Melbana Energy Limited · ASX:MAY
Melbana Energy — Shareholder Meeting (November 2019)
14 slides from Melbana Energy's shareholder meeting presentation, Nov 22, 2019
Slide 1: Melbana Energy Annual General Meeting
For personal use only Melbana Energy Annual General Meeting Melbourne 22 November 2019
Slide 2: Company Overview
Company Overview For personal use only Company Data 12 Month Share Price Performance 0.020 16,000,000 Listed 1998 0.018 14,000,000 Exchange ASX (“MAY”) 0.016 12,000,000 0.014 Shares on issue ~1,882 million 0.012 10,000,000 SHARE PRICE VOLUME 0.010 8,000,000 Market Cap (20 Nov 19) ~ $17 million 0.008
Slide 3: Major Projects Summary
Major Projects Summary Cuba (Block 9, 100%) For personal use only USA • Onshore block in proven hydrocarbon system USA USA • Potential of ~14.8 billion barrels of oil in place, Cuba recoverable Prospective Resources of 676 million Block 9 barrels of oil1 Santa Cruz IOR Cuba (Santa Cruz) • Binding ag
Slide 4: Cuba, Block 9 – Resource Assessment
Cuba, Block 9 – Resource Assessment McDaniel & Associates assess Prospective Resources up to 1.5 billion barrels For personal use only • Large footprint - 2,340km2 • Lightly explored • Along trend from Varadero oil field • 3 prospects, 16 leads identified • Potential for large Varadero type structur
Slide 5: Cuba, Block 9 - Alameda Prospect
Cuba, Block 9 - Alameda Prospect Multi-target exploration drilling close to historic oil recoveries For personal use only • 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 • 32% chan
Slide 6: Cuba, Block 9 – Zapato Prospect
Cuba, Block 9 – Zapato Prospect Multiple structures with 200 million barrel oil exploration potential For personal use only • Large fractured carbonate objective • Working oil system - adjacent to shallower Motembo oil field which produced high quality light crude (50 – 64.5° API) • Crest of structu
Slide 7: Block 9 - Preparations for drilling
Block 9 - Preparations for drilling Securing people, permits, equipment and services For personal use only • Field work surveys completed for Alameda-1 and Zapato-1 well and camp sites • Civil engineering design completed • Preferred civil works contractor identified Permitting • Well defined regula
Slide 8: Northern Australia: WA-488-P : Beehive Prospect
Northern Australia: WA-488-P : Beehive Prospect Seismic Funding/Farmin Option Agreement with Santos and Total. For personal use only • Largest undrilled oil prospect offshore Darwin Australia • Independent Expert McDaniel & Associates PETREL Report assessed 388 MMboe best estimate FRIGATE TERN • Tot
Slide 9: Beehive 3D seismic: Improvement in Top Reservoir Map
Beehive 3D seismic: Improvement in Top Reservoir Map 2017 reprocessed King Shoals 2D seismic Beehive 3D seismic For personal use only 5km 5km Preliminary interpretation reveals: • Overall resolution of the Beehive isolated platform has improved with sharper edges providing more confidence in structu
Slide 10: Tassie Shoal Projects - Industry Developments
Tassie Shoal Projects - Industry Developments • Melbana (100%) has Federal & State For personal use only Government Environmental approvals valid to 2052 to build two methanol and one LNG plant • Evans Shoal and Barossa in race to replace declining Bayu-Undan production into Darwin LNG facilities •
Slide 11: Melbana offer for Metgasco
Melbana offer for Metgasco For personal use only 1. On 15 July 2019 Melbana Energy announced its intention to offer four of its shares for each share of Metgasco Limited (ASX:MEL) 2. Key conditions include Melbana Energy receiving acceptances for a minimum of 50.1% of Metgasco shares on issue and no
Slide 12: Possible near term business events for Melbana
Possible near term business events for Melbana……. For personal use only Santos decision on Beehive exploration well (by 4 December 2019) Sign binding agreement for Block 9 farmout (target Q4 2019) Sign binding agreement for Santa Cruz (target Q1 2020) Block 9 drilling of first exploration well (targ
Slide 13: Disclaimer
Disclaimer Forward-looking Statements and Resources For personal use only 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 14: For personal use only
For personal use only Please visit our website for more information and/or follow us on LinkedIn and Twitter Andrew Purcell Melbana Energy Limited andrew.purcell@melbana.com Telephone: +61 (3) 8625 6000 www.melbana.com