Melbana Energy Limited · ASX:MAY
Melbana Energy — MEO Australia — Corporate Update (November 2007)
8 slides from Melbana Energy's corporate update, November 2007
Slide 1: Investor Update November 2007 – MEO Australia Key Assets
Investor Update November, 2007 MEO Australia Key Assets GTL Projects • Timor Sea LNG (90%) ¾ Uses low CO2 gas • Tassie Shoal Methanol (50%) ¾ Uses High CO2 gas • Both projects have secured 50 year EIA approvals NT/P68 (90%) • Untested gas discovery 11 Tcf GIP (Est. potential) in two horizons • Indep
Slide 2: Heron-1 Fugro inversion sections
NNE Heron-2A Heron-1 proposed Acoustic GR Impedance High impedance – Epenarra limestone Echuca Shoals Fm (Ep ena rra source rock) Low impedance - shale Impedance more continuous & solid on High – low impedance – Elang/Plover downdip flanks outside with interpreted fracturing & gas effects structural
Slide 3: Wells locations optimized with impedance maps
WELLS LOCATIONS OPTIMIZED WITH IMPEDANCE MAPS Darwin Formation Low (blue/green) better reservoir High (red) MEO Australia energy for the future MEO Australia Limited Darwin Fm: Epenarra Flamingo Elang/Plover Elang/Plover Heron Sth Heron Nth Flat Spot: Possible Gas-water contact PSDM TWT Relative Amp
Slide 4: Wells locations for 2007 appraisal drilling – West Atlas arrives in Darwin
WELLS LOCATIONS FOR 2007 APPRAISAL DRILLING MEO Australia energy for the future MEO Australia Limited West Atlas arrives in Darwin MEO Australia energy for the future MEO Australia Limited 4
Slide 5: Heron-2 Status
Heron-2 Status • Heron-2 spud date October 12, 2007 • Currently drilling 17½ inch hole to 2100m • Setting 13⅜ inch casing November 10 • Expected penetration of Darwin Fm (Epenarra) November 20 • 9⅝ inch casing point: 3400m MEO Australia energy for the future MEO Australia Limited WELLS TO CONFIRM CO
Slide 6: Gas will allow MEO to build an integrated GTL company
Gas will allow MEO to build an integrated GTL company (LNG & Methanol) MEO Australia energy for the future MEO Australia Limited Northwest Shelf Permits MEO Australia energy for the future MEO Australia Limited 6
Slide 7: Zeus Stratigraphic Play – 5 to 15 Tcf
Zeus Stratigraphic Play – 5 to 15 Tcf MEO Australia energy for the future MEO Australia Limited Legendre Sand Bright Events in Zeus Similar to Perseus Gasfield MEO Australia energy for the future MEO Australia Limited 7
Slide 8: MEO Australia Future
MEO Australia Future • NT/P68 & Northwest Shelf permits have scope to confirm significant, strategic gas • NT/P68 gas has rapid commercialization path via approved GTL projects • Secured first farm-in partner with strong operational expertise, particularly with fractured reservoirs like Epenarra • P