Slide 1: Entitlements Offer
Entitlements Offer a two for thirteen fully underwritten non-renounceable entitlements offer to raise $7.1 million in support of the upcoming drilling operations in Cuba 4 August 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: Entitlements Offer Overview
Entitlements Offer Overview Offer Size & • Seeks to raise $7.1 million by way of a fully underwritten Structure entitlement offer • 2 new shares for every 13 existing shares held • 1 free attaching option for every 2 new shares, exercisable at $0.035 with a 12 month expiry Offer Price $0.02 per shar
Slide 4: Entitlements Offer Timetable
Entitlements Offer Timetable Event Date Event Announcement of the Offer and lodgement of Appendix 3B Pre market open Offer Price 30 July 2021 with ASX Record Date 4 August 2021 Lodgement of Prospectus with the ASIC and ASX Use of Proceeds 9 August 2021 Ex date Record Date for determining Entitlement
Slide 5: Entitlements Offer Overview (continued)
Entitlements Offer Overview (continued) • 2 high-impact onshore exploration wells to be drilled in Block 9, Cuba, commencing September 2021 • Testing 4 separate targets - combined Prospective Resource (Best Estimate) of 236 million barrels of oil1 • Melbana is operator of the drilling program – part
Slide 6: Drilling Schedule
Drilling Schedule MELBANA ENERGY HAS INTERESTS IN FOUR UPCOMING EXPLORATION WELLS TESTING >650 MILLION BARRELSα OF PROSPECTIVE RESOURCE Total Prospective Resource: 236 million barrels Total Prospective Resource: undisclosed Melbana Energy's Interest: 30% Melbana Energy's Interest: contingent royalty
Slide 7: Corporate Overview
Corporate Overview Experience of the Board & Management Company Data A$ (27 July 2021) Andrew Purcell Investment banking (Credit Suisse, Macquarie Bank), Australia and ASX Code MAY BEng (Elec), MBA Hong Kong. Experienced in resources banking, cross border Executive Chairman financing, commodity hedg
Slide 8: Project Locations and Summary
Project Locations and Summary Cuba • Two high-impact onshore exploration wells – commencing 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 progra
Slide 9: 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 10: 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 • To be drilled adjacent to previous disc
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 in April 2021 to a US$60 billion Fortune 500 O&G company. Planning underway for 2022 drilling • Melbana to receive US$7.5 million initial payment (upon receipt of regulatory approvals/ satisfaction of conditions precedent) • Contingent ad
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: Melbana Energy Limited
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