Melbana Energy Limited · ASX:MAY
Melbana Energy — Shareholder Meeting (November 2018)
13 slides from Melbana Energy's shareholder meeting presentation, Nov 15, 2018
Slide 1: CEO Presentation, Annual General Meeting
For personal use only CEO Presentation Annual General Meeting 15th November, 2018
Slide 2: Company Overview
Company Overview For personal use only Company Data 12 Month Share Price Performance Listed 1998 Exchange ASX (Ticker MAY) Shares on issue ~1,870 million Options/Rights ~178/~7 million Market Cap (13 Nov 18 ) ~A$30 million Cash (30 Sept 18) ~A$8.3 million Debt ~A$3.0 million Board and Management Ent
Slide 3: Major Projects Summary
Major Projects Summary Block 9, 100% For personal use only USA • Onshore block in Cuba’s northern fold belt trend • Potential of ~15.7 billion barrels of oil in place 1, USA USA recoverable Prospective Resources of 718 Cuba million barrels of oil1 Block 9 Santa Cruz IOR Santa Cruz • Existing oil fie
Slide 4: Strategic Overlay
Strategic Overlay For personal use only • Portfolio balance between • Traditionally large equity exploration, development and production position with large prospects • Continuous portfolio high grading • Farmout “heavy lifting” to large companies where possible • Examples High Impact • Examples ✓ S
Slide 5: Past year achievements – Cuba Block
Past year achievements – Cuba Block 9 For personal use only • Significant geoscience and technical work • Gravity and Magnetics Study supported Zapato prospect and confirmed structural interpretation • Alameda and Zapato engineering, procurement and permitting progressed in readiness for drilling •
Slide 6: Past year achievements – Australia (WA-488-P)
Past year achievements – Australia (WA-488-P) Beehive – the largest undrilled prospect in Australia For personal use only • Continued technical refinement • Completed farmout to Total and Santos − Total and Santos fully carry Melbana for 3D Seismic Survey costs − If either party exercises option to
Slide 7: Growth – Santa Cruz IOR Opportunity
Growth – Santa Cruz IOR Opportunity For personal use only • Potential to accelerate path to production in Cuba • Assess existing oil field, optimise sub-surface and surface facilities, identify new oil pools in existing field area • Initial technical assessment well progressed • Application of Block
Slide 8: Growth - Industry changes around Tassie Shoal Projects
Growth - Industry changes around Tassie Shoal Projects For personal use only • Melbana (100%) has Federal & State Government Environmental approvals valid to 2052 to build two methanol and one LNG plant • Evans Shoal and Barossa in race to replace declining Bayu-Undan production into Darwin LNG faci
Slide 9: The future….multiple company makers
The future….multiple company makers For personal use only Cuba – farminee to drill two wells in 2019 Santa Cruz – complete study, consider partner, field work 9
Slide 10: Multiple upcoming catalysts….
Multiple upcoming catalysts…. For personal use only Sign Letter of Intent for Cuba Block 9 farmout Seven potential Sign long nearagreement term binding term catalysts……. for Santa Cruz IOR (Dec, 2018) Sign long term binding agreement for Block 9 farmout (Dec, 2018) Sherritt Cuba Block 10 drilling re
Slide 11: Well positioned to increase shareholder value
Well positioned to increase shareholder value …. For personal use only Early mover advantage into Cuba energy sector World class exploration potential in Cuba Block 9 Cuba’s Santa Cruz oil field opportunity - potentially leading to early oil production Beehive - the largest undrilled hydrocarbon pro
Slide 12: 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
Slide 13: Questions?
For personal use only Questions? Visit www.melbana.com to request Company updates and/or follow us on Linkedin and Twitter Robert Zammit Chief Executive Officer robert.zammit@melbana.com Telephone: +61 (3) 8625 6000