Melbana Energy Limited · ASX:MAY
Melbana Energy — MEO Australia — Investor Presentation (July 2007)
10 slides from Melbana Energy's investor presentation, July 2007
Slide 1: Investor Presentation July, 2007
Investor Presentation July, 2007 MEO Australia Limited Presentation Disclaimer This presentation contains includes certain forward-looking statements that have been based on current expectations about future acts, events and circumstances. These forward-looking statements are, however, subject to ri
Slide 2: MEO Capital Structure following placement and SPP
MEO Capital Structure following placement and SPP ASX Code MEO Share Price* $ 1.25 Security Class Millions Substantial Shareholders % Ordinary shares 333 Cambrian Oil & Gas Plc 23.2% Options (unlisted) Lehman Brothers Inc 7.9% $0.50, 30-Nov-09 6.8 Santos Limited 6.2% Albers Group 5.6% Directors 5.0%
Slide 3: MEO building integrated GTL company
MEO building integrated GTL company (3 Mtpa LNG & 3.5 Mtpa Methanol) MEO Australia energy for the future MEO Australia Limited PROJECT TIMING Gas & LNG Development Schedule 2006 2007 2008 2009 2010 2011 2012 Component Oct Nov Dec Mar Jun Sep Dec Mar Jun Sep Dec Cyear Cyear Cyear Cyear Seismic 3D acq
Slide 4: Project Economic Summaries
Project Economic Summaries Activity Upstream MEO Downstream Project 06&07 Activities/Interest Interests & Economics Seismic NT/P68 (90%) LNG (90%) Methanol Projects (50%) W Heron-2 3+ mtpa Stage I Stage II e Epenarra and Heron 1.8 mtpa 5,000 t/d l Nth Appraisal US$1.25b US$872m 1.8 mtpa l (5.6 & 5.5
Slide 5: Heron-2 to target 50m gas column in Darwin Fm.
Heron-2 to target 50m gas column in Darwin Fm. Heron-1 Logs Total Gas GR Resistivity Epenarra MEO Australia energy for the future MEO Australia Resistivity Log Limited Flat Event: Direct Hydrocarbon Indicator for possible Gas-Water Contact Proposed Equivalent Heron-2 well Heron-1 well location locat
Slide 6: Epenarra & Heron 2007 Appraisal Drilling: Well Locations
EPENARRA & HERON 2007 APPRAISAL DRILLING: MEO Australia energy for the future MEO Australia Limited EPENARRA/HERON WELL LOCATIONS Rig Secured EPENARRA Heron-3B Heron-2A Heron-1 Heron-3C MEO Australia energy for the future MEO Australia Limited 6
Slide 7: NT/P68 Farm-in Status
NT/P68 Farm-in Status • MEO seeking strategic partners but only wishes to assign minimal interest: 25% to 30% (maintain control of projects) • Petrofac Resources Limited (UK) executed farm-in agreement on May 29, 2007 • Funding 25% of well costs to earn 10% in permit with option to increase stake to
Slide 8: Additional Information
ADDITIONAL INFORMATION MEO Australia energy for the future MEO Australia Limited Methanol Plant Substructure and storage in CGS Concrete deck for process plant MEO Australia energy for the future MEO Australia Limited 8
Slide 9: Established Technical Solutions
Established Technical Solutions Proven LNG & methanol production technologies (Davy & APCI) Exxon Adriatic LNG Production ACE Re- Re-gas terminal for TSLNG plant Similar design for TSMP Similar to Hang Tuah Indonesia (Conoco (Conoco)) MEO Australia energy for the future MEO Australia Limited LNG STO
Slide 10: NT/P68 Activity Update
NT/P68 Activity Update • 600 km 2D infill over Blackwood and 505 sq km 3D over Epenarra fully processed and interpreted • Fugro inversion studies confirm likely zones of increased well production • Wells sites selected • Site surveys at well locations underway • West Atlas jack- jack-up rig secured