Well...Our timing is going BRILLIANTLY! New announcement....and...

Well...

Our timing is going BRILLIANTLY! New announcement....and plans to spud Alameda 3 very soon to appraise the oil encountered in the deeper Alameda and Marti. Very interesting times ahead for holders! Good luck all!

Melbana Energy’s Executive Chairman, Andrew Purcell, commented: “Following the success of Alameda-2, we are delighted to confirm plans to spud Alameda-3 in the near term to appraise the oil we previously encountered in the deeper Alameda and Marti Formations.

As we have consistently stated, these remain our most prospective targets within Block 9. Prior to spudding Alameda-3 in November, we are working on our plans to commence early production from Unit 1B to better understand the reservoir’s characteristics given the good flow rates and oil quality observed there.

This early production will allow us to review our logistics and transaction procedures ahead of the finalisation of our field development plans for 2024, which we are presenting to our partners this week.

It is important to reinforce that Units 1A and 3 from this reservoir are also productive and will form part of our development plan for the Amistad Formation.”