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https://www.copyright link/world/north-america/a-one-time-macquarie-banker-claims-he-found-oil-worth-30b-in-cuba-20231016-p5ecqh

Andrew Purcell, a former junior Macquarie investment banker, said that the energy company he chairs began pumping oil from a well in Cuba this week, a step towards obtaining the 267 million barrels of oil his geologists estimate could be extracted from the field.

At 80 per cent of current prices – a discount applied because of the Cuba government’s control of oil prices in the Carribean communist nation – the little-known, Sydney-based Melbana Energy’s oil discovery on Cuba’s northern coastline is worth approximately $30 billion