Melbana Energy Limited (MAY:ASX)
Melbana Energy Limited is an Australia-based oil and gas company. The Company’s principal activities include oil and gas exploration in Cuba and Australia together with development concepts for the Tassie Shoal Methanol and Timor Sea LNG Project. Its operations include Cuba - Block 9 Production Sharing Contract (PSC), Cuba - Santa Cruz, WA-488-P, WA-544-P, NT/P87 and Tassie Shoals. Cuba - Block 9 PSC covers approximately 2,344 square kilometers onshore on the north coast of Cuba, approximately 140 km east of Havana in a proven hydrocarbon system and along trend with the multi-billion-barrel Varadero oil field. The Santa Cruz oil field is located approximately 45 kilometers from Havana between Boca de Jaruco and Canasi oil fields and approximately 150 kilometers west of Melbana’s existing Cuba - Block 9 PSC. WA-488-P contains the Beehive prospect with its prospective resource of up to 1.4 billion barrels of oil. The Beehive is located near to ENI’s producing Blacktip gas field.