Melbana Energy Limited · ASX:MAY
Melbana Energy — Corporate Update (July 2024)
18 slides from Melbana Energy's corporate update, Jul 11, 2024
Slide 1: Shareholder Webinar Block 9 Update
Shareholder Webinar Block 9 Update 11 July 2024
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: Agenda
AGENDA 1.Operations Review 2. Forward Plan 3. Q&A 3
Slide 4: Operations Review
é Melbana Energy Operations Review
Slide 5: Alameda-2 Appraisal Well
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Slide 6: FY2024 Report Card: Alameda-2 Appraisal Well
FY2024 REPORT CARD ALAMEDA-2 APPRAISAL WELL • Safely reached target total depth • Unit 1B • Unit 1B1,2 - Peak flow of 1900 BOPD - Contingent Resource 48 mmbbl3 • No complications - 19° API relatively sweet oil - Prospective Resource 90 mmbbl3 • On time and on budget • Units 1A and 3 • Unit 1A1,2 - P
Slide 7: Alameda-3 Appraisal Well
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Slide 8: FY2024 Report Card: Alameda-3 Appraisal Well
FY2024 REPORT CARD ALAMEDA-3 APPRAISAL WELL • Safely reached target total depth • No flow tests successfully • No immediate contribution to daily undertaken production • Not without complications • Reconfirmed presence of oil in • No immediate upgrade or increase • In excess of time and budget deepe
Slide 9: FY2024 Report Card: Field Development Preparations
FY2024 REPORT CARD FIELD DEVELOPMENT PREPARATIONS • Storage tank allocation at terminal • Permission to export 100% of joint • Farmout process underway venture oil entitlement received • Staged logistics planning concepts • Offtake/financing discussions with • Joint oil marketing oil traders • Permi
Slide 10: Review of Alameda-3
REVIEW OF ALAMEDA-3 WHAT HAPPENED? ‣ Side track required 2908mMD due to hole stability issues ‣ Tool got stuck in hole causing delays ‣ Despite these setbacks, successfully reached TD ‣ High quality logs and cores acquired in both reservoirs and suggestive of good permeability and flow potential ‣ F
Slide 11: Forward Plan
é Melbana Energy Forward Plan is J ax y SS
Slide 12: Unit 1B Field Development Program
UNIT 1B FIELD DEVELOPMENT PROGRAM SHORT TERM ‣ Recommence production from Unit 1B ‣ Complete export of first cargo of oil to analyse performance of logistics, storage and commercial arrangements ‣ Progressively construct offset well pads ‣ Starting drilling new Unit 1B production wells GOALS OF PHAS
Slide 13: Phase 1 - Unit 1B Development Wells
PHASE 1 - UNIT 1B DEVELOPMENT WELLS ‣ Pads 2 and 4 are on an adjacent seismic line to Amistad-1 in an up-dip location ‣ Follow up locations at Pad-4N, Pad-2S, Pad-8 and north of Amistad-1 ‣ Shallow, simple wells designed to produce from entire extensive net pay interval PAD-4 PAD-2 Tertiary VA U1A U
Slide 14: Phase 1 - Potential Export Route
PHASE 1 - POTENTIAL EXPORT ROUTE 14
Slide 15: Phase 1: Matanzas Supertanker Facility to Export Vessel
PHASE 1: MATANZAS SUPERTANKER FACILITY TO EXPORT VESSEL ‣ Trucks can unload into receiving pits ‣ Melbana Block 9 crude can be stored in dedicated tanks ‣ Negotiating access to total storage of 250,000bbl for optimal parcel size economics ‣ At 5,000 bbl/d production rate initial export frequency wou
Slide 16: Phase 1: Pathway to First Oil from Cuba
PHASE 1: PATHWAY TO FIRST OIL FROM CUBA 2024 2025 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN Milestones First Oil Trial Export Export Studies/Engineering Stimulation/Fm. Damage Acid Stimulation Study Formation Damage - Drilling Practices Export Facility Engineering In-Field Processing Engineeri
Slide 17: Phase 1: Field Development and Commercialisation Update
PHASE 1: FIELD DEVELOPMENT AND COMMERCIALISATION UPDATE Process Approvals Logistics Offtake Funding • Export of 100% • Right to export • Agreements for • Advanced • Potential (JO share) of all JO’s share of trucking, storage discussions with farminees higher quality oil production and export being o
Slide 18: é Melbana
é Melbana Energy