Melbana Energy Limited · ASX:MAY
Melbana Energy — Investor Presentation (January 2018)
27 slides from Melbana Energy's investor presentation, Jan 15, 2018
Slide 1: Investor Presentation January 2018
For personal use only Investor Presentation January 2018
Slide 2: Disclaimer: Forward-looking Statements and Resources
Disclaimer For personal use only Forward-looking Statements and Resources 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 comprehensive or to comprise
Slide 3: Company Overview
Company Overview For personal use only Company Data 12 month share price performance Index S&P/ASX All Ordinaries ASX Ticker ASX:MAY 3 80 Volume 70 Shares on issue ~1,666m Share price 60 2 Options/ SPRs ~210m/ ~5.3m 50 Millions Cents 40 Market Cap ~$27m (12 Jan) 30 1 Cash (31/12/17) ~$6.4m 20 10 Deb
Slide 4: Continuity of Leadership with CEO Robert Zammit
Continuity of Leadership with CEO Robert Zammit For personal use only Board & Management Board of Directors CEO Robert Zammit Andrew Purcell Michael Sandy Peter Stickland Chief Executive Officer Non-Executive Non-Executive Non-Executive (BD & Commercial Chairman Director Director (former MD) since 2
Slide 5: Melbana Summary
Melbana Summary New Zealand – Pukatea-1 For personal use only • High impact drilling to commence ~25 January 2018 USA (Melbana 30% share), • ~1 month to reach total depth USA • Prospective Resource of primary objective of 12.4 million boe*, reservoir capable of rates up to 5,000 barrels per day Cuba
Slide 6: New Zealand
For personal use only New Zealand 6
Slide 7: Onshore New Zealand – PEP51153 Overview
Onshore New Zealand – PEP51153 Overview • For personal use only Melbana has 30% interest in PEP51153, operated by TAG Oil Ltd (“TAG” 70%) Puka PEP 51153 • Located onshore in New Zealand <10km east of Waihapa TAG’s producing Cheal field Cheal • Independent expert values TAG’s 2P reserves Pukatea in n
Slide 8: Onshore New Zealand – Pukatea-1 (Melbana 30%)
Onshore New Zealand – Pukatea-1 (Melbana 30%) Drilling commences ~25 January 2018 For personal use only • Prospective resources at primary objective estimated to range from 1.3 to 40 million barrels (Low-High estimates, 100% share) • Targeting a highly productive conventional reservoir in the Tikora
Slide 9: PEP51153: Puka Field (Melbana 30%)
PEP51153: Puka Field (Melbana 30%) For personal use only Additional data from Pukatea-1 may be catalyst for production restart • Puka oil field discovered in 2012 • Oil reservoired in Mt. Messenger sandstones at ~1,300 metres depth • Oil is 440 API sweet, waxy crude, linked to Brent benchmark • Puka
Slide 10: Cuba
For personal use only Cuba 10
Slide 11: Cuba Block – An Overview
Cuba Block 9 – An Overview • Multi-billion barrel conventional oil potential, located For personal use only within close proximity to existing infrastructure • 100% unencumbered interest in Block 9 PSC (2,380km2 or 588,000 acres) located onshore in Cuba • 25 year term in total (awarded in 2015) • 8.
