• Commenced Alameda-2 workover and Amistad-2 access road and well pad construction in Cuba Block 9
• Reported maiden Prospective and Contingent Resources for AC/P70 permit in Australia
• Ended quarter with $7.6 million cash on hand

Melbana Energy Limited (ASX: MAY) provided a quarterly activities summary for the period ended 31 March 2025. In Cuba, the company commenced the workover of the Alameda-2 well and the construction of the Amistad-2 access road and well pad within the Block 9 PSC, where Melbana holds a 30% interest and is the operator. The Alameda-2 workover program was designed to remediate interpreted near-well formation damage, and the Amistad-2 well is planned to spud in the June quarter, targeting the highest confidence (1C) resource of 16 million barrels. In Australia, Melbana reported maiden Prospective and Contingent Resource estimates for its 100%-owned AC/P70 permit in the Timor Sea, with a combined unrisked gross best estimate Prospective Resource of 2,754 Bcf and 43 MMbbl, and a combined unrisked best estimate (2C) Contingent Resource of 276 Bcf and 34 MMbbl. The company also had $7.6 million in cash available at the end of the quarter.