Melbana Energy Limited provided update on its drilling operations in the Block 9 contract area, onshore Cuba. Drilling has continued with only minor interruptions in the past week at a slow but satisfactory pace given the hardness of the formation. The predrill prognosis for the start of the target formation of about 2,650 mMD remains the best estimate for when a change in lithology may occur.
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5-day change | 1st Jan Change | ||
0.066 AUD | -4.35% | -10.81% | -12.00% |
Apr. 18 | Melbana Energy Encounters Potential Hydrocarbons at Alameda-3 Well | MT |
Mar. 25 | Melbana Energy Confirms Maiden Contingent Resource of Unit 1B in Cuba | MT |
1st Jan change | Capi. | |
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-12.00% | 154M | |
+1.88% | 281B | |
+62.31% | 134B | |
-6.50% | 128B | |
+5.77% | 72.65B | |
-3.01% | 67.95B | |
-0.29% | 53.06B | |
-0.77% | 44.05B | |
-13.14% | 34.22B | |
+19.72% | 33.17B |
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