Melbana Energy Limited (AU:MAY) has released an update.
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Melbana Energy Limited has reported positive outcomes from its operations in Cuba, with successful flow testing of the Amistad reservoir in Block 9 confirming the presence of moveable oil. An independent evaluation also revealed new Contingent and Prospective Resources, estimating a substantial quantity of oil in place. Additionally, in Australia, the company has received an 18-month extension on its primary term work conditions for two permits.
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