Melbana Energy

Melbana Energy Limited is an Australian oil and gas exploration company. The company has projects in Cuba and Australia focused on large oil exploration targets.

Melbana's flagship project is the Block 9 production sharing contract in Cuba, where it has made two oil discoveries, Alameda-1 and Alameda-2. Block 9 contains the Alameda oil field and multiple exploration leads targeting over 1 billion barrels of prospective resources. The company is currently drilling its third well, Alameda-3, to further appraise the discovered resource.

In Australia, Melbana has an option to farm-in to the large Beehive prospect located in the Bonaparte Basin offshore Western Australia. The Beehive prospect has been estimated to contain over 1 billion barrels of oil in place. Additionally, Melbana has identified the adjacent Hudson prospect with a similar resource potential that it aims to farm out for drilling.

With its portfolio of high-impact exploration opportunities spanning discovered resources and large prospects, Melbana aims to become a billion-barrel oil company within three years. The company is fully funded for its current drilling campaign in Cuba and continues technical work to mature other opportunities in its portfolio.