MAY 4.35% 2.2¢ melbana energy limited

New writeup, page-40

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    Cuba has a significant and established hydrocarbon sector. About 97% of its oil production occurs in a northern belt of oil production extending about 150 km to the east of the capital, Havana. The most significant discovery to date is the Varadero field, a heavy oil field estimated to have more than 11 billion barrels of oil in place. Melbana’s contract area lies to the east and on trend of this northern production zone – close to the Varadero discovery.
 
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