Melbana Energy has provided an update on its drilling operations in its Block 9 contract area onshore Cuba. The well is being side-tracked following a stuck pipe event.
Melbana Energy has announced the spudding of the Zapato-1 exploration well in Block 9, onshore Cuba. The Zapato-1 well will test a target with a Prospective Resource (Best Estimate) of 95 million barrels of oil.
Melbana Energy Limited (ASX:MAY – Get Rating) insider Andrew Purcell bought 1,116,122 shares of the business’s stock in a transaction on Tuesday, May 3rd. The shares were acquired at an average cost of A$0.09 ($0.06) per share, for a total transaction of A$100,450.98 ($70,740.13). Andrew Purcell also recently made the following trade(s): On Monday, March […]