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Melbana Energy to boost cash for multi-billion barrel oil hunt in Cuba

The halt will remain in place until Tuesday 15th August 2017.
Melbana Energy to boost cash for multi-billion barrel oil hunt in Cuba
Cuba is an oil rich region

Melbana Energy Ltd (ASX:MAY) has a portfolio of assets which include interests in Cuba, where it is targeting multi-billion barrel oil potential.

Melbana has a 100% interest in Block 9 PSC located onshore, with the company targeting drilling up to two wells commencing mid-2018.

The company also has interests in New Zealand and Australia.

Melbana is now heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Tuesday 15th August 2017, or earlier if an announcement is made to the market.

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Melbana Energy Ltd Timeline

Newswire
August 17 2016

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