Melbana Energy Limited · ASX:MAY
Melbana Energy — MEO Australia — RIU Good Oil Conference 2009
15 slides from Melbana Energy's conference presentation, Sep 2, 2009
Slide 1: RIU Good Oil Conference
Disclaimer This presentation includes certain forward-looking statements that have been based on current expectations about future acts, events and circumstances. These forward-looking statements are, however, subject to risks, uncertainties and assumptions that could cause those acts, events and ci
Slide 2: Corporate snapshot
Corporate snapshot ASX-300 company, high liquidity, largely retail register MEO Australia Limited (included in ASX300) Source: ASX Ticker symbols ASX MEO US ADR program OTC MEOAY Issued shares Million 417.3 Treasury stock Million 10.1 Unlisted Options Million 13.4 Closing price 1st Sep $0.585 Market
Slide 3: Highly credentialed board
Highly credentialed board Extensive industry and capital market experience Nick Heath >30yrs with ExxonMobil Non-Executive Chairman Past APPEA President Appointed May 2008 Engineer Jürgen Hendrich Greg Short Stephen Hopley Michael Sweeney MD & CEO Non-executive director Non-executive director Non-ex
Slide 4: Strong technical focus
Strong technical focus Striving for technical and commercial excellence Jürgen Hendrich Chief Executive Officer 12yrs @ Esso Australia Ltd Geologist (ExxonMobil subsidiary) Investment Banking GSJBW, Tolhurst (now PSL) Colin Naylor Robert Gard Dave Maughan Ken Hendrick CFO/Company Secy Commercial Man
Slide 5: Gas projects in established LNG provinces
Gas projects in established LNG provinces Demonstrable monetisation path Segment Asset Summary Strategy Summary Timor Sea gas processing hub on Tassie Shoal Development potential • Integrated CO2 sequestration & • Facilitates regional hub location solution to stranded gas • 3rd party gas or from MEO
Slide 6: Tassie Shoal – a natural development hub
Tassie Shoal – a natural development hub Central to all stranded Timor Sea gas fields Methanol Loading Buoy Abadi Gas Supply Indonesia Pipelines N Australia PLEM Greater Barossa Sunrise Evans Shoal Cooling Blackwood Water East Methanol Plant (5,000 tpd stage 1) Outlet Caldita Blackwood ACP LNG Stora
Slide 7: Development hub advantages
Development hub advantages Alternative solutions for CO2 and distance economic challenges CO2 challenged Location challenged Evans Shoal Greater Sunrise - FLNG? Tassie Shoal? (Santos, Shell, Petronas, Osaka Gas) (WPL/Shell/ConocoPhillips/Osaka Gas) ~6+TCF 25% CO2 4 bbl/mmscf ~5.4 TCF 4% CO2 40 bbl/m
Slide 8: Floating LNG technology – on solid ground
Floating LNG technology – on solid ground Timor Sea LNG Project is a single module One of the NWS Train 5 (4.4 Mtpa) modules Darwin LNG Plant (3.7 Mtpa) Pluto I (4.3 Mtpa) has 264 modules Timor Sea LNG Plant (3.0 Mtpa) at same scale – 1 module • Technology developed for F-LNG, installed on fixed, se
Slide 9: WA-360-P – a great address!
WA-360-P – a great address! Strategically located near existing & proposed LNG infrastructure Age of Main Gas Reservoir (Trap) Jurassic (Structural-Stratigraphic) Cretaceous (Structural) Upper Triassic (Structural) Upper Triassic (Structural - Stratigraphic) WA-359-P Paleocene WA-361-P Oil Accumulat
Slide 10: JO/MU Regional Depth Structure Map
JO/MU Regional Depth Structure Map Structural Elements
Slide 11: Legendre Reservoir Distribution
Legendre Reservoir Distribution Legendre Absent Legendre Shale Out
Slide 12: Artemis Legendre prospect outline
Artemis Legendre prospect outline Excludes West Artemis due to lack of 3D coverage Facies change to marine shale Fault boundary Subcrop Western boundary of Artemis Prospect defined by faults with pinchout of reservoir sequences Top Legendre Depth Map
Slide 13: DHI* Observations
DHI* Observations Amplitudes show conformance with structure Undulations related to Tertiary high velocity channels affecting depth conversion * DHI = Direct Hydrocarbon Indicator
Slide 14: Artemis 3D IL1352 – Near, Mid and Far Angles
Artemis 3D IL1352 – Near, Mid and Far Angles Legendre reservoir exhibits amplitude increase with offset North Rankin water sands exhibit amplitude decrease with offset Near Calypso / Legendre sands North Rankin Water sands Mid Calypso / Legendre sands North Rankin Water sands Far Calypso / Legendre
Slide 15: Potential value progressively being realised
Potential value progressively being realised Farm-out activity provides near term catalyst for re-rating Potential value per share Risked Remarks Un-risked Current share price $0.585 $0.585 September 1st closing price Less cash on hand $0.04 $0.04 $17.2m at June 30th = Market value of MEO projects $