Great announcement the following I found very interesting indicating all is going well and on track for share-price explosion in the next few weeks:Looks like they Zapato is going well and good likelihood of it been a oil discovery otherwise why run casing and logging.
- case the more than 1,000 metres of open hole
- Several logging runs were then successfully conducted
- Melbana was also pleased to host a delegation from Sonangol at its offices in Melbourne last week for a productive week of technical, operational and financial meetings
- looks forward to presenting the forward appraisal plans for Block 9 once they been agreed between the joint operation partners and the Cuban regulators
They are now in discussions with their JV partner for a road map to production and should be announced shortly, once the Cuba approves it.
Ann: Zapato-1ST Drilling Update and Option Expiry Reminder, page-48
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