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Why Has Melbana Energy Halted Drilling on Amistad-11 in Cuba?
9:36am on Friday 5th of December, 2025 AEDT
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Energy
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Why Has Melbana Energy Halted Drilling on Amistad-11 in Cuba?
9:36am on Friday 5th of December, 2025 AEDT
Key Points
Amistad-11 drilling deferred due to Sonangol’s funding shortfall
Sonangol unable to remit payments within 2025 budget year
Melbana issues Notice of Default under Joint Operating Agreement
Potential forced assignment of Sonangol’s 70% interest if unresolved
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