Melbana Energy Limited · ASX:MAY
Melbana Energy — Investor Presentation (September 2018)
19 slides from Melbana Energy's investor presentation, Sep 19, 2018
Slide 1: Corporate Presentation
Corporate Presentation World Class Oil & Gas Exploration Acreage 19th September, 2018
Slide 2: Well positioned to increase shareholder value as we focus our portfolio
Well positioned to increase shareholder value as we focus our portfolio…. Early mover advantage into Cuba energy sector with excellent oil & gas prospectivity and modest operating costs Demonstrated world class, large scale exploration potential for Block 9; farmout active Exclusive rights to study
Slide 3: Seven potential near term catalysts
Seven potential near term catalysts……. Sign Letter of Intent for Block 9 Farmout (end September) Sherritt Cuba Block 10 drilling result (imminent) Sign long term binding agreement for Santa Cruz IOR (December 2018) Sign long term binding agreement for Block 9 farmout (December 2018) Block 9 drilling
Slide 4: Company Overview
Company Overview Company Data 12 Month Share Price Performance 0.025 Listed 1998 Exchange ASX (Ticker MAY) 0.020 0.015 Shares on issue ~1,681 million Volume ('000) Price ($) Options/Rights ~115/~7 million 0.010 Market Cap (18 Sep 18 ) ~A$35 million 0.005 Cash (30 June 18) ~A$6.1 million 0.000 Sep-17
Slide 5: Major Projects Summary
Major Projects Summary Cuba (Block 9, 100%) USA • Onshore block in proven hydrocarbon system USA USA • Potential of ~15.7 billion barrels of oil in Cuba place1, recoverable Prospective Resources of Block 9 Santa Cruz IOR 718 million barrels of oil1 • Targeting drilling up to two wells, testing four
Slide 6: Cuba – An Overview
Cuba – An Overview Why Cuba? • Under-explored • Limited application of modern exploration techniques • Early mover advantage • Technical competence • Low operating costs of ~USD16/bbl2 • Strong government support for oil industry − Produce half of domestic needs − Tax rate 15-22.5% and 8 year tax ho
Slide 7: Cuba, Block 9 – Resource Assessment
Cuba, Block 9 – Resource Assessment McDaniel & Associates assess Prospective Resources up to 1.5 billion barrels • Significant onshore footprint - 2,380km2 • Lightly explored • Along trend from Varadero oil field • 3 prospects, 16 leads identified; potential for Varadero type structures • Engaged Mc
Slide 8: Cuba, Block 9 – Leads in Conventional Play
Cuba, Block 9 – 19 Leads in Conventional Play Priority drill targets identified – Alameda, Zapato and Piedra Havana Block 10 (Sherritt 100%) drilling exploration well Cuba Varadero Field is the largest oil field in Cuba with over 11 billion barrels of oil in place (10.5-14.3° API) Varadero Cupey Maj
Slide 9: Cuba, Block 9 - Alameda Prospect
Cuba, Block 9 - Alameda Prospect Multi-target exploration drilling close to historic oil recoveries • Three individual target zones for Alameda, two up-dip of known oil recoveries • Marti-5 (1988) recovered oil (24°API) with oil shows over an 850 metre gross interval • 32% chance of success at Alame
Slide 10: Cuba, Block 9 – Zapato Prospect
Cuba, Block 9 – Zapato Prospect Multiple structures with 200 million barrel oil exploration potential • Large fractured carbonate objective • Working oil system - adjacent to shallower Motembo oil field which produced high quality light crude (50 – 64.5° API) • Crest of structure ~2,000 metres with
Slide 11: Block 9 - Preparations for drilling
Block 9 - Preparations for drilling Securing people, permits, equipment and services • Field work surveys completed for Alameda-1 and Zapato-1 well and camp sites • Civil engineering design nearing completion • Preferred civil works contractor identified Permitting • Well defined regulatory process
Slide 12: Cuba, Santa Cruz – Incremental Oil Opportunity
Cuba, Santa Cruz – Incremental Oil Opportunity A potential accelerated path to becoming an oil producer in Cuba • Exclusive right to assess Santa Cruz oil field and negotiate a long term incremental oil recovery agreement • Part of Cuba’s northern fold belt which continues into Block 9 • Discovered
Slide 13: Cuba – Key focus areas
Cuba – Key focus areas Block 9 • Successfully conclude Block 9 farmout with preferred farminees • Continue to develop Melbana’s new integrated seismic interpretation methodology • Progress drilling readiness for two preferred targets ‒ Drilling rig ‒ Long Lead materials and services ‒ Environmental
Slide 14: Australia – Beehive Prospect
Australia – Beehive Prospect Seismic Funding/Farmin Option Agreement with and . • Largest undrilled oil prospect offshore Darwin Australia • Independent Expert McDaniel & PETREL Associates Report estimates Prospective FRIGATE Resources to range from 91 (low) to 1.6 TERN billion (high) barrels of oil
Slide 15: Australia – Beehive Prospect
Australia – Beehive Prospect Beehive – an enormous feature analogous to giant Tengiz oil field • Undrilled new play type in Basin • Isolated carbonate platform • Age and Reservoir setting analogous to Beehive giant Tengiz oil field in Caspian Sea • Beehive highgraded following discovery of Ungani oi
Slide 16: Tassie Shoal Methanol and LNG Projects
Tassie Shoal Methanol and LNG Projects Innovative lowest cost development paths for discovered stranded gas • Federal & State Government Environmental approvals valid to 2052 to build two methanol and one LNG plant • Potential for value creation via carried interest in development and/or tolling inc
Slide 17: New Zealand – PEP51153
New Zealand – PEP51153 • Conditional non-binding Letter of Intent signed to divest 30% participating interest to joint venture partner for A$100K cash • Conditions include extension of current permit or revised permit to be issued by New Zealand Government, which may or may not occur • If transactio
Slide 18: Disclaimer
Disclaimer Forward-looking Statements and Resources 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 t
Slide 19: Please visit our website for more information
Please visit our website for more information Robert Zammit Chief Executive Officer robert.zammit@melbana.com Telephone: +61 (3) 8625 6000 www.melbana.com
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