Ann: 2024 AGM Chairman Address and Company Presentation, page-185

Thank @Kit67 for posting
Six Degrees Investor Relations put out in the public arena that confirmed most of your summary back in Sept 24.

Sept 2023
Australian company Melbana Energy has recently confirmed the positive results obtained in the most recent evaluation of the Almeda-2 well in Block 9, located in the province of Matanzas.
Cuban experts confirm new oil well in Matanzas - In the option of Cupet experts, this result is considered one of the most positive in recent years by a foreign investors operating in Cuba

My take on the Melbana October 24 presentation:

‣Melbana has a first-class geoscience team with record of advancing newideas and a management team that has delivered valuable projects
‣Alameda-2 proved up project in the Upper reservoirs; field developmentplanning underway; goal of first oil on a ship by end 2024
‣Alameda-3 results under review: upside potential
‣Discussions underway with oil traders and farminees regarding funding models
‣Material interest in outcome of the Beehive well, to be drilled as early as2024, targeting 1.4 billion barrels of Prospective Resource** (100%, highestimate)
‣Melbana seeking to farm out its adjacent Hudson Carbonate Platform opportunitythat could host up to 395 mmbbl*** or 2,034 bcf*

All still looks pretty good to me plus Directors purchased more "on-market" shares back in July 22 that supported their belief & progress of what might be ahead for all of us Shareholders. $$$$$$$'s

What excited my support was AP's quote " We're looking forward to reaching this important milestone - transitioning from being an explorer to becoming a producer"

My guess with AP having an investment Bankers skillset is a potential takeover/buyout when all the boxes have been ticked off ??

Patience is the key !!

ST