Melbana Energy Limited · ASX:MAY
Melbana Energy — Global Energy Week London 2023
16 slides from Melbana Energy's conference presentation, June 2023
Slide 1: Melbana Energy Limited - Global Energy Week London
MELBANA ENERGY LIMITED ASX Code: MAY Dr Chris McKeown Chief Commercial Officer Global Energy Week London June 2023
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: Index
Index 1. Who We Are 2. Cuba, Block 9 Why Cuba? Operating Environment and Exploration Runway What We Found What Next for Cuba 3. …and Australia? Jenny, Armando, William and Emilio - Melbana Energy, Cuba 4. Funding Position and Corporate Initiatives 5. Summary 3
Slide 4: Corporate Overview
Corporate Overview Andrew Purcell Investment banking (Credit Suisse, Macquarie Bank), Australia and Hong Kong. Experienced in resources banking, cross border financing, commodity hedging and corporate Company Information BEng (Elec), MBA turnarounds. 20 years as a public company director in Australi
Slide 5: Our Projects
A = f= P NEW ZEALAND
Slide 6: Cuba – An Overview
Cuba – An Overview Why Cuba? Melbana personnel have significant experience in analogous geology and petroleum systems In our DNA to look where others have not looked, and apply creative thinking Under-explored and under-developed south-eastern margin of Gulf of Mexico Strong government suppo
Slide 7: Our Key Asset: Block 9 – Operating Environment and Exploration Runway
Our Key asset: Block 9 – Operating Environment and Exploration Runway Close (85km) to oil terminal at Matanzas (deep water port) Close to significant discovered fields (Varadero > 11 billion barrels of oil in place) Access to workforce: Cardenas approximately 5km west of Block 9 (population ~1
Slide 8: Melbana Progress On Block 9 So Far
Melbana Progress On Block 9 So Far PSC (2,380 km2 or 588,000 acres) located onshore and close to infrastructure Prequalified as Operator 2013 Identified Block 9 as preferred opportunity 2015 Melbana Energy awarded Block 9 PSC Mid-2016 opened Havana office Appointed experienced, high calibr
Slide 9: What We Found
What We Found Alameda-1 (TD of 3,916 mMD) intercepted three geologically independent reservoirs, each with moveable oil under high pressure, that were subsequently independently assessed1 to contain: Oil in place - 5.0 billion barrels Prospective Resource - 267 million barrels (gross unrisked be
Slide 10: What We Found (Melbana WI 30%)
What We Found (Melbana WI 30%) Alameda-1 exploration well increased the pre-drill prognosed Prospective Resources (gross unrisked best estimate)* by 89% Pre drill, prognosed volumes independently estimated to be 141 million barrels of Prospective Resource (gross unrisked best estimate)* Post dri
Slide 11: 2022 in Review
2022 in Review Reached target depth on both of the first two exploration wells in Cuba, despite challenging international operating environment due to COVID-19 Alameda - 1 Achieved target total depth of 3,916mMD / 3,694 mTVD in April 2022 Intersected moveable oil in three independent reservoirs
Slide 12: What Next for Cuba?
What Next for Cuba? First Appraisal Well: Alameda-2 Two wells to be drilled in 2023 to appraise the three oil Drilling commenced June 2023 reservoirs encountered by Alameda-1, any of which can Target depth of circa 2,100m, currently at 454mMD, casing set and be immediately put on production if s
Slide 13: …and Australia?
…and Australia? Exploration well to be drilled by late 2024 Melbana has no liability to the drilling of this exploration well and Melbana sold its permit WA-488-P in late 2021 to a US$80 would receive significant cash payments should it be successful billion market cap Houston based Fortune 500 oi
Slide 14: Funding Position and Corporate Initiatives
Funding Position and Corporate Initiatives Melbana has a 30% interest in Block 9 and is the operator of Block 9 Melbana is fully funded for its share of its 2023 work program As at 31 March 2023 Melbana had available cash of $37.5 million Adequately funded for its share of the 2023 appraisal d
Slide 15: Summary
Summary Melbana has a first class geoscience team that has a track record of advancing new ideas that have been taken up by some of the world’s largest oil and gas companies. It also has a management team that has formalised agreements and funding arrangements to allow these ideas to be pursued
Slide 16: Melbana Energy Limited
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