Drilling of Amistad 2 Production Well Commenced

• Drilling of Amistad-2 production well commenced in Cuba
• Well planned to be drilled to a total depth of 1125 metres
• Targeting fractures in the Unit 1B formation based on seismic interpretation

Melbana Energy Limited has announced that the drilling of the Amistad-2 production well commenced in the early hours of Thursday, 18 September 2025 (Cuba time). The well is planned to be drilled to a total depth of 1125 metres measured depth (MD). The Unit 1A formation will be logged, but not tested, en route. A 650-metre MD section of the Unit 1B formation will be drilled to intersect a series of natural fracture systems interpreted from seismic. The geological target is approximately 850 metres southwest of, and 200 metres up-dip to, Alameda-2 in a location near the crestal-axis of a localised anticline, which is interpreted to have significant fracturing of the carbonate reservoir.