Melbana Energy Limited · ASX:MAY
Melbana Energy — Corporate Update (September 2021)
12 slides from Melbana Energy's corporate update, Sep 16, 2021
Slide 1: Investor Webinar
Investor Webinar 16 September 2021
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 comprehensive or to comprise all the information that an investor should consider when maki
Slide 3: Corporate Overview
Corporate Overview Company Data A$ (15 September 2021) Experience of the Board & Management ASX Code MAY Andrew Purcell Investment banking (Credit Suisse, Macquarie Bank), Australia and Shares on Issue 2,673m BEng (Elec), MBA Hong Kong. Experienced in resources banking, cross border Executive Chairm
Slide 4: Drilling Operations Update
Drilling Operations Update • Drilling operations began on Monday morning, 13 September 2021, Cuba time • Drilling operations have got off to a good start, with a few minor issues arising during shake down that required drilling to pause whilst they were resolved • 14 containers of contractor materia
Slide 5: Results of Entitlements Offer
Results of Entitlements Offer • $7.1 million raised, therefore providing the funding Melbana requires for its share of the remaining costs of the Cuban drilling campaign that has now begun • The Entitlements Offer attracted good shareholder participation, with many applying to take up additional sha
Slide 6: Project Locations and Summary
Project Locations and Summary Cuba • Two high-impact onshore exploration wells • Drilling commenced September 2021 • Testing a combined resource of 236 million barrels of oil** • Proven hydrocarbon system, proximity to good oil storage and export infrastructure and existing large oilfields • Drillin
Slide 7: Drilling Schedule
Drilling Schedule MELBANA ENERGY HAS INTERESTS IN FOUR UPCOMING EXPLORATION WELLS TESTING >650 MILLION BARRELSα OF PROSPECTIVE RESOURCE Total Prospective Resource: 236 million barrels Total Prospective Resource: undisclosed Melbana Energy's Interest: 30% Melbana Energy's Interest: contingent royalty
Slide 8: Cuba, Block 9 (1st well, Alameda-1)
Cuba, Block 9 (1st well, Alameda-1) Marti-5 wellsite (2003) Marti-2 wellsite (2003) Alameda Prospective Resources (100%, MMstb)** • 1st well Alemeda-1 designed with mild (30°) deviation to allow testing of 3 separate targets Objective CoS* Low Best High Mean • To be drilled adjacent to previous disc
Slide 9: Cuba, Block 9 (2nd well, Zapato-1)
Cuba, Block 9 (2nd well, Zapato-1) Proposed Zapato-1 Motembo area Zapato Prospective Resource (100%, MMstb) ** • 2nd well Zapato-1 to test a structure identified by strong gravity and magnetic results that aligns with structural interpretation derived from seismic and surface data CoS* Low Best High
Slide 10: Australia, WA-488-P (Beehive Prospect)
Australia, WA-488-P (Beehive Prospect) • Permit WA-488-P sold in April 2021 to a US$60 billion Fortune 500 O&G company. Planning underway for 2022 drilling • Melbana to receive US$7.5 million initial payment (upon receipt of regulatory approvals/ satisfaction of conditions precedent) • Contingent ad
Slide 11: Other Permits/Investments
Other Permits/Investments • AC/P50 sold to Santos/Sapura OMV. Melbana received cash and is entitled to receive future royalty payments if the exploration well is successful - planning underway for 2022 drilling • AC/P51 under option to Santos/SapuraOMV. If exercised, Melbana would receive similar co
Slide 12: Melbana Energy Limited
Melbana Energy Limited ABN 43 066 447 952 Level 15, 9 Hunter Street Sydney NSW 2000 AUSTRALIA Contact Andrew Purcell Telephone: +61 (2) 8323 6600 Executive Chairman Mobile: +61 488 660 222 andrew.purcell@melbana.com