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Melbana to Regain Full Ownership of Cuba Block 9 After Partner Default

12:22pm on Monday 20th of April, 2026 AEST Energy
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Melbana to Regain Full Ownership of Cuba Block 9 After Partner Default

12:22pm on Monday 20th of April, 2026 AEST
Key Points
  • Sonangol defaults on US$23.5 million payments, triggering ownership reversion
  • New seismic data reveals subsurface misinterpretation affecting Amistad-2 well
  • Amistad-1 well producing unassisted oil, validating redrill plans
  • Planned 3D seismic survey to guide efficient resource extraction
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