Melbana Energy Limited · ASX:MAY
Melbana Energy — MEO Australia — Casimir Capital Global Natural Resources Conference 2011
12 slides from Melbana Energy's conference presentation, May 2011
Slide 1: MEO Australia Limited – Activity Overview
Disclaimer This presentation 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 assumptions that could cause those acts, events and ci
Slide 2: Corporate snapshot
Corporate snapshot Solid cash position with strong near term growth potential MEO Australia Limited (ASX: MEO; OTC: MEOAY) • Highly experienced team with Major E&P Company backgrounds Issued ordinary shares 539.9m Unlisted options 10.4m − Board − Management Market Cap (undiluted @ $0.20) A$108m − Te
Slide 3: Portfolio
Portfolio Balanced portfolio focused on gas exploration and development Exploration Potential Discovered Resources Approved Projects New Ventures
Slide 4: Premier North West Shelf LNG acreage position
Premier North West Shelf LNG acreage position Near existing LNG projects – low economic development threshold WA-361-P (MEO 50%) WA-360-P (MEO 25%) Perseus North Rankin Artemis-1 Location Goodwyn Pluto Project Echo/Yodel Keast/Dockrell Wheatstone NWS Project Pluto Iago Wheatstone Project 0 20 km Bru
Slide 5: Significant NT acreage position with gas discoveries
Significant NT acreage position with gas discoveries 3 Existing Permits – 3 Applications Submitted Evans Shoal Joint Blackwood Petroleum Heron Development Tassie Area Bayu Shoal Undan NT/P68 MEO: 100% (pre-farmout) AC/P50 MEO: 100% Darwin Crux AC/P51 MEO: 100% Petrel/Tern/Frigate Ichthys/Prelude Bla
Slide 6: Heron gas discovery – farmin offer accepted
Heron gas discovery – farmin offer accepted Best estimate, prospective resource ~5 Tcf Blackwood East Heron-2 Heron-1 Blackwood Well Well NT/P68 Heron Line of Cross Section Lowest Known Gas (LKG) = 4115m SS GCA Mid Case = gas down to 4133m SS Heron North Heron South MEO mapped structural spill point
Slide 7: Tassie Shoal Projects have environmental approvals
Tassie Shoal Projects have environmental approvals A modular hub ready for gas of any quality... Accommodation and Control Platform (ACP) Methanol Plant LNG Plant (5,000 tpd/1.75 Mtpa Stage 1 only) Methanol Gas (3.0 Mtpa) (For CO2 sequestration) N Loading Buoy Supply MEO 100% MEO 50%, Air Products 5
Slide 8: ~25 Tcf of undeveloped, CO2 challenged gas
~25 Tcf of undeveloped, CO2 challenged gas Projects provide CO2 solution to unlock regional value Timor-Leste 2500m 8% Abadi Indonesia Greater 4% Australia Sunrise % Barossa CO2 Evans 16% Shoal 28% Caldita Blackwood Joint Petroleum NT/P68 13% Development (100% MEO, Heron pre-farmout) Evans Shoal-2 A
Slide 9: Sequestering CO2 into a saleable product (methanol)
Sequestering CO2 into a saleable product (methanol) Enables gas with moderate CO2 content to be sanitized for LNG production Sequestration in companion Methanol plant 9% CO2 Feed Gas Example 74% of feed 67% of revenue LNG US$1.36bn/yr 480 mmscfd LNG Plant 3.0 Mtpa (at average 2006-present $ 4.5 Tcf,
Slide 10: Projects provide optionality & flexibility
Projects provide optionality & flexibility Methanol plant has substantially lower reserves threshold than LNG 30 Uneconomic (unless blended) 25 2 Methanol Plants 1 Methanol Plant 3 Mtpa LNG + 1 Methanol Plants 20 CO2 Content (%) 3 Mtpa LNG + 2 Methanol Plants 15 10 CO2 sequestration Uneconomic 5 (un
Slide 11: New Ventures
New Ventures Leveraging our competitive strengths • Focus technical and commercial skills and experience to deliver the highest value opportunities Screen • Concentrate on proven, established basins and plays where team has experience – expanding internationally • Gaining entry to new opportunities
Slide 12: MEO Australia Limited
MEO Australia Limited • Highly experienced personnel • Proven exploration operator with prospective acreage • Existing gas discoveries with plans to appraise • Commercialisation path for high CO2 gas – proven technology, in house IP • Ability to sanitise moderate CO2 gas for LNG production • Establi
MEO Australia — Casimir Capital Global Natural Resources Conference 2011 on 6ix