As shareholders would Melbana Energy is prequalified as an...

As shareholders would Melbana Energy is prequalified as an onshore and shallow water operator in Cuba and was awarded a 100% participating interest in the Block 9 PSC on 3rd September, 2015. Melbana Energy has a 30% interest in a two well exploration drilling program planned to commence in Q4 2020 that will test over 235 million barrels of prospective resource (best estimate).



MD of MAY recently did an interview where some great comments were made about Cuba.
https://www.finnewsnetwork.com.au/archives/finance_news_network297356.html

'So here we have a 416 million of oil equivalent, prospective resource previously with Cuba, it's all we had 236 million barrels in our drilling program. There, everything we're targeting, it's all elephant hunting.'

The market has never attributed any value to the Cuba leases due to the US Embargo. I hinted in earlier posts the big opportunity for MAY was the pressure by the Left on the Dems to now lift the Embargo. It is starting to get some real traction.

There was some big protests in Miami recently. Last night this article was aired on Bloomberg calling for the embargo to be lifted.

"House Democrats are reportedly pressing President Joe Biden to reverse U.S. policy on Cuba once again, returning to the detente that prevailed before Donald Trump took office. Biden should indeed take the first steps toward renewed openness — and put the onus on Cuba’s Communist leaders to respond."

https://www.bloomberg.com/opinion/articles/2021-03-11/biden-should-open-travel-trade-ties-with-cuba-again

If the embargo is lifted the value of MAY's Cuban leases goes up 10 fold IMO.