Cuba Funding Received
Source: www.gulfoilandgas.com 10/22/2020, Location: South America
Melbana Energy Limited has now received payment in full for its Past Costs (~A$5.7 million), as required under the Farm-in Agreement for Block 9 PSC1. Funds called to date to meet 2020 expenditure requirements for the Block 9 drilling program total ~A$7.5 million have also now been received. Construction of the first well pad and associated civil works is progressing and a more detailed operational update will be released shortly.