Melbana Energy Limited · ASX:MAY
Melbana Energy — MEO Australia — Corporate Update (January 2008)
7 slides from Melbana Energy's corporate update, January 2008
Slide 1: Investor Update – January 2008
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 risks, uncertainties and assumptions that could cause th
Slide 2: MEO Assets Unchanged
MEO Assets Unchanged GTL Projects • Timor Sea LNG (MEO: 90%) • Tassie Shoal Methanol (MEO:50%) • 50 year Commonwealth approvals NT/P68 (MEO: 90%) • Untested Heron-1 gas discovery • 2 gas charged horizons • Heron-2 drilling and testing underway WA-359, 360 & 361-P (MEO: 60%) • Highly prospective mult
Slide 3: Heron-2 is both appraisal & exploration
Heron-2 is both appraisal & exploration Gas saturation in both Epenarra & Heron North MEO Australia energy for the future MEO Australia Limited
Slide 4: Epenarra Darwin Fm
Epenarra Darwin Fm • Facies C: 3108m – 3159m • Full log suite and sidewall cores acquired • Gas saturation, wet gas fingerprint • No CO2 detected in mud gas • Sonic Scans confirm open fractures • Good porosity & inferred fracture permeability Production test to be conducted this week MEO Australia e
Slide 5: Heron Nth Plover Fm
Heron Nth Plover Fm Formation Lithology Gamma Ray Fracture Porosity • Gross sand column 164m Flamingo Shale • Full log suite acquired • Gas saturation, wet gas 3946m fingerprint Elang Sand 15m • No CO2 detected in mud Elang Shale 19m gas Upper Plover • Good porosity & inferred Sandstone 101m fractur
Slide 6: Heron-2 – What's new?
Heron-2 – What’s new? • Darwin Fm is exactly what was expected and we test the flow this week to confirm gas quality and a modest flow rate (~5 MMscf/d in a vertical well is fine as this is expected to increase ~10 times in a horizontal production well) • Elang should have had poor porosity and no f
Slide 7: Summary
Summary • Securing gas supply – NT/P68 – Heron-2 confirms two gas bearing horizons, the first has shown capacity to flow and the second is about to be tested – Heron North Plover must be re-drilled as dedicated appraisal well so that the Plover is drilled in an 8½ inch hole • 3D acquisition and repr