Melbana Energy Limited · ASX:MAY
Melbana Energy — Corporate Update (December 2023)
26 slides from Melbana Energy's corporate update, Dec 20, 2023
Slide 1: Investor Webinar Presentation
Investor Webinar Presentation SYDNEY, AUSTRALIA (20 December 2023) Melbana Energy Limited (ASX: MAY, Melbana) is pleased to advise it will host an investor webinar at 11:00 AM AEST on Wednesday, 20 December 2023. Melbana will be providing further updates on the latest progress and ongoing operations
Slide 2: Webinar 20 December 2023
Webinar 20 December 2023
Slide 3: 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 4: Transformational year: $1b company, $31m cash in bank
Transformational year A lot has happened since last year Corporate Cuba Australia ‣ Strategy focused to become ‣ Alameda-2 confirms shallow, ‣ Billion-barrel Beehive prospect to be $1b company high quality development project ‣ Alameda-2 early production drilled as early as 2024 by major ‣ Adjacent
Slide 5: 2023 appraisal operation success
2023 appraisal operation success First Appraisal Well Second Appraisal Well Alameda-2 Alameda-3 ‣ Goal was to log, core and test ‣ Drilling commenced all three units of the Amistad formation, intersected during ‣ Test the Alameda and Marti formations the drilling of Alameda-1 between 450m and ~2,000
Slide 6: 10,000 psi BOP and time vs depth plan
Alameda-3 time vs depth plan Upgraded 10,000 psi BOP wellhead Installed after setting 18-5/8” Built to handle 18 5/8” casing casing to drill 17-1/2” section at up to 10,000 psi 5
Slide 7: Drill 17-1/2" Hole
Alameda-3 operations / test sequence ‣ Drill 17-1/2” Hole to top of Unit-3 Unit-3 Alameda Reservoir Marti Reservoir 6
Slide 8: Run and Cement 13-3/8" Casing
Alameda-3 operations / test sequence ‣ Run and Cement 13-3/8” Casing to isolate higher 13-3/8” Casing Shoe pressure Unit-3 intervals from shallower zones ‣ Once 13-3/8” casing cemented production can continue in Alameda-2 Alameda Reservoir Marti Reservoir 7
Slide 9: Drill ~100m into Unit-3 and run Test-1
Alameda-3 operations / test sequence ‣ Drill ~100m into Unit-3 and run Test-1 in open hole 13-3/8” Casing Shoe Unit-3 DST-1 Open Hole Alameda Reservoir Marti Reservoir 8
Slide 10: Drill 12-1/4" hole
Alameda-3 operations / test sequence ‣ Drill 12-1/4” hole to top of Alameda Reservoir Interval 13-3/8” Casing Shoe Unit-3 DST-1 Open Hole Alameda Reservoir Marti Reservoir 9
Slide 11: Set 9-5/8" Casing
Alameda-3 operations / test sequence ‣ Set 9-5/8” Casing to secure the well and protect 13-3/8” Casing Shoe intervals already Unit-3 DST-1 Open Hole drilled from higher pressure 9-5/8”” Casing Shoe Alameda Reservoir Marti Reservoir 10
Slide 12: Drill 8-1/2" hole
Alameda-3 operations / test sequence ‣ Drill 8-1/2” hole to base of Alameda 13-3/8” Casing Shoe Reservoir Interval Unit-3 DST-1 Open Hole 9-5/8”” Casing Shoe Alameda Reservoir Marti Reservoir 11
Slide 13: Set 7" Liner with open annulus
Alameda-3 operations / test sequence ‣ Set 7” Liner with open annulus and external 13-3/8” Casing Shoe casing packers to Unit-3 DST-1 Open Hole isolate potentially 3 zones within the Alameda Reservoir Interval 9-5/8”” Casing Shoe Alameda Reservoir Marti Reservoir 7” Casing Shoe 12
Slide 14: Drill to Total Depth
Alameda-3 operations / test sequence ‣ Drill to Total depth within the Marti Reservoir 13-3/8” Casing Shoe Interval Unit-3 DST-1 Open Hole 9-5/8”” Casing Shoe Alameda Reservoir Marti Reservoir 7” Casing Shoe TD ~3835mMD 13
