Melbana Energy Limited · ASX:MAY
Melbana Energy — MEO Australia — Shareholder Meeting (November 2009)
13 slides from Melbana Energy's shareholder meeting presentation, Nov 18, 2009
Slide 1: Annual General Meeting of Shareholders
Disclaimer This presentation includes certain forward-looking statements that have been based on current expectations p 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
Slide 2: Agenda
Agenda 1 Introduction Nicholas Heath ‐ Chairman 2 Items of business Item 1 3 Progress report on activities Jürgen Hendrich – MD and CEO 4 Items of Business Items 2‐4 5 Close of Meetingg 6 The Artemis prospect David Maughan – Exploration Manager 7 Refreshments Meet the MEO Team
Slide 3: Introduction
Introduction Nicholas Heath - Chairman 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 Non executive director Non‐executive Non executive director Non‐executive
Slide 4: Ordinary Business
Ordinary Business item 1 ORDINARY BUSINESS Item 1. Financial Report To receive and consider the Annual Financial Report for the year ended 30 June 2009 and the reports off the th Directors Di t and dAAuditor dit ththereon.
Slide 5: Update on activities
Update on activities Jürgen Hendrich – MD and CEO
Slide 6: 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 7: Strong asset portfolio
Strong asset portfolio Opportunities for steady growth Segment Asset Summary Strategy Summary Timor o Sea gas processing p ocess g hub ub o on Tassie ass e SShoal oa Development e e op e t potential pote t a • Environmental approvals in place for: • Under Commonwealth EPBC Act ‐ 1 x 3.0 Mtpa LNG pla
Slide 8: Review of year
Review of year a year to position for future growth 2H2008 2009 RDI Strategic Alliance execute • Conditional alliance agreed (WA‐359‐P, WA‐ 360‐P, WA‐361‐P, NT/P68, Tassie Shoal Projects) commit well preparations drill post well analysis • WA‐361‐P Zeus‐1 well • WA‐359‐P, WA‐360‐P, NT/P68 options la
Slide 9: Status of WA-360-P Farmin
Status of WA-360-P Farmin Finalising approvals 2009 1H 2010 Technical Due Diligence • Data room < Bids : • Received > • Bids accepted • Farmin Agreement neg. Commercial Due Diligence data provided • Initial discussions • Visit & agreement Farminee Approvals Pre‐bid • Management • Board of Directors
Slide 10: Capital structure post capital raising
Capital structure post capital raising Strengthened balance sheet Ordinary shares million Pre‐placement Ordinaryy shares 407.2 Treasury shares 10.1 Available to sell into market Sub Total 417.3 Placement 59.9 Raised $26.9m @ $0.45, 17th Nov Total 477.2 Options 30 November 2009 3.4 Potential to raise
Slide 11: The year ahead
The year ahead Crystallise value in portfolio and add new projects 2H 2009 2010 TSMP and TSLNGP ongoing discussions negotiate • Seek strategic partner(s) for projects and negotiate to secure 3rd party gas • Technical and engineering enhancements • Ongoing commercialisation discussions WA‐359‐P studi
Slide 12: Ordinary Business
Ordinary Business items 2 - 4 ORDINARY BUSINESS (continued) Item 2. Remuneration Report To consider and, if thought fit, pass the following non-binding resolution as an ordinary resolution: “That the Remuneration Report for the year ended 30 June 2009 be adopted”. This is a non-binding advisory vote
Slide 13: Close of Meeting
Close of Meeting Questions MEOAustralia energy for the future Joint Petroleum Development Area Bayu-Undan East Artemis Prospect (est 12 Tcf) Pana 7 ny nine strategically placed ‘Annual Report 2000 Accommodation and Control Platform (ACP) ‘yee AVaN H - Daily CandleStick Chart tit ie j ar i" i LNG Pla