Melbana Energy (ASX:MAY) announces positive drilling update

Business news

article image

Melbana Energy has revealed it has successfully initiated its side-track well at its drilling operations in onshore Cuba.

Melbana Energy is an Australian-listed oil and gas exploration company with operations in Cuba and the Bonaparte Gulf region in Australia.

The side-track hole is currently at 1,622 metres MD. Based on current drilling rates, the company hopes that the side-track will reach or exceed the previous depth achieved of circa 1,700 metres MD before the end of the week.