Melbana Energy Limited (AU:MAY) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Melbana Energy Limited is making strides in Cuba’s Block 9 with the arrival of materials for the Alameda-2 workover, despite shipping delays due to hurricanes. The company has secured permits to begin civil works for its 2025 program and expects drilling at the Amistad-2 production well to start soon after the workover. Plans for future production facilities are advancing as Melbana aims to boost production rates and meet delivery goals.
For further insights into AU:MAY stock, check out TipRanks’ Stock Analysis page.