Melbana Energy Advances Cuban Oil Project and Expands in Australia

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

Melbana Energy Limited is progressing with its Cuban oil project, having appraised three oil-bearing formations and defined a contingent resource of 46 million barrels. The company aims to export its first trial cargo, though efforts have been delayed by late-season hurricanes. Additionally, Melbana is expanding its exploration portfolio in offshore Australia, focusing on large hydrocarbon accumulations.

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