05 Melbana Energy Limited Annual Report 2025 5 Internal estimate - 100% share, best estimate. 6 See ASX announcement dated 26 February 2025. Melbana was formally awarded a new offshore 516km2 exploration permit, WA552-P, in the first offshore acreage release in Australia in recent years. Hudson Prospect WA-544-P and NT/P87 (100%) – Continued a process to seek a partner to fund next stage of exploration work on a structure estimated to hold a Prospective Resource of either 466 BCF of gas or 90 million barrels of oil5. AC/P70 (100%) – Interpretation and mapping of reprocessed 3D seismic survey was completed resulting in maiden resource assessments6 for the historical Vesta and Swan gas and oil discoveries and adjacent prospects identified by the Melbana team. A marketing process was commenced with good engagement from several parties; and, WA-448-P (contingent cash and royalty interest) – Operator of the permit received environmental approval to drill an exploration well, and applied for additional time to meet drilling commitment. Significant progress with offshore exploration opportunities Australia DEVELOPMENT DRILLING PROGRAM Design, permitting, procurement and construction was completed in preparation for the drilling of Amistad-2 and Amistad-3. Highlights include: Successfully developed and lab tested a new non-damaging reservoir drilling fluid to mitigate the risk of formation damage in future Block 9 wells. A new, simplified well design for the single-target objective development wells in the shallow Amistad sheet. Construction of the Amistad-2 (Pad 9) and Amistad-3 (Pad 4) well locations and associated roads and camp. Completed procurement and delivery receipt of all equipment and materials necessary to drill Amistad-2 and Amistad-3. Completed procurement of production equipment for Amistad-2. Awaiting arrival of the drilling rig to commence drilling of Amistad-2. Tassie Shoal Methanol LNG Projects AC/P70 WA-488-P NT/P87 WA-544-P Australia WA-522-P
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