Melbana Energy Advances Cuba Operations
Company Announcements

Melbana Energy Advances Cuba Operations

Melbana Energy Limited (AU:MAY) has released an update.

Melbana Energy Limited reports positive preliminary results from logging the Alameda-3 appraisal well in Block 9, Cuba, with good quality data indicating a heavily fractured section with potential for oil. Technical issues that delayed drilling have been resolved, with operations set to resume soon and flow tests to follow. The company remains on track for first oil sales by the end of 2024, bolstered by successful workshops and field visits in Cuba with partners and regulators.

For further insights into AU:MAY stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskMelbana Energy Advances Cuba Oil Project and Expands in Australia
TipRanks Australian Auto-Generated NewsdeskMelbana Energy Announces 2024 Annual General Meeting
TipRanks Australian Auto-Generated NewsdeskMelbana Energy Upholds Corporate Governance Standards
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App