Petroleum potential of Block 9 PSC

Geociencias Conference

La Habana, Cuba - April 2017

Disclaimer

Forward-looking Statements and Resources

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Presentation Overview

Exploration History of Block 9

Melbana methodology - integration of all data sets

Developing an integrated Structural/Stratigraphic model for Block 9 Relating Play Elements - Trap, Seal, Reservoir

New Biostratigraphic control at Marti 5

Current Resource Assessment / High-graded Prospects

Conclusions & Next steps

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Cuba Block 9 - An Overview

Block 9 PSC

  • 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 2017 to Nov 2019) - 200km 2D

      seismic acquisition

      Block 9 Prospectivity

  • Lightly explored but contains natural oil seeps and has several small discoveries

  • Along trend from Varadero oil field >11 billion barrels (CUPET pers. com)

  • Potential for Varadero type structures in Block 9

  • Adjacent to Sherritt International's producing

area (~14,700 bopd)

Low lying farmland Sealed Roads Modern drilling rig in Cuba

* Subject to Petro Australis conditional option to back in for 40%, no later than Sept 2017. See announcement dated 3 Sept 2015

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Melbana Energy Limited published this content on 06 April 2017 and is solely responsible for the information contained herein.
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