Melbana Energy has provided an update on its drilling operations at its Alameda-1 exploration well in the Block 9 contract area onshore Cuba. The well has encountered a gross oil interval of 500mMD (~450mTVD) in the N structure, accompanied by high gas pressure. Preparations are underway to log the section.
The interval just drilled by Melbana Energy at the Alameda-1 exploration well commenced at approximately 3077 mMD (2970 mTVD), indicating a potential gross reservoir interval of possibly as much as 500 mMD (450 mTVD).
Melbana Energy has called for a trading halt on its shares pending an announcement regarding the Alameda-1 exploration well, which is being drilled onshore Cuba.