Melbana Energy Limited · ASX:MAY
Melbana Energy — Shareholder Meeting (November 2022)
13 slides from Melbana Energy's shareholder meeting presentation, Nov 22, 2022
Slide 1: Annual General Meeting 22 November 2022
For personal use only MELBANA ENERGY LIMITED Annual General Meeting 22 November 2022
Slide 2: Disclaimer
Disclaimer 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 For personal use only comprehensive or to comprise all the information that an investor sho
Slide 3: Index
Index 1. The Year in Review For personal use only 2. What We Have Found 3. Cuba, Block 9 – Operating Environment and Exploration Runway 4. What Next for Cuba? 5. …and Australia? Jenny, Armando, William and Emilio - Melbana Energy, Cuba 6. Funding Position and Corporate Initiatives 7. Summary 3
Slide 4: The Year in Review
The Year in Review Reached target depth on both of the first two exploration wells in Cuba, despite For personal use only challenging international operating environment due to COVID-19 Alameda - 1 Achieved target total depth in April 2022 Intersected moveable oil in three independent reservoirs
Slide 5: What We Have Found
What We Have Found Alameda-1 intercepted three geologically independent reservoirs, each with For personal use only moveable oil under high pressure, that were subsequently independently assessed1 to contain: Oil in place - 5.0 billion barrels Prospective Resource - 267 million barrels (gross un
Slide 6: What We Have Found (Melbana 30%)
What We Have Found (Melbana 30%) The results from the Alameda-1 exploration well increased the pre drill For personal use only prognosed Prospective Resources (gross unrisked best estimate)* by 89% Pre drill, prognosed volumes independently estimated to be 141 million barrels of Prospective Resour
Slide 7: Cuba, Block 9 – Operating Environment and Exploration Runway
Cuba, Block 9 – Operating Environment and Exploration Runway Close to oil terminal at Matanzas (~85km) For personal use only Close to significant discovered fields (Varadero > 11 billion barrels of oil in place) Access to workforce: Cardenas approximately 5km west of Block 9 (population ~100,0
Slide 8: What Next for Cuba?
What Next for Cuba? First Appraisal Well: Alameda-2 Two wells to be drilled in 2023 to appraise the three oil For personal use only reservoirs encountered by Alameda-1, any of which can Drilling to commence Q1 2023 be immediately put on production if successful Test all three units of the Amista
Slide 9: …and Australia?
…and Australia? Exploration well to be drilled by Q3 2023 Melbana has no liability to the drilling of this exploration well and For personal use only would receive significant cash payments should it be successful Melbana sold its permit WA-488-P in late 2021 to a US$80 billion market cap Houston
Slide 10: Funding Position and Corporate Initiatives
Funding Position and Corporate Initiatives Melbana has a 30% interest in Block 9 and is the operator for the 2023 Melbana is fully funded for its For personal use only appraisal program share of its 2023 work program As at 30 September 2022 Melbana had available cash of $46 million It is there
Slide 11: Corporate Overview
Corporate Overview Company Information Andrew Purcell Investment banking (Credit Suisse, Macquarie Bank), Australia and Hong Kong. For personal use only BEng (Elec), MBA Experienced in resources banking, cross border financing, commodity hedging and Executive Chairman corporate turnarounds. 20 years
Slide 12: Summary
Summary Melbana has significant interests in two appraisal wells and one exploration well For personal use only in 2023, for which it is either fully funded or has no financial commitments to. Of the 5.0 billion barrels of oil in place encountered by Alameda-1, the combined Prospective Resource*
Slide 13: Melbana Energy Limited
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