Melbana Energy Advances Cuba Oil Project and Expands in Australia

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

Melbana Energy Limited is making significant strides in its international operations, with the initial development of Unit 1B in Cuba on track for early 2025 and plans to export its first oil cargo by the end of 2024. Meanwhile, the company is expanding its exploration portfolio in Australia with a new petroleum exploration permit in the Dampier Sub-basin. These developments reflect Melbana’s growth strategy and could pique investor interest in its potential for increased oil production and exploration success.

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