Melbana Energy Limited · ASX:MAY
Melbana Energy — MEO Australia — Investor Presentation (November 2011)
16 slides from Melbana Energy's investor presentation, Nov 7, 2011
Slide 1: Innovation in Exploration
Innovation in Exploration 20:20 Investor Series Sydney, 7th November, 2011 1
Slide 2: Corporate profile
Corporate profile A$12.4m enterprise value. $90m cash. 5 gas discoveries. Experienced board & management Company Profile Board of Directors Executive Management MEO Australia Limited (ASX: MEO; OTC: MEOAY) Nick Heath Jürgen Hendrich Non‐Executive Chairman Chief Executive Officer Headquartered in Mel
Slide 3: Quality personnel
Quality personnel with extensive international oil & gas major company experience Executive management, commercial, finance & administration (Melbourne Office) Karen Dennison * Sasha Aistrope Jürgen Hendrich Executive Assistant Chief Executive Officer Executive Assistant (on maternity leave) Ken Hen
Slide 4: SE Asian acreage portfolio
SE Asian acreage portfolio 5 gas discoveries near LNG infrastructure: At least 2 wells in 2012 Gurame, Kuala Langsa & prospects Seruway South Madura Heron & Blackwood Gas Marina discoveries Bonaparte near LNG infrastructure Carnarvon 4
Slide 5: Partnerships
Partnerships Proven ability to attract major industry players as JV partners 2010 Petrobras farm-out (WA-360-P) 2011 Eni Australia farm-out (NT/P68) Petrobras: 3rd largest listed energy company Eni: Multi‐national energy company Target: ~12 Tcf (undiscovered prospective) Target: ~6 Tcf (discovered,
Slide 6: Bespoke deal structure
Bespoke deal structure manage risks for both parties & offers additional leverage in success case 60 36 Months 180 Days Days Eni MEO holds 25% Eni Drills Eni Drills Eni increases All Activities to FID * Obligations of sanctioned Heron 3 Heron 4 equity to 75% FID (incl. wells) ($75m) Satisfied proj
Slide 7: Heron-3 drilling early 2012
Heron‐3 drilling early 2012 in the Heron South fault block ‐ potential LNG scale resource KEY FACTS NT/P68 ‐ Timor Sea, Australia Strategic Develop Heron & Blackwood gas Objective discoveries MEO W.I. 50% + Operator ENI Australia Ltd Water Depth 40 – 100 metres Reservoirs Elang/Plover Formation Perm
Slide 8: Testing ~5 Tcf raw gas potential
Testing ~5 Tcf raw gas potential 3D seismic inversion studies to model porosity distribution and predict sweet spots Table 2. Heron - Bulk Rock Volumes • Heron and Blackwood fractured reservoirs can be highly productive 4325 LCC 106m3 57,491.90 +/‐ 25% • Resource size estimates highly dependant on p
Slide 9: Value implications of recent transactions
Value implications of recent transactions Santos transaction (28th Oct 2011) values neighbouring high CO2 gas at >US$ 94.7m per Tcf 2009: PT Energi Mega Persada acquire 10% interest in Abadi field (Gross 10 Tcf) for US$ 100 million US$ 100 million per Tcf Tassie Shoa 2011: Santos sells 40% interest
Slide 10: Comparison of NT/P48 vs NT/P68
Comparison of NT/P48 vs NT/P68 similar resource potential in adjacent permit – value implications? NT/P48 (Evans Shoal) NT/P68 (Heron & Blackwood) Wells on Structure: Two Wells on Structures: Three • Evans Shoal‐1 (BHPP 1988) – Gas shows • Heron‐1 (Arco 1972) – Oil and gas shows • Evans Shoal‐2 (She
Slide 11: Seruway PSC – North Sumatra (MEO 100%)
Seruway PSC – North Sumatra (MEO 100%) A ready made portfolio with gas discoveries near growing gas markets & infrastructure KEY FACTS Seruway PSC – Aceh Province, Scoping plan of development Indonesia ExxonMobil – 4 Mtpa LNG Capacity Strategic Appraise commercial gas resources Currently operating <
Slide 12: Gurame and Kuala Langsa gas discoveries
Gurame and Kuala Langsa gas discoveries offshore permit abuts coastline Shore location close to Gurame field Shore location close to Gurame field Shore location close to Kuala Langsa Local fishing activity 12
Slide 13: Gurame and Kuala Langsa locations
Gurame and Kuala Langsa locations In shallow water close to high domestic gas demand regions Seruway PSC Boundary Seruway PSC Boundary Kuala Langsa Gurame existing potential well wells locations Kuala Langsa - 1 Local Fishing Boats 13
Slide 14: 2011: Expand portfolio, acquire seismic. 2012: Drill
2011: Expand portfolio, acquire seismic. 2012: Drill Rebuilt portfolio at low entry cost. 3D seismic to define prospects for drilling in 2012 + 2011 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 AUSTRALIA Carnarvon Basin WA‐360‐P 3D Seismic WA‐360‐P, WA‐361‐P Permit in (MEO 25% WI, 50% WI) Renewal WA‐361‐P Applicati
Slide 15: Summary
Summary Ingredients for success in place. Undeniable value proposition Corporate Vision • Build a substantial energy company to service growing SE Asian energy needs Enablers • Highly experienced board, executive management, commercial & technical teams • Australian and International acreage in prov
Slide 16: Disclaimer
Disclaimer Compliance Disclaimer This presentation 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 risks, uncertainties and assumptions that could cause tho
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