Melbana Energy provides quarterly activities summary for the period ended 31 December 2020
01 Feb 2021
Construction of well pad for Alameda-1 more than half completed.
Drilling contract with preferred supplier amended to accommodate additional operational requirements. Contracts for supply of long lead items (tubulars, well casings etc.) approvedand ready for award. Amended project timeline being prepared,spud date now Q2 2021.
All partner and regulatory approvals received for two well work program and budget. Permitting and land access agreements for first well complete. Cuban work visas for key expatriate project management personnel received.
First well (Alameda-1) to take about 75 days. Three targets with a combined Prospective Resource of 143 MMBBLS(Best Estimate) to be tested, each of which have previously recovered hydrocarbons and the best of which independently assessed to have a 32% chance of success.