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.
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