Melbana Energy Limited · ASX:MAY
Melbana Energy — Investor Presentation (August 2025)
21 slides from Melbana Energy's investor presentation, August 2025
Slide 1: Corporate Presentation Amendment
ASX ANNOUNCEMENT 8 October 2025 Corporate Presentation Amendment Melbana Energy Limited (ASX: MAY) (Melbana or the Company) refers to its announcement released to the ASX on Thursday, 21 August 2025 titled ‘MAY Corporate Presentation August 2025’ (“Announcement”). The Announcement did not clarify th
Slide 2: Melbana Energy Limited Corporate Presentation
Melbana Energy Limited ASX Code : MAY Corporate Presentation 19 August 2025
Slide 3: Disclaimer
Disclaimer Summary of information: This presentation contains general and background information about Melbana Energy’s be issued by Melbana Energy have not been and will not be registered under the US Securities Act of 1933, as activities current as at the date of the presentation and should not be
Slide 4: Why Invest in Melbana?
Why Invest in Melbana? 46 million barrel (2C)1,2 Near term price catalyst – Ongoing production since Producing oil discovery results from first dedicated April 2025 - building onshore in the production well in Cuba inventory for first cargo Gulf of Mexico expected mid October 2025 Adjacent prospecti
Slide 5: Our projects
Our projects Australia ‣ WA-544-P & NT/P87 (Hudson) (100%) Cuba ‣ AC/P70 (100%) ‣ WA-552-P (100%) ‣ WA-488-P (contingent cash/royalty interest) ‣ Tassie Shoal Projects (100%) Cuba ‣ Block 9 (30%) 4
Slide 6: Cuba
6 Melbana Energy Pl CubsPetréiee Refineries Facilities Oil fields Marine terminals Power gas plants
Slide 7: Cuba – Operating Environment
CUBA – OPERATING ENVIRONMENT ‣ Melbana personnel have significant experience in analogous geology and petroleum systems. ‣ US embargo on Cuba means an under-explored and under-developed south-eastern margin of the Gulf of Mexico – one of the world’s great petroleum mega provinces. ‣ Strong governmen
Slide 8: Cuba – Summary of Field Activities
CUBA – SUMMARY OF FIELD ACTIVITIES Block 9 Production Sharing Contract ‣ Melbana (Operator and 30%) partnered with Sonangol (70%), the Angolan National Oil Company. ‣ Onshore block adjacent to proven petroleum system valid to 2040. ‣ Level sealed road access to oil storage and processing facility (5
Slide 9: Resources Update
Maiden Contingent Resource and updated Prospective Resource for Unit 1B and Unit 1A reservoirs Resources Update Unit 1B in the eastern part of the Amistad structure ‣ Contingent Resource (Development Pending – 70% chance) . Unit 1B in the western part of the structure ‣ Prospective Resource (Chance
Slide 10: First dedicated production well (Amistad-2)
First dedicated production well (Amistad-2) to focus on maximising production from Unit-1B ‣ Amistad-2 to target shallow Unit 1B in Amistad sheet only. ‣ 200 metres updip from Amistad-1, which produced at a sustainable rate of more than 1200 barrels per day. ‣ Long open hole to maximise interception
Slide 11: Second dedicated production well (Amistad-3)
Second dedicated production well (Amistad-3) also targeting Unit-1B but in a different location ‣ Amistad-3 has an even longer intercept of the reservoir, also intercepting significant fracturing. 10
Slide 12: Planning, Offtake, Financing
• Transport/storage procedures • Permission to export 100% of oil • >$200 million spent to date • Shipping/offtake procedures • >30,000 barrels produced to date • Future revenues from oil sales • Permitting procedures • Demand for oil of this quality • Indicative financing terms agreed • Field devel
Slide 13: Australia
6 Melbana Australia
Slide 14: Australian opportunities – near term catalysts
Australian opportunities – near term catalysts AC/P70 • AC/P70 positioned to take advantage of proximate projects needing more gas for their expansion plans. Offers due end of September 2025. • WA-488-P (Beehive) – Title owner has received environmental approvals to drill up to three exploration wel
Slide 15: Corporate
é Melbana Energy Corporate ( 4 Melbana | Energy ME Cupet UEB COMPRAS Y ly COMERCIALIZACION
Slide 16: Corporate snapshot: an experienced team with a proven track record
Corporate snapshot: an experienced team with a proven track record As of 18 August 2025 Company Information Andrew Purcell Michael Sandy Peter Stickland Uno Makotsvana Chris McKeown Executive Chairman Non-Executive Director Non-Executive Director CFO & Co Secretary CCO Company Melbana Energy Limited
Slide 17: Daily Price and Volume (5 Years)
Daily Price and Volume (5 Years) 0.20 350,000 0.18 300,000 0.16 250,000 0.14 0.12 200,000 0.10 150,000 0.08 0.06 100,000 0.04 50,000 0.02 0.00 0 MAY volume (000's) (RHS) MAY share price ($/share) 16
Slide 18: Drilling Program Overview
Drilling Program Overview ‣ Melbana developed its Reservoir Drilling Fluid using information gained from its appraisal well program and lab results to reduce potential for reservoir ‣ Simplified single target well design for damage. development wells. ‣ Shallow kick-off from vertical to 30o. ‣ Long
Slide 19: Development Plan
Development Plan ‣First (and contingent second) production well in 2025. 2000m ‣At least five more production wells planned for 2026. ‣30 well locations identified from existing 2D seismic. ‣Progressively increase production volumes with sales revenues to be applied to field development and associat
Slide 20: Summary
Summary Cuba ‣Significant onshore oil discovery close to infrastructure. ‣Workover of appraisal well completed and on constant production since April 2024. ‣First dedicated production well to be drilled in September 2025. ‣Ambition is to fund field development from oil production and offtake financi
Slide 21: Melbana Energy Limited contact details
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