Melbana Energy Limited · ASX:MAY
Melbana Energy — MEO Australia — Investor Presentation (April 2007)
17 slides from Melbana Energy's investor presentation, April 2007
Slide 1: International Investor Update April 2007
International Investor Update April 2007
Slide 2: Presentation Disclaimer
MEO Australia Limited Presentation Disclaimer This presentation contains 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 assumption
Slide 3: MEO Capital Structure, Directors, Major Shareholders
MEO Capital Structure, Directors, Major Shareholders ASX Code MEO Latest Price* $ 0.67 Security Class Millions Substantial Shareholders % Ordinary shares 223.5 Cambrian Oil & Gas Plc+ 21.7% Options (Ex price/Expiry) Albers Group 9.8% $0.25, 30-Apr-07 51.0 Santos Limited 9.2% $0.50, 30-Nov-09 6.9 Dir
Slide 4: MEO Australia Assets
MEO Australia Assets Key GTL Projects • Timor Sea LNG (100%) ¾ Uses low CO2 gas • Tassie Shoal Methanol (50%) ¾ Uses High CO2 gas NT/P68 (100%) • Untested gas discovery 11 Tcf GIP (Est.) in two horizons - Heron-1 (1972) • Independent studies indicate high gas liquids and low CO2 in one horizon (Darw
Slide 5: GTL Projects - Unique Real Estate
GTL PROJECTS - UNIQUE REAL ESTATE Tassie Shoal has Commonwealth Environmental approvals for 3 globally competitive GTL projects MEO Australia energy for the future MEO Australia Limited
Slide 6: Building an integrated GTL company
Building an integrated GTL company (3 Mtpa LNG & 3.5 Mtpa Methanol) MEO Australia energy for the future MEO Australia Limited
Slide 7: Established Technical Solutions
Established Technical Solutions Proven LNG & methanol process technologies (Davy & APCI) Exxon Adriatic LNG Production ACE Re-gas terminal for TSLNG plant Similar design to TSMP Similar to Hang Tuah Vietnam (Conoco) MEO Australia energy for the future MEO Australia Limited
Slide 8: Gas & LNG Development Schedule
Gas & LNG Development Schedule 2006 2007 2008 2009 2010 2011 2012 Component Oct Nov Dec Mar Jun Sep Dec Mar Jun Sep Dec Cyear Cyear Cyear Cyear Seismic 3D acquisition 3D processing 3D interpretation 2D acquisition 2D processing 2D interpretation Epenarra outfill 3D Drilling H-2, B-1, H-3 Appraisal d
Slide 9: NT/P68 Activity Update
NT/P68 Activity Update • 600 km 2D infill over Blackwood acquired • Blackwood mapping nearing completion • 505 sq km 3D over Epenarra acquired • Initial 3D interpretation completed • Wells engineered • West Atlas jack-up rig secured to drill wells September 2007: Heron-2 & Blackwood-1 MEO Australia
Slide 10: Heron-2 to target 50m gas column in Darwin Fm.
Heron-2 to target 50m gas column in Darwin Fm. Heron-1 Logs Total Gas GR Resistivity Epenarra MEO Australia energy for the future MEO Australia Resistivity Log Limited
Slide 11: MEO Australia Limited
MEO Australia energy for the future MEO Australia Limited
Slide 12: Flat Event is Direct Hydrocarbon Indicator
Flat Event is Direct Hydrocarbon Indicator for possible Gas-Water Contact Equivalent Impedance Section Heron-1 well 3D Seismic data location Epenarra Darwin Fm Heron Nth ian U/ C Heron Sth Ti t ho n oir l an g reserv Top E Flat Event MEO Australia energy for the future MEO Australia Limited
Slide 13: Heron-1 well TD'd in Top Elang - Heron South
Heron-1 well TD’d in Top Elang - Heron South Elang/Plover gas column confirmed Gas in Darwin Fm. sandstone Gas in MEO Australia Elang/Plover Heron-1 Gamma Evans Shoal-2 energy for the future Ray & Sonic logs GammaMEO Ray Australia Limited
Slide 14: West Atlas rig secured to drill Heron-2
West Atlas rig secured to drill Heron-2 to appraise 11 Tcf GIP in 2 horizons MEO Australia energy for the future MEO Australia Limited
Slide 15: 3D Phase Attribute Analysis - Epenarra
3D Phase Attribute Analysis - Epenarra Heron-1 well Possible Heron-2 location Base Darwin Fm. Possible Intense Fracturing MEO Australia energy for the future MEO Australia Limited
Slide 16: Project Summary
Project Summary Activity Upstream Downstream Interests Interests Seismic NT/P68 (100%) LNG Project Methanol Projects: 50% (APCI) W Heron-2 100% Stage I Stage II e Epenarra and Heron 3+ mtpa 1.8 mtpa 5,000 t/d l Nth Appraisal US$1b US$872m 1.8 mtpa l 5.6 & 5.5 Tcf NPV* $1547M NPV* US$456M Superior #
Slide 17: MEO Australia Future
MEO Australia Future • Scope for significant, strategic gas and rapid commercialization path via approved GTL projects • Heron-2 well will test two targets from single location – Epenarra: Darwin Fm. 5.6 Tcf of wet gas – Heron North: Plover Fm. 5.5 Tcf • Blackwood-1 well: Plover Fm. 1-3 Tcf • Positi