Melbana Energy has provided a summary in relation to its activities during the quarter ended 31 December 2023. The summary includes the Block 9 PSC onshore Cuba and operations in Australia, including the Hudson Prospect in NT/P87 and WA-544-P and relinquishment of AC/P51.
CUBA HIGHLIGHTS
Block 9 PSC (Melbana 30% participating interest and Operator)
- Twenty tanker loads of oil delivered to storage from early production testing from Unit 1B of Alameda-2. Production was run for a total of 10 days to acquire data on reservoir and logistics performance. The well was then shut in to monitor pressure build up to complete data acquisition for reservoir modelling and field development planning. Analysis of results indicate potential significant increase in recoverable volumes.
- Drilling of the Alameda-3 appraisal well commenced at 6:00 AM, 15 December 2023 (Cuba time).
- Primary objectives are the appraisal of the two deeper and geologically independent Alameda and Marti reservoirs discovered by Melbana’s Alameda-1 exploration well in 2022. These two deeper reservoirs were independently estimated to contain a combined 179 million barrels of Prospective (recoverable) Resource (Unrisked Gross Best Estimate).
- Secondary objective is to conduct a flow test of the oil in Amistad Unit-3.
Hudson Prospect in NT/P87 and WA-544-P (Melbana 100%)
- During the quarter the Melbana continued with a process to farmout some of its 100% interest in the permit areas to fund the acquisition of a 3D seismic survey to further de-risk the prospect
AC/P51
- During the quarter an application was submitted to NOPTA for the surrender of petroleum exploration permit AC/P51.
Corporate
- $20.1 million cash available at the end of the quarter.
Click here for full Quarterly Activities Summary
Source: Melbana Energy
