Melbana Energy Limited (AU:MAY) has released an update.
Melbana Energy Limited has been granted an exploration permit for the offshore WA-552-P area in Western Australia, with a six-year initial term and a primary focus on desktop studies. The company plans to leverage its experience and data to explore for significant new gas targets, aiming to contribute to Australia’s energy mix and address projected gas deficits. This grant positions Melbana alongside major industry players and continues its strategy of pursuing exploration themes related to carbonates and salt tectonics.
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