Slide 15: Set 4-1/2" Slotted Liner
Alameda-3 operations / test sequence ‣ Set 4-1/2” Slotted liner over Marti Reservoir Interval 13-3/8” Casing Shoe Unit-3 DST-1 Open Hole Alameda Reservoir Marti Reservoir 7” Casing Shoe 4-1/2” Slotted Liner TD ~3835mMD 14
Slide 16: Run Test-2 in the Marti Reservoir Interval
Alameda-3 operations / test sequence ‣ Run Test-2 in the Marti Reservoir Interval through 13-3/8” Casing Shoe the slotted liner Unit-3 DST-1 Open Hole Alameda Reservoir Marti Reservoir 7” Casing Shoe 4-1/2” Slotted Liner DST-2 TD ~3835mMD 15
Slide 17: Set a removable bridge plug
Alameda-3 operations / test sequence ‣ Set a removable bridge plug to isolate Marti 13-3/8” Casing Shoe Reservoir Interval Unit-3 DST-1 Open Hole from lower pressured Alameda Reservoir Interval Alameda Reservoir Marti Reservoir 7” Casing Shoe 4-1/2” Slotted Liner DST-2 TD ~3835mMD 16
Slide 18: Provision to perforate and test Alameda zones
Alameda-3 operations / test sequence ‣ Provision to perforate and test up to 3 13-3/8” Casing Shoe Alameda Unit-3 DST-1 Open Hole Reservoir Interval zones either separately or comingled depending on well results Alameda Reservoir DST-5 Perforated DST-4 Perforated DST-3 Perforated Marti Reservoir 7”
Slide 19: Complete Best zone for Production
Alameda-3 operations / test sequence ‣ Complete Best zone for Production 13-3/8” Casing Shoe Unit-3 DST-1 Open Hole Alameda Reservoir DST-5 Perforated DST-4 Perforated DST-3 Perforated Marti Reservoir 7” Casing Shoe 4-1/2” Slotted Liner DST-2 TD ~3835mMD 18
Slide 20: Field Development Planning
é Melbana Energy Field Development Planning
Slide 21: Forward plan
Forward plan Step 1 Step 2 Step 3 Step 4 Studies Underway Field Appraisal Near term development Full field development ‣ Geological, engineering, ‣ Appraisal drilling (including ‣ Convert appraisal wells to ‣ Drill further development commercial & marketing Alameda-3), integrate production wells to
Slide 22: Amistad Unit 1B conceptual development
Amistad Unit 1B conceptual development * 40,000 Unit 1B development plan including 35,000 contributions from A-2 and A-3 30,000 25,000 20,000 bopd 15,000 10,000 5,000 - 2024 2025 2026 2027 2028 2029 2030 2031 2032 ——— Amistad Unit 1B Project ——— = 1 well drilled in Unit 1B * Conceptual plan, assumes
Slide 23: Unit 1B oil qualities export grade
Unit 1B oil qualities export grade Next six months ‣ Unit 1B favourable characteristics API Gravity V Sulphur Content of lighter density, low sulphur and low viscosity ‣ Oil characteristics study underway to understand price against regional oil price markers ‣ Discussions underway with Sulphur Cont
Slide 24: Pathway to market being clarified
Pathway to market being clarified Matanzas Supertanker Port Varadero Tank Battery ‣ Utilise facilities at Alameda ‣ Existing trucking from Alameda to Varadero Tank Battery (VTB) ‣ Conclude exclusive storage at VTB ‣ Pre-FEED study of pipeline routes to VTB ‣ Pre-FEED study of pipeline from Alameda t
Slide 25: Oil export options
Oil export options Existing Matanzas Supertanker Port ‣ Import and export facilities ‣ Deep water channel ‣ Situated at the mouth of the River Yumuri and River San Juan in Matanzas Bay, northern Cuba ‣ Port is formed by an inlet length of 8km and a width of 6km ‣ Deep water is located 120m from shor
Slide 26: 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