Melbana Energy Limited · ASX:MAY
Melbana Energy — RIU Good Oil Conference 2024
16 slides from Melbana Energy's conference presentation, Sep 17, 2024
Slide 1: World Class Onshore Oil Discovery, Block 9 - Cuba
Melbana Energy Limited ASX Code : MAY World Class Onshore Oil Discovery Block 9 - Cuba Dr. Chris McKeown Chief Commercial Officer Good Oil Conference September 2024
Slide 2: Disclaimer
Disclaimer Summary of information: This presentation contains general and background information about Melbana will form the basis of any contract or commitment. This presentation is not a prospectus. Offers of securities in Energy’s activities current as at the date of the presentation and should n
Slide 3: Corporate snapshot: an experienced team with a proven track record
Corporate snapshot: an experienced team with a proven track record As of 13 September 2024 Company Information Andrew Purcell Michael Sandy Peter Stickland Uno Makotsvana Chris McKeown Executive Chairman Non-Executive Director Technical Director CFO CCO Objective Melbana Energy Limited Investment ba
Slide 4: Melbana snapshot
Melbana snapshot Cuba First well, Alameda-1, certified 267 million barrels best case prospective resource in multiple reservoir zones * Alameda-2 confirmed moveable oil in multiple zones, flowed >1900 barrels per day of 19o API, <3% Sulphur, 30 cP oil ** Extended well test production tested logistic
Slide 5: World Class Onshore Oil Discovery in Block 9 - Cuba
Snapshot of Melbana’s core value proposition ▪ Block 9 encompasses 2,344 sq. kms onshore Cuba adjacent to existing oilfield infrastructure World Class Onshore ▪ Three vertically stacked reservoirs discovered by Alameda-1: Amistad, Alameda, and Marti Oil Discovery ▪ The shallowest reservoir (Amistad)
Slide 6: FY2024 Report Card: Appraisal Drilling
FY2024 REPORT CARD : APPRAISAL DRILLING Maiden Contingent Resource of 46mmbbl achieved and 38% increase in Amistad Prospective Resources Results Production Resources ALAMEDA-2 • Reached TD • Unit 1B • Unit 1B1,2 • No complications • Peak flow of 1900 bbl/d • Contingent Resource 46 mmbbl3 • 19° API r
Slide 7: Certification Update
Maiden Contingent Resource and Updated Prospective Resource for Unit 1B and Unit 1A reservoirs Certification Update Resources as at 30 June 2024* (gross unrisked, millions of barrels) Unit 1B in the eastern part of the Alameda structure Low Best High ‣ Contingent Resource (Development Pending) Conti
Slide 8: FY2024 Report Card: Field Development Preparations
FY2024 REPORT CARD FIELD DEVELOPMENT PREPARATIONS • Storage tank at terminal allocated • Permission to export 100% of joint • Farmout process ongoing to Melbana venture oil entitlement received • Active offtake / financing • Staged logistics planning in train • Joint oil marketing discussions with o
Slide 9: Unit 1B Field Development Program
UNIT 1B FIELD DEVELOPMENT PROGRAM SHORT TERM PRODUCTION PROGRAM ‣ Recommence production from Unit 1B ‣ Complete export of first cargo of oil to test performance of logistics, storage and commercial arrangements ‣ Progressively construct offset well pads ‣ Starting drilling new Unit 1B production wel
Slide 10: Phase 1 - Unit 1B Development Wells
PHASE 1 - UNIT 1B DEVELOPMENT WELLS ‣ Proposed Pads 2 and 4 are on an adjacent seismic line to Alameda-2 in an up-dip location ‣ Proposed Pad 9 is immediately up-dip of Alameda-2 ‣ Follow up locations at Pad-4N, Pad-2S, Pad-8 and north of Alameda-2 ‣ Shallow, simple wells designed to produce from en
Slide 11: Phase 1 - Potential Export Route
PHASE 1 - POTENTIAL EXPORT ROUTE 11
Slide 12: Phase 1: Matanzas Supertanker Facility to Export Vessel
PHASE 1: MATANZAS SUPERTANKER FACILITY TO EXPORT VESSEL ‣ Trucks can unload into receiving pits ‣ Melbana Block 9 crude can be stored in dedicated tanks ‣ Negotiating access to total storage of 250,000bbl for optimal parcel size economics ‣ At 5,000 bbl/d production rate initial export frequency wou
Slide 13: Phase 1: Field Development and Commercialisation Update
PHASE 1: FIELD DEVELOPMENT AND COMMERCIALISATION UPDATE Process Approvals Logistics Offtake Funding • Export of 100% • Right to export • Agreements for • Advanced • Potential of higher quality 100% of higher trucking, storage discussions with farminees oil managed by quality oil allows and export oi
Slide 14: Australia Optionality
Australia optionality WA-488-P WA-544-P & NT/P87 Beehive Prospect Hudson opportunity MAY Farmout Process underway ‣ Up to ‣ Melbana retains 100% of Royalty interest 1.4 billion barrels adjacent Beehive- lookalike (Hudson of oil prospect* Prospect) with up to to be drilled in 2024/2025 ** 1.2 billion
Slide 15: Summary
Summary ‣ Melbana has a first-class geoscience team with record of advancing new ideas and a management team that has delivered valuable projects ‣ Alameda-2 proved up project in the Upper reservoirs; field development planning underway; goal of first oil on a ship by end 2024 ‣ Alameda-3 results un
Slide 16: Thank you
Thank you Melbana Energy Limited ABN 43 066 447 952 Mezzanine Floor, 388 George Street Sydney NSW 2000 AUSTRALIA Contact Telephone: +61 (2) 8323 6600 Email: admin@melbana.com