04 Melbana Energy Limited Annual Report 2024 Highlights Cuba Block 9 Cuba Cuba The Alameda-1 exploration well, completed in 2022, identified three vertically stacked and geologically independent oil-bearing formations (called Amistad, Alameda and Marti). The recently completed two well appraisal program was designed to collect more information on the oil quality in these formations, their production and geological characteristics and the capabilities of the oil processing facilities and related oil storage and logistics. ALAMEDA-22 (Our first appraisal well) had the objective of testing the different sections (called Units 1, 2 and 3) of the Amistad (shallowest) structure. Highlights include: – Successfully reached target total depth on time and on budget; – Unit 1 shown to comprise two different productive units, Unit 1A and Unit 1B; – Unit 1A: 12° API oil recovered at surface without assistance; – Unit 1B: 19.8° API low (<3%) sulphur oil recovered at surface without assistance at a controlled rate of 1,235 BOPD; Block 9 Appraisal Program Completed 2 Also referred to as Amistad-1.
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