Melbana Energy Limited · ASX:MAY
Melbana Energy — Investor Presentation (February 2017)
23 slides from Melbana Energy's investor presentation, Feb 1, 2017
Slide 1: Corporate Presentation February 2017
For personal use only Corporate Presentation February 2017
Slide 2: Disclaimer: Forward-looking Statements and Resources
Disclaimer For personal use only 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
Slide 3: Summary
Summary Cuba For personal use only USA • Block 9 exploration potential increased 50% to ~12 billion USA barrels of oil-in-place with recoverable Prospective Resources of 612 million barrels (100% share, unrisked Cuba Block 9 Best Estimate)* • Alameda Prospect highest ranked with 65 million barrels P
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Share Price For personal use only Share price (as at 31/1/2017) A$0.021 5 140 Volume Share price Shares on issue 953.2m 4 120 100 Options 6.5m 3 Millions 80 Cents Share Performance Rights 26.3m 2 60 40 Market Capitalisation ~A$20m 1 20 Cash (Dec 2016) ~A$4.4m 0 -
Slide 5: Cuba
For personal use only Cuba 5
Slide 6: Cuba Block – An Overview
Cuba Block 9 – An Overview Block 9 PSC For personal use only • 100%* interest in Block 9 PSC (2,380km2 or 588,000 acres) located onshore in Cuba • 25 year term (awarded in 2015) • Exploration sub periods: • 1 (Sept 2015 to Nov 2017) – studies and seismic reprocessing – largely completed • 2 (Nov 201
Slide 7: Cuba Block – An Oil Rich Region
Cuba Block 9 – An Oil Rich Region Cuba Prospectivity and Market For personal use only • Represents under-explored south-eastern margin of the Gulf of Mexico – one of the world’s great petroleum mega provinces • Limited application of modern exploration techniques due to 50+ year US embargo • Cuba cu
Slide 8: Cuba Block – Resource Assessment
Cuba Block 9 – Resource Assessment Exploration potential for over 12 billion barrels of oil-in-place For personal use only • Exploration potential increased 50% to over 12 Boca de Canasi- Bacuranao Jaruco P. Escondido Yumuri- billion barrels of oil-in-place and Prospective Seboruco Varadero Majaguil
Slide 9: Cuba Block – Leads in Conventional Lower Sheet
Cuba Block 9 – 18 Leads in Conventional Lower Sheet Priority drill targets identified – Alameda Prospect, C1 and A2 Leads For personal use only 9
Slide 10: Cuba Block – Alameda Prospect
Cuba Block 9 – Alameda Prospect 214 million barrel high side potential close to historic oil recoveries For personal use only • Large structure in western part of Block 9 • Primary objective in depth range from 3,000 to 3,700 metres • Marti-5 (drilled 1988) recovered lighter oil (24°API) and had oil
Slide 11: Cuba Block – High Potential A2 and C1 Leads
Cuba Block 9 – High Potential A2 and C1 Leads Multiple structures with hundred million barrel exploration potential For personal use only • A2 Lead is a large structure supported by two nearby shallow wells that recovered oil from the upper sheet above the deeper A2 lower sheet target • C1 Lead is a
Slide 12: Australia and New Zealand
For personal use only Australia and New Zealand
Slide 13: Onshore New Zealand – PEP51153 Overview
Onshore New Zealand – PEP51153 Overview • 30% interest in PEP51153 (85km2 or 21,000 acres) For personal use only located onshore in New Zealand east of TAG Oil Ltd’s producing Cheal field Puka PEP 51153 • TAG is operator and holds remaining 70% Waihapa • PEP51153 contains the high impact Pukatea Che
Slide 14: Onshore New Zealand – Pukatea-1
Onshore New Zealand – Pukatea-1 High impact Pukatea prospect targeted to be drilled in 2017 For personal use only • Joint Venture recently upgraded prospectivity assessment for Pukatea by nearly 50% • High impact exploration opportunity, targeting a highly productive conventional reservoir in the Ti
Slide 15: Australia – WA-488-P & the Beehive Prospect
Australia – WA-488-P & the Beehive Prospect Beehive - One of the largest undrilled hydrocarbon structures in Australia For personal use only • Beehive is a significant, multi billion barrel oil Darwin prospect located on WA-488-P • Beehive Prospective Resources estimated to PETREL range from 97 to 2
Slide 16: Australia – Beehive Prospect
Australia – Beehive Prospect Beehive – a feature of enormous scale For personal use only • Located in ~40 metres water depth • Target depth 4,000 – 4,500m • Prospect reservoir is an isolated carbonate platform of Carboniferous age. • Enormous feature: • Platform 18km across (approx. same as Melbourn
Slide 17: Corporate & Activity Pipeline
For personal use only Corporate & Activity Pipeline
Slide 18: Melbana Forward Program
Melbana Forward Program Multiple catalysts to support a significant re-rating For personal use only CUBA • Priority lower sheet drill targets identified BLOCK 9 PSC • Ongoing assessment of Block 9 prospectivity • Up to two wells to be drilled in early 2018 • Drill program planning underway NEW ZEALA
Slide 19: Investment Highlights
Investment Highlights Cuba For personal use only Only ASX listed company with Cuban energy exposure Block 9 exploration potential increased 50% to >12 billion barrels of oil-in-place & Prospective Resources of ~600 million barrels (unrisked Best Estimate, 100% share)* Priority drill targets id
Slide 20: For personal use only
For personal use only Peter Stickland Managing Director & CEO Melbana Energy Limited L15, 500 Collins Street Melbourne VIC 3000 Australia Ph: +61 3 8625 6000 Email: admin@melbana.com www.melbana.com
Slide 21: Northern Australia Acreage and Projects
Northern Australia Acreage and Projects DILI Discrete upstream projects adjacent to proven hydrocarbons For personal use only ABADI GREATER SUNRISE BAROSSA Kupang Kupang EVANS SHOAL Joint Petroleum BLACKWOOD CALDITA Development HERON Area BAYU-UNDAN Tassie Shoal Projects Concept TSMP2 TSM
Slide 22: Tassie Shoal Projects (Melbana 100%)
Tassie Shoal Projects (Melbana 100%) For personal use only Shallow water, innovative low cost development paths for regional stranded gas • Region has substantial undeveloped high CO2 gas that needs a low cost development solution • Methanol manufacturing uses gas with high CO2 (up to 30%) as feedst
Slide 23: AC/P50 & AC/P51: Multiple oil targets
AC/P50 & AC/P51 (Melbana100%*): Multiple oil targets Melbana fully carried through 3D seismic reprocessing For personal use only • Identified material Ramble On and Jur’maker oil prospects in proven petroleum system defined on modern 3D seismic data • Suitable for lower cost jack-up drilling rig • P
Melbana Energy — Investor Presentation (February 2017) on 6ix