Melbana Energy Limited · ASX:MAY
Melbana Energy — Shareholder Meeting (August 2018)
16 slides from Melbana Energy's shareholder meeting presentation, Aug 9, 2018
Slide 1: General Meeting
For personal use only General Meeting World Class Oil & Gas Exploration Acreage 9th August, 2018
Slide 2: Major Projects Summary
Major Projects Summary For personal use only Cuba (Block 9, 100%) USA • Onshore block in proven hydrocarbon system, ~30km from giant 11 billion barrel oil in place Varadero field USA USA • Independent Expert McDaniel & Associates (Canada) assessed Cuba prospectivity Block 9 Santa Cruz IOR • Multiple
Slide 3: Cuba – An Overview
Cuba – An Overview Why Cuba? For personal use only • Under-explored south-eastern margin of the Gulf of Mexico - one of the world’s great petroleum mega provinces • Limited application of modern exploration techniques due to 50+ year US embargo • Early mover advantage, few western oil companies pres
Slide 4: Cuba, Block 9 – Resource Assessment
Cuba, Block 9 – Resource Assessment For personal use only Independent Expert McDaniel & Associates assess Prospective Resources of up to 1.5 billion barrels of oil • Lightly explored but contains natural oil seeps and has several discoveries • Significant onshore footprint - 2,380km2 • Northern fold
Slide 5: Cuba, Block 9 – Leads in Conventional Play
Cuba, Block 9 – 19 Leads in Conventional Play Priority drill targets identified – Alameda, Zapato and Piedra For personal use only Havana Block 10 (Sherritt 100%) drilling exploration well Cuba Varadero Field is the largest oil field in Cuba with over 11 billion barrels of oil in place (10.5-14.3° A
Slide 6: Cuba, Block 9 – Alameda Prospect
Cuba, Block 9 - Alameda Prospect For personal use only Multi-target exploration drilling close to historic oil recoveries • Three individual target zones for Alameda, two up-dip of known oil recoveries • Marti-5 (1988) recovered oil (24°API) with oil shows over an 850 metre gross interval from Alame
Slide 7: Cuba, Block 9 – Zapato Prospect
Cuba, Block 9 – Zapato Prospect For personal use only Multiple structures with 200 million barrel oil exploration potential • Large robust structure targeting fractured carbonate objective • Working oil system - adjacent to shallower Motembo oil field which produced high quality light crude (50 – 64
Slide 8: Block 9 – Preparations for drilling
Block 9 - Preparations for drilling For personal use only Securing people, permits, equipment and services • Initiated field work with experienced local Cuban contractors • Field work surveys completed for Alameda-1 and Zapato-1 well sites, camp sites and access roads • Readily accessible well site
Slide 9: Cuba, Santa Cruz – Incremental Oil Opportunity
Cuba, Santa Cruz – Incremental Oil Opportunity For personal use only Multi-well producing oil field close to established infrastructure • Melbana has an exclusive right to assess potential for the enhancement of oil production from the Santa Cruz oil field and negotiate a long term incremental oil r
Slide 10: Cuba – Key focus areas
Cuba – Key focus areas For personal use only Block 9 • Successfully conclude Block 9 farmout with preferred farminees • Progress drilling readiness for two preferred targets ‒ Drilling rig ‒ Long Lead materials and services ‒ Environmental permitting Santa Cruz • Progress Santa Cruz technical study
Slide 11: Australia – Beehive Prospect
Australia – Beehive Prospect For personal use only Seismic Funding/Farmin Option Agreement with and . • Beehive is potentially the largest undrilled oil Darwin prospect offshore Australia • Adjacent to ENI’s Blacktip Gas Field PETREL • Independent Expert McDaniel & Associates Report estimates Prospe
Slide 12: Tassie Shoal Methanol and LNG Projects
Tassie Shoal Methanol and LNG Projects For personal use only Innovative low cost development paths for discovered stranded gas • Region has discovered undeveloped high CO2 gas that need a low cost development solution • Methanol and LNG plants on Tassie Shoal are lowest cost commercialisation paths
Slide 13: Non-core/Legacy Projects
Non-core/Legacy Projects For personal use only New Zealand (Melbana 30%) • Discovery at secondary target in recent (Feb 2018) drilling campaign • Likely future oil producer • Proceeding to secure tenure AC/P50 • Strategic review underway AC/P51 Australia (AC/P50 & AC/P51, Melbana 55%*) PEP51153 • Ra
Slide 14: Well positioned to increase shareholder value as we focus our portfolio
Well positioned to increase shareholder value as we focus our portfolio…. For personal use only Early mover advantage into Cuba energy sector with excellent oil & gas prospectivity and modest operating costs Demonstrated world class, large scale exploration potential for Block 9; farmout active Excl
Slide 15: Disclaimer
Disclaimer For personal use only Forward-looking Statements and Resources 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 16: Robert Zammit, Chief Executive Officer
For personal use only Robert Zammit Chief Executive Officer robert.zammit@melbana.com Telephone: +61 (3) 8625 6000 www.melbana.com