Petro Australis backs in

PRIVATE Australian group Petro Australis has exercised its right to secure a 40% interest in Melbana Energy’s flagship Block 9 in Cuba, although it has yet to provide any information on funding.

Petro Australis backs in Petro Australis backs in Petro Australis backs in Petro Australis backs in Petro Australis backs in

Cuba flag.

Subject to Petro Australis receiving the necessary Cuban regulatory approvals and meeting 40% of past costs Melbana will reduce its stake from 100% to 60%.

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