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Melbana Energy - Block 9, Cuba Operations Update


Highlights:
- Drilling operations on Alameda-1 well forecast to commence on 13 September 2021
- Mobilisation dates agreed with contractors
- Shipments of remaining equipment and inventory scheduled to arrive in Cuba this month
- Inspection of drilling rig undertaken and satisfactorily completed
- Civil works related to second exploration well (Zapato-1) commenced
- Entitlements offer launched to fund Melbana’s share of remaining projected commitments (inclusive of contingency)
- Block 9 drilling program is for the drilling of two exploration wells testing four separate targets. Total Prospective Resource 236 million barrels of oil (Best Estimate)* - Melbana 30%.

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