Melbana gets time extension for Cuban asset

ASX-listed Melbana Energy has received initial approval from the Cuba Oil Union, or CUPET, to amend its production sharing contract for Block 9 onshore Cuba.

Melbana gets time extension for Cuban asset Melbana gets time extension for Cuban asset Melbana gets time extension for Cuban asset Melbana gets time extension for Cuban asset Melbana gets time extension for Cuban asset

 

 

The amendment to the PSC will give Melbana an extension to its current exploration period for another year, until November 2020.

It will also reduce the size of the block by 24.6sq.

  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Govt's COVID-19 Commission under scrutiny. Read more.
  • Latest COVID-19 Coverage: NT throws cash at oil and gas industry. Read more.