5. Slide 5: Cuba – Block Overview

    CUBA – BLOCK 9 OVERVIEW For personal use only  Lightly explored large footprint - 2,340km3  Along trend from Varadero oil field  3 prospects, 16 leads identified  Cuba experts McDaniel & Associates Consultants2 independently assessed best estimate prospective resource 676 million barrels of oil3

  6. Slide 6: Cuba – Partner Sonangol

    CUBA – PARTNER SONANGOL For personal use only FARM-OUT AGREEMENT  In December 2019, Melbana signed a Farm-Out Agreement with Sonangol E.P., the National Oil Company of Angola handing over a 70% Participating Interest in the onshore Cuba Block 9 PSC in exchange for Sonangol funding 85% of all costs

  7. Slide 7: Block 9 – Drilling Preparations

    BLOCK 9 – DRILLING PREPARATIONS CIVIL WORKS UPDATE For personal use only  Aerial photographic survey of the undisturbed sites for 2 well pads completed  Preparation of the well site for Alameda-1 completed  Camp facilities erected; crews and machinery arrived on site & commenced work in early Oct

  8. Slide 8: Northern Australia: WA-488-P: Beehive

    NORTHERN AUSTRALIA: WA-488-P : BEEHIVE  Largest undrilled oil prospect offshore Australia For personal use only Darwin  Best Estimate Prospective Resource increased by 2.7% to more than 416 million barrels of oil equivalent (BOE) from the original 388 million BOE PETREL assessed in the Independent

  9. Slide 9: Tassie Shoals - Overview

    TASSIE SHOALS - OVERVIEW  Region has substantial discovered and undeveloped high CO2 gas. For personal use only  Melbana developed concepts for constructing Methanol & LNG plants at Tassie Shoal.  Melbana has long-dated Federal & State Government Environmental approvals valid to 2052 to construct

  10. Slide 10: Metgasco Shareholding

    METGASCO SHAREHOLDING  Formal takeover offer made to all Metgasco (MEL) shareholders. Acceptances received for 27.81% of ordinary MEL For personal use only shares  General meeting of MEL shareholders requested to consider proposal for additional and independent directors with oil and gas experienc

  11. Slide 11: Metgasco – Australian Exploration

    METGASCO – AUSTRALIAN EXPLORATION COOPER/EROMANGA BASIN (ATP2021, Metgasco 25%) For personal use only  Successful Vali-1 exploration well completed Jan 2020 (in JV with Bridgeport Energy & Vintage Energy)  Est. potential gas flow rate >5 MMscfd following fracture stimulation Vali-1 gas flare Augus

  12. Slide 12: Possible Near Term Business Events

    POSSIBLE NEAR TERM BUSINESS EVENTS For personal use only Announcement of Equipment Supplies Partner for Block 9 (target Q4’2020) Announcement of Drilling Contractor for Block 9 (target Q4’ 2020) Drilling of 1st exploration well in Cuba (target Q1’ 2021) Drilling of 2nd exploration well immediately f

  13. Slide 13: Disclaimer

    DISCLAIMER Forward-looking Statements and Resources For personal use only Summary of information: This presentation contains general and background information about Melbana Energy’s activities current as at the date of the presentation and should not be considered to be comprehensive or to comprise

  14. Slide 14: For personal use only

    For personal use only Please visit our website www.melbana.com for more information and/or follow us on LinkedIn and Twitter Melbana Energy Limited ABN 43 066 447 952 Andrew Purcell Executive Chairman Melbana Energy Limited andrew.purcell@melbana.com

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