Cuba Block 9 – Exploration Resource Potential

Melbana Progress On Block 9 So Far PSC (2,380 km² or 588,000 acres) located onshore and close to infrastructure . Commenced pre-qualification in 2012 • • . Prequalified as Operator early 2013 Identified Block 9 as preferred opportunity Commenced direct negotiations with Cupet for Block 9 PSC September 2015 Melbana Energy • (100%*) awarded Block 9 PSC in for • 25 year term - Boca de Jaruco Bacuranao Canasi- P. Escondido Yumuri- Seboruco Varadero Majaguillar San Anton Cardenas Matanzas Angelina Structural Trends Marti Block 9 Motembo La Habana (Havana) Cuba 50 kilometers 8½ year Exploration Period divided into four sub-periods, with withdrawal options at the end of each sub-period Low first Exploration sub-period commitment consisting of studies and seismic reprocessing Mid 2016 opened Havana office and appointed experienced, high calibre in country representative to facilitate accelerated activity Substantial data aggregation and integration work undertaken to provide a block wide stratigraphic interpretation *Subject to Petro Australis conditional option to back in for 40%, no later than Sept 2017. See ASX announcement dated 3 Sept 2015 11

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