Melbana Energy Limited · ASX:MAY
Melbana Energy — XI Convención y Exposición de Ciencias de la Tierra (Geociencias 2025)
16 slides from Melbana Energy's conference presentation, Apr 9, 2025
Slide 1: Últimos resultados de la exploración petrolera en el Bloque 9 (Marti-Corralillo)
ÚLTIMOS RESULTADOS DE LA EXPLORACIÓN PETROLERA EN EL BLOQUE 9 (MARTI- CORRALILLO) XI Convención y Exposición de Ciencias de la Tierra (Geociencias 2025): “Geociencias al servicio de la Sociedad y el Desarrollo”. La Habana. 7-11 de abril de 2025
Slide 2: Disclaimer
Disclaimer Summary of information: This presentation contains general and background information about Melbana will form the basis of any contract or commitment. This presentation is not a prospectus. Offers of securities in Energy’s activities current as at the date of the presentation and should n
Slide 3: Snapshot of Melbana's core value proposition
Snapshot of Melbana’s core value proposition ▪ Block 9 encompasses 2,344 sq. kms onshore Cuba adjacent to existing oilfield infrastructure World Class Onshore ▪ Three vertically stacked reservoirs discovered by Alameda-1: Amistad, Alameda, and Marti Oil Discovery ▪ The shallowest reservoir (Amistad)
Slide 4: Cuba Block 9: structural model on country entry
Cuba Block 9 : structural model on country entry Arc/Continent collision rolls up the carbonate succession into FTB Folded Upper sheet Mid Level Detachment (Vega Alta fm) Block 9 Duplexed Exposed Lower Sheet Lower Sheet Duplex Folded Upper sheet Fo ld ed Th ru s Tertiary Cover Eocene to t Paleocene
Slide 5: Cuba Block 9: asset description
Cuba Block 9 : asset description ‣ The Block encompasses 2,344 sq. kms in a single onshore PSC. ‣ Block 9 PSC is close to significant oil field Varadero (c. 11 billion barrels of OIIP) with c. 200 mmbbl produced (~14 kboepd at low operating cost of ~USD10/bbl) (*). ‣ A deep-water port, Matanzas, wit
Slide 6: Early success
Early success Alameda-1 (TD of 3,916 mMD) intercepted three geologically independent reservoirs, each with moveable oil under high pressure, that were subsequently independently assessed1 to contain oil in place of over 5 billion barrels Total 267 88 Amistad 1, 2 & 3 Alameda Marti million barrels 10
Slide 7: Appraisal wells
Appraisal wells First Appraisal Well Second Appraisal Well Alameda-2 Alameda-3 ‣ Goal was to log, core and test ‣ Goal was to log, core and test all three units of the Amistad the Alameda and Marti formation, intersected during formations observed in the drilling of Alameda-1 Alameda-1 between ~2,00
Slide 8: Appraisal drilling report card
Appraisal drilling report card Maiden Contingent Resource of 46mmbbl achieved and 38% increase in Amistad Prospective Resources Results Production Resources ALAMEDA-2 • Reached TD • Unit 1B • Unit 1B1,2 • No complications • Peak flow of 1900 bbl/d • Contingent Resource 46 mmbbl3 • 19° API relatively
Slide 9: Review of Alameda-3
Review of Alameda-3 WHAT HAPPENED? ‣ Side track required 2908mMD due to hole stability issues. ‣ Tool stuck in hole caused delays, reached total depth. ‣ High quality logs and cores acquired in both reservoirs ‣ Well logs showed good permeability and flow potential. ‣ However, was not able to instig
Slide 10: Formation Damage
Formation Damage LEARNINGS? ‣ Fluid-fluid and rock-fluid compatibility testing performed. ‣ “Varadero-blend. ‣ Future well design modified. 10
Slide 11: Cuba Block Structural Model
Cuba Block 9 Structural Model WHAT HAPPENED? ‣ On a wholistic basis, the post-drill structural model is remarkably similar to the original Melbana interpretation 11
Slide 12: Unit 1B oil qualities export grade
Unit 1B oil qualities export grade API Gravity V Sulphur Content Next six months ‣ Unit 1B favourable characteristics of lighter density, lower sulphur and Sulphur Content (% m/m) viscosity than analogues fields ‣ Oil assay indicated good cut of clear products and low asphaltenes ‣ Offtake term-shee
Slide 13: Resources Update
Maiden Contingent Resource and updated Prospective Resource for Unit 1B and Unit 1A reservoirs Resources Update Unit 1B in the eastern part of the Alameda structure ‣ Contingent Resource (Development Pending) . Unit 1B in the western part of the PSC ‣ Prospective Resource (Chance of Discovery of 70%
Slide 14: Next two wells to be focused on maximising Unit-1B intersection
Next two wells to be focused on maximising Unit-1B intersection ‣ Amistad-2 is immediately up-dip from Alameda-2 (Amistad-1). ‣ Amistad-3 is designed for maximising Unit-1B reservoir penetration. ‣ Both wells will be deviated ~30 degrees to south. 14
Slide 15: Amistad Unit-1B field development program
Amistad Unit-1B field development program SHORT TERM PRODUCTION PROGRAM ‣ Workover Alameda-2 ‣ Recommence production from Unit 1B. ‣ Export of first oil to test logistics, storage and commercial arrangements. ‣ Progressively construct offset well pads. ‣ Starting drilling new Unit 1B production well
Slide 16: Questions?
Questions? Mezzanine Floor, 388 George Street Sydney NSW 2000 Australia Telephone +61 2 8323 6600 Email admin@melbana.com Melbana Energy Limited ABN 43 066 447 952
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