Melbana Energy Limited (ASX: MAY) (Melbana or Company), a 30% interest holder in and Operator of Block 9 PSC onshore Cuba, is pleased to provide this operational update.

Civil works are being finalised to expand the pad to allow for more equipment necessary to drill the deeper Alameda-3 well. Alameda-3 will test the lower two geologically independent oil-bearing reservoirs intercepted by Alameda-1 - designated Alameda and Marti, respectively. The drilling rig is being maintained and enhanced on site in preparation for the commencement of drilling.

Necessary inventory and equipment are being moved to site to enable spud of Alameda-3 in November. Ahead of the commencement of drilling of Alameda-3, the Company is establishing equipment necessary to obtain early production from the Unit 1B reservoir encountered in Alameda-2

Contact:

Tel: +61 2 83 23 66 00

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