Slide 12: Cuba Block – An Oil Rich Region
Cuba Block 9 – An Oil Rich Region Cuba Prospectivity and Market For personal use only • Represents under-explored south-eastern margin of the Gulf of Mexico - one of the world’s great petroleum mega provinces • Limited application of modern exploration techniques due to 50+ year US embargo • Cuba cu
Slide 13: Cuba Block – Resource Assessment
Cuba Block 9 – Resource Assessment Exploration potential for over 12.5 billion barrels of oil-in-place For personal use only • Exploration potential of over 12.5 billion Boca de Canasi- Bacuranao Jaruco P. Escondido Yumuri- barrels of oil-in-place and Prospective Seboruco Varadero Majaguillar Resour
Slide 14: Cuba Block – Leads in Conventional Play
Cuba Block 9 – 19 Leads in Conventional Play Priority drill targets identified – Alameda, Zapato and Piedra For personal use only Block 10 (Sherritt 100%) drilling exploration well, results expected Q1 2018 14
Slide 15: Cuba Block – Alameda Prospect
Cuba Block 9 – Alameda Prospect Multi-target exploration drilling opportunity close to historic oil recoveries For personal use only • Primary objective in depth range from 3,000 to 3,700 metres • Marti-5 (drilled 1988) recovered lighter oil (24°API) and had oil shows over an 850 metre gross interva
Slide 16: Cuba Block – High Potential Zapato Prospect
Cuba Block 9 – High Potential Zapato Prospect Multiple structures with hundred million barrel exploration potential For personal use only • Zapato Prospect is a large structure targeting fractured carbonate objective • Close to the shallower Motembo oil field which historically produced high quality
Slide 17: Cuba Block – preparations for drilling in 2018
Cuba Block 9 – preparations for drilling in 2018 For personal use only Securing people, permits, equipment and services • Cuba Block 9 PSC field work commenced • Survey completed of Alameda-1 and Zapato-1 well sites, camp site and access road • Benign surface conditions encountered at well site loca
Slide 18: WA-488-P (Beehive)
For personal use only WA-488-P (Beehive) 18
Slide 19: Australia – giant Beehive Prospect
Australia – giant Beehive Prospect Seismic Funding and Farmin Option Agreement with Total and Santos For personal use only • Beehive Prospective Resources estimated to Darwin range from 97 to 2,033 million barrels (100% share, Low-High estimates) PETREL • Potentially the largest undrilled oil prospe
Slide 20: Australia – Beehive Prospect
Australia – Beehive Prospect Beehive – a feature of enormous scale For personal use only • Beehive is a significant, multi billion barrel oil prospect located on WA-488-P • Dominant hydrocarbon type is expected to be oil • Located in ~40 metres water depth • Target depth 4,000 – 4,500m • Prospect re
Slide 21: Investment Highlights
Investment Highlights New Zealand For personal use only ✓ High impact Pukatea-1 drilling commencing ~25 January 2018 ✓ Pukatea has a Best Estimate Prospective Resource of 12.4 million boe* (unrisked, 100% share) ✓ High Leverage and near term production in success case due to proximity to existing in
Slide 22: Melbana Catalysts
Melbana Catalysts Multiple potential catalysts to support a significant re-rating For personal use only • Pukatea-1 to commence drilling ~25 January 2018 NEW ZEALAND • Two oil objectives in one well PEP51153 • High leverage and near term production in success case • Drilling results in Q1 2018 in ad
Slide 23: Appendix: Other Assets
Appendix For personal use only Other Assets 23
Slide 24: Northern Australia Acreage and Projects
Northern Australia Acreage and Projects DILI Discrete upstream projects adjacent to proven hydrocarbons For personal use only ABADI GREATER SUNRISE BAROSSA Kupang Kupang EVANS SHOAL Joint Petroleum BLACKWOOD CALDITA Development HERON Area BAYU-UNDAN Tassie Shoal Projects Concept TSMP2 TSM
Slide 25: AC/P50 & AC/P51 (Melbana 55%*): Multiple oil targets
AC/P50 & AC/P51 (Melbana 55%*): Multiple oil targets New amplitude-supported objective identified For personal use only • Identified material Ramble On and Jur’maker oil prospects in proven petroleum system defined on modern 3D seismic data • Suitable for lower cost jack-up drilling rig • 3D seismic
Slide 26: Tassie Shoal Projects (Melbana 100%)
Tassie Shoal Projects (Melbana 100%) For personal use only Shallow water, innovative low cost development paths for regional stranded gas • Region has substantial undeveloped low and high CO2 gas that needs a viable development solution • Melbana Energy has developed the concepts for siting Methanol
Slide 27: For personal use only
For personal use only www.melbana.com
Melbana Energy — Investor Presentation (January 2018) on 6ix