Melbana Energy Limited · ASX:MAY
Melbana Energy — Methanol Australia — Investor Presentation (February 2006)
17 slides from Melbana Energy's investor presentation, February 2006
Slide 1: Methanol the clean alternative
Methanol the clean alternative Investor Presentation - February 2006 Chris Hart, Managing Director
Slide 2: Methanol Australia Profile
Methanol Australia Profile • Shareholders: 2000 • ASX Listing code: MEO • Ordinary Shares: 140.45 million • Market Capitalisation A$23 million • Upstream company – uniquely positioned to develop approved gas- to-liquid (GTL) projects off the north coast of Australia Methanol The clean alternative Me
Slide 3: MEO Strategy
MEO Strategy • Focused on the development of offshore GTL projects: – Tassie Shoal Methanol Project (TSMP) – Timor Sea LNG Project (TSLNGP) – Strategic upstream interests • Strategically located in heart of significant gas province & close to major Asian growth markets for LNG and methanol • Other a
Slide 4: Fundamental for success
Fundamental for success • Commodities: low cost producer (current and forecast LNG & methanol pricing) • Unique project characteristics – Construction costs – Carbon dioxide consumption (methanol) – Freight cost and market proximity • Advantages long lasting • APCI partner in TSMP • Similar strategi
Slide 5: Location of shoal, projects & gasfields
Location of shoal, projects & gasfields • Emerging gas province • In heart of gas resources • Evans Shoal: 12 km, Heron, Epenarra and Seahawk 50 km to Tassie Shoal • Other gas: Caldita, Lynedoch Methanol The clean alternative Methanol Australia Limited
Slide 6: Status of GTL Projects
Status of GTL Projects • Tassie Shoal Methanol Project (Capex US$750m) – Capital cost review – Process has moderate escalation - steel – GBS optimization offsetting increases – Continued strong product demand – US$330/t – Secure gas supply: FEED/EPC commences • Timor Sea LNG Project (Capex US$860m)
Slide 7: Methanol & LNG Projects on Tassie Shoal
Methanol & LNG Projects on Tassie Shoal Methanol The clean alternative Methanol Australia Limited
Slide 8: Tassie Shoal Methanol Project
Tassie Shoal Methanol Project Methanol The clean alternative Methanol Australia Limited
Slide 9: TSMP GBS Concept a Reality
TSMP GBS Concept a Reality ExxonMobil Adriatic LNG Re-gas Terminal Methanol The clean alternative Methanol Australia Limited
Slide 10: Timor Sea LNG Project
Timor Sea LNG Project New LNG Tank Design by Arup Energy – 170,000 m3 ACE platform for LNG process: Arup Energy ACE platform in service: Hang Tuah, Vietnam Methanol The clean alternative Methanol Australia Limited
Slide 11: Tank Concept Used by Compass Port
Tank Concept Used by Compass Port (Source - ConocoPhillips) Methanol The clean alternative Methanol Australia Limited
Slide 12: LNG Process: Air Products
LNG Process: Air Products Dual Mixed Refrigerant (DMR): Efficiency gains Proven technology, 3+ MTPA LNG Production Methanol The clean alternative Methanol Australia Limited
Slide 13: Upstream Interests: NT/P68 Significant Potential for Gas & Oil
Upstream Interests: NT/P68 Significant Potential for Gas & Oil Methanol The clean alternative Methanol Australia Limited
Slide 14: Exploration Permit NT/P68
Exploration Permit NT/P68 Methanol The clean alternative Methanol Australia Limited
Slide 15: Exploration Permit NT/P68
Exploration Permit NT/P68 • Seahawk prospect – Vee Formation (1200 m) – P50: gas 2 Tcf GIIP, large oil potential • Epenarra prospect – Darwin Radiolarite Formation (3000 m) – P50: gas 6 Tcf GIIP, (Heron-1 gas, Arco 1972) • Heron North & South prospects – Plover Formation (3900m, P50: gas 3.3 Tcf GII
Slide 16: NT/P68 - Epenarra
NT/P68 - Epenarra Epenarra Methanol The clean alternative Methanol Australia Limited
Slide 17: Summary
Summary • Australian projects strategically located: proximity to high growth Asian markets • Low delivered costs • Robust & competitive economics • Proven & sound technologies • Managing capital risks – key alliances • Low sovereign risk producer • Key statutory approvals secured • Strategic upstre
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