Melbana taking leaps and bounds in Cuba

AUSTRALIA-headquartered Melbana Energy is told the market this morning it is close to finalising a work program for the onshore Cuban Block 9 Cuban PSC with Angolan state oil company Sonangol, which is now conducting due diligence prior to a binding farmin agreement.

Melbana taking leaps and bounds in Cuba Melbana taking leaps and bounds in Cuba Melbana taking leaps and bounds in Cuba Melbana taking leaps and bounds in Cuba Melbana taking leaps and bounds in Cuba

 

In late December Melbana released details of the Heads of Agreement which would see Sonangol fund 85% of all costs to drill and complete two wells targeting the Alameda and Zapato reservoirs.