Melbana Energy Limited · ASX:MAY
Melbana Energy — Good Oil Conference 2023
13 slides from Melbana Energy's conference presentation, September 2023
Slide 1: Melbana Energy Limited – Good Oil Conference
MELBANA ENERGY LIMITED ASX Code: MAY Dr Chris McKeown Chief Commercial Officer Good Oil Conference September 2023
Slide 2: Disclaimer
Disclaimer 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 all the information that an investor should consider when maki
Slide 3: Corporate Overview
Corporate Overview Andrew Purcell Investment banking (Credit Suisse, Macquarie Bank), Australia and Hong Kong. Experienced in resources banking, cross border financing, commodity hedging and Company Information BEng (Elec), MBA corporate turnarounds. 20 years as a public company director in Australi
Slide 4: Snapshot: transformational three years and more to come
Snapshot: transformational three years and more to come A lot has happened since Good Oil 2020 Exciting times ahead Corporate 2020 Market Cap $18.5m million and $1.5 million cash Now to Alameda-2 completion in place provides next 6 Melbana with cashflows from oil production 2023 Market Cap $253 mill
Slide 5: Cuba – An Overview
Cuba – An Overview Why Cuba? Melbana personnel have significant experience in analogous geology and petroleum systems In our DNA to look where others have not looked, and apply creative thinking Under-explored and under-developed south-eastern margin of Gulf of Mexico Strong government suppo
Slide 6: Our Key asset: Block 9 – Operating Environment and Exploration Runway
Our Key asset: Block 9 – Operating Environment and Exploration Runway Close (85km) to oil terminal at Matanzas (deep water port) Close to significant discovered fields (Varadero > 11 billion barrels of oil in place) Access to workforce: Cardenas approximately 5km west of Block 9 (population ~1
Slide 7: Our Journey to this point in Block 9
Our Journey to this point in Block 9 PSC (2,380 km2) located onshore and close to infrastructure Prequalified as Operator 2013 Identified Block 9 as preferred opportunity 2015 Melbana Energy awarded Block 9 PSC Mid-2016 opened Havana office Appointed experienced, high calibre ex-Cupet Cuba
Slide 8: What We Found in 2021/2022
What We Found in 2021/2022 Alameda-1 (TD of 3,916 mMD) intercepted three geologically independent reservoirs, each with moveable oil under high pressure, that were subsequently independently assessed1 to contain: Oil in place - 5.0 billion barrels Prospective Resource - 267 million barrels (gros
Slide 9: Latest news from Cuba: the current appraisal drilling campaign
Latest news from Cuba: the current appraisal drilling campaign First Appraisal Well: Alameda-2 Alameda-2 drilled and completed in Unit 1B. Plan is to bring production online as soon as practicable. Goal was to log, core and test all three units of the Amistad formation, intersected during the dril
Slide 10: Latest news from Cuba
Latest news from Cuba Alameda-2 drilling and testing complete Unit 1A recovered 11.7° API oil with 3,783 cP viscosity at surface from a 63 metre MD interval starting from 445 metres MD. Flow rates at surface not established but 40 barrels of oil flowed unassisted to surface (through a 32/64” choke
Slide 11: …and Australia?
…and Australia? Exploration well to be drilled by late 2024 Melbana has no liability for exploration drilling in WA-488-P and would Melbana sold its permit WA-488-P in late 2021 to a US$75 billion receive significant cash payments and royalties should it be successful. market cap Houston based For
Slide 12: Summary
Summary Fully funded in Cuba and has no financial commitments to upcoming Australia well Melbana has a first-class geoscience team that has a track record of advancing new ideas that have been taken up by some of the world’s largest oil and gas companies It also has a management team that has
Slide 13: Melbana Energy Limited contact details
Melbana Energy Limited ABN 43 066 447 952 Mezzanine Floor, 388 George Street Sydney NSW 2000 AUSTRALIA Contact Telephone: +61 (2) 8323 6600 Email: admin@melbana.com