Melbana Energy Limited · ASX:MAY
Melbana Energy — Investor Presentation (August 2025)
21 slides from Melbana Energy's investor presentation, Oct 8, 2025
Slide 1: ASX Announcement: Corporate Presentation Amendment
ASX ANNOUNCEMENT 8 October 2025 Corporate Presentation Amendment Melbana Energy Limited (ASX: MAY) (Melbana or the Company) refers to its announcement released to the ASX on Thursday, 21 August 2025 titled ‘MAY Corporate Presentation August 2025’ (“Announcement”). For personal use only The Announcem
Slide 2: Melbana Energy Limited Corporate Presentation
Melbana Energy Limited For personal use only ASX Code : MAY Corporate Presentation 19 August 2025
Slide 3: Disclaimer
Disclaimer Summary of information: This presentation contains general and background information about Melbana Energy’s be issued by Melbana Energy have not been and will not be registered under the US Securities Act of 1933, as activities current as at the date of the presentation and should not be
Slide 4: Why Invest in Melbana?
Why Invest in Melbana? 46 million barrel (2C)1,2 Near term price catalyst – Ongoing production since Producing oil discovery results from first dedicated April 2025 - building onshore in the production well in Cuba inventory for first cargo Gulf of Mexico expected mid October 2025 For personal use o
Slide 5: Our projects
Our projects Australia ‣ WA-544-P & NT/P87 (Hudson) (100%) Cuba ‣ AC/P70 (100%) ‣ WA-552-P (100%) For personal use only ‣ WA-488-P (contingent cash/royalty interest) ‣ Tassie Shoal Projects (100%) Cuba ‣ Block 9 (30%) 4
Slide 6: Cuba
For personal use only Cuba Alameda
Slide 7: Cuba – Operating Environment
CUBA – OPERATING ENVIRONMENT ‣ Melbana personnel have significant experience in analogous geology and petroleum systems. ‣ US embargo on Cuba means an under-explored and under-developed south-eastern margin of the Gulf of Mexico – one of the world’s great petroleum mega provinces. ‣ Strong governmen
Slide 8: Cuba – Summary of Field Activities
CUBA – SUMMARY OF FIELD ACTIVITIES For personal use only Block 9 Production Sharing Contract ‣ Melbana (Operator and 30%) partnered with Sonangol (70%), the Angolan National Oil Company. ‣ Onshore block adjacent to proven petroleum system valid to 2040. ‣ Level sealed road access to oil storage and
Slide 9: Maiden Contingent Resource and updated Prospective Resource
Maiden Contingent Resource and updated Prospective Resource for Unit 1B and Unit 1A reservoirs Resources Update Unit 1B in the eastern part of the Amistad structure ‣ Contingent Resource (Development Pending – 70% chance) . Unit 1B in the western part of the structure For personal use only ‣ Prospec
Slide 10: First dedicated production well (Amistad-2)
First dedicated production well (Amistad-2) to focus on maximising production from Unit-1B For personal use only ‣ Amistad-2 to target shallow Unit 1B in Amistad sheet only. ‣ 200 metres updip from Amistad-1, which produced at a sustainable rate of more than 1200 barrels per day. ‣ Long open hole to
Slide 11: Second dedicated production well (Amistad-3)
Second dedicated production well (Amistad-3) also targeting Unit-1B but in a different location For personal use only ‣ Amistad-3 has an even longer intercept of the reservoir, also intercepting significant fracturing. 10
Slide 12: Planning, Offtake and Financing
• Transport/storage procedures • Permission to export 100% of oil • >$200 million spent to date • Shipping/offtake procedures • >30,000 barrels produced to date • Future revenues from oil sales For personal use only • Permitting procedures • Demand for oil of this quality • Indicative financing term
Slide 13: Australia
For personal use only Australia
Slide 14: Australian opportunities – near term catalysts
Australian opportunities – near term catalysts AC/P70 For personal use only • AC/P70 positioned to take advantage of proximate projects needing more gas for their expansion plans. Offers due end of September 2025. • WA-488-P (Beehive) – Title owner has received environmental approvals to drill up to
Slide 15: Corporate
For personal use only Corporate
Slide 16: Corporate snapshot: an experienced team with a proven track record
Corporate snapshot: an experienced team with a proven track record As of 18 August 2025 Company Information Andrew Purcell Michael Sandy Peter Stickland Uno Makotsvana Chris McKeown Executive Chairman Non-Executive Director Non-Executive Director CFO & Co Secretary CCO Company Melbana Energy Limited
Slide 17: Daily Price and Volume (5 Years)
Daily Price and Volume (5 Years) 0.20 350,000 0.18 300,000 0.16 For personal use only 250,000 0.14 0.12 200,000 0.10 150,000 0.08 0.06 100,000 0.04 50,000 0.02 0.00 0 MAY volume (000's) (RHS) MAY share price ($/share) 16
Slide 18: Drilling Program Overview
Drilling Program Overview For personal use only ‣ Melbana developed its Reservoir Drilling Fluid using information gained from its appraisal well program and lab results to reduce potential for reservoir ‣ Simplified single target well design for damage. development wells. ‣ Shallow kick-off from ve
Slide 19: Development Plan
Development Plan ‣First (and contingent second) production well in 2025. 2000m ‣At least five more production wells planned for 2026. ‣30 well locations identified from existing 2D seismic. For personal use only ‣Progressively increase production volumes with sales revenues to be applied to field de
Slide 20: Summary
Summary Cuba ‣Significant onshore oil discovery close to infrastructure. ‣Workover of appraisal well completed and on constant production since April 2024. ‣First dedicated production well to be drilled in September 2025. For personal use only ‣Ambition is to fund field development from oil producti
Slide 21: Melbana Energy Limited contact
For personal use only Melbana Energy Limited ABN 43 066 447 952 Mezzanine Floor, 388 George Street Sydney NSW 2000 AUSTRALIA Contact Telephone: +61 (2) 8323 6600 Email: admin@melbana.com