Cuba Gulf of Mexico Oil Exploration Opportunity
Melbana Project Summary
USA
Cuba Block 9
Cuba (Block 9 100%)
•
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Prolific and extensive hydrocarbon system in need of modern
exploration techniques and investment
Exploration potential of ~12.5 billion barrels of oil-in-place
with recoverable Prospective Resources of 637 million barrels#
Proven oil trend, ~30km from giant 11 billion barrel oil-in-place
Varadero field
Multiple targets identified - High graded Alameda-1 prospect
potential for over 2.5 billion barrels oil-in-place and 130 million
barrels recoverable #
Targeting drilling up to 2 wells in 2H 2018
New Zealand (30%)
Tassie Shoal
Projects
AC/P50 & AC/P51.
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High impact Pukatea-1 Primary target
-WA-488-P
(Beehive)
PEP51153
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Secondary target successful, likely future oil producer
Primary target Prospective Resource of 12.4 million boe #
Australia (WA-488-P 100%)
Beehive prospect located in WA-488-P is potentially the largest
undrilled conventional target in Australia
Total and Santos to fully fund 3D seismic survey
Melbana retains 20% and fully carried through first well drilled
in WA-488-P if Total and/or Santos exercise farm-in option
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# 100%, unrisked, best estimateView entire presentation