Melbana Energy Limited · ASX:MAY
Melbana Energy — Shareholder Meeting (November 2021)
14 slides from Melbana Energy's shareholder meeting presentation, Nov 26, 2021
Slide 1: 2021 Annual General Meeting
2021 Annual General Meeting 26 November 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$ (24 November 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 Chairma
Slide 4: Highlights of the Last 12 Months
Highlights of the last 12 months Awarded two new exploration permits offshore northern Australia next to the Beehive Prospect and containing the undeveloped Turtle and Barnett oil discoveries Sale of WA-488-P (containing the Beehive Prospect) to a Houston-based Fortune 500 oil and gas company that w
Slide 5: Upcoming Potential Value Catalysts
Upcoming potential value catalysts MELBANA ENERGY HAS INTERESTS IN FOUR UPCOMING EXPLORATION WELLS TESTING >650 MILLION BARRELS** OF PROSPECTIVE RESOURCE Total Prospective Resource: 236 million barrels Total Prospective Resource: undisclosed Melbana Energy's Interest: 30% Melbana Energy's Interest:
Slide 6: Project Locations and Summary
Project Locations and Summary Cuba • Two high-impact onshore exploration wells – 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 • Drilling program
Slide 7: Operating in Cuba
Operating in Cuba Flat easy country, accessible by sealed roads, close proximity to oil terminals and storage facilities • Melbana’s Block 9 contract area is on trend with numerous operating oil fields • Fiscal terms attractive (red, blue and yellow areas are all existing oil fields) • oil sold at i
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 • Being drilled adjacent to previous disc
Slide 9: Drilling Status Update
Drilling status update Drilling operations at Alameda-1 commenced on 13 September 2021. Oil shows, accompanied by elevated gas readings, started to be encountered soon after the first casing point at 454 metres. Oil shows continued continuously to a depth of 1,130 metres, for a total gross thickness
Slide 10: Alameda-1 Results so far
Alameda-1 Results so far Alameda-1 has successfully demonstrated the presence of oil in the secondary Amistad objective and the interval above the Amistad objective, which was not previously considered prospective. An oil sample was collected from the mud system at approximately the Amistad objectiv
Slide 11: 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 12: Australia, WA-488-P (Beehive Prospect)
Australia, WA-488-P (Beehive Prospect) • Permit WA-488-P sold to a US$60 billion Fortune 500 O&G company. Planning advanced for an exploration well (possibly as early as late 2002 but required before August 2023). • Melbana has received an initial payment of US$7.5 million and is entitled to conting
Slide 13: 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 14: Contact
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