- Melbana Energy (MAY) progresses its Alameda-1 exploration well being drilled in Block 9 PSC, onshore on the north coast of Cuba
- The company has completed remedial works at the well, which included the cement plug
- In parallel to undertaking these works, an additional mud gas separator was installed to give the rig further capacity
- Mapping has now commenced at the well to characterise the resource potential of the unexpected hydrocarbon zones encountered so far
- On the market this morning, Melbana is in the grey and trading at 2.6 cents per share
Melbana Energy (MAY) has released an update on the progress of its Alameda-1 exploration well being drilled in Block 9 PSC, onshore on the north coast of Cuba.
The oil and gas explorer completed remedial works at the site.
This work included the cement plug, which has been injected and drilled out to 1821 metres and will continue to 1842 metres once the higher density mud has been displaced from the well.
Due to the increase in pressure detected at around 1800 metres, the company said it was important that these remedial works were completed before drilling continued.
In parallel to undertaking these works, an additional mud gas separator was installed to give the rig further capacity.
Previous samples collected showed an American Petroleum Institute (API) of 15°, lighter than the nearby Varadero field. However, these samples were not optimum and better samples, to be collected, will be reanalysed at the next opportunity.
Notably, oil of this specific gravity is common in Cuba and typically free flowing.
Mapping has now commenced at the well to characterise the resource potential of the unexpected hydrocarbon zones encountered so far.
On the market this morning, Melbana was in the grey and trading at 2.6 cents per share at 12:45 am AEDT.