Melbana Energy (ASX:MAY) said that flow testing has commenced on the Alameda reservoir in Cuba, following flow testing on the Marti reservoir, according to a Tuesday filing with the Australian Securities Exchange.
The company plans to assess oil quality and flow rates for the Alameda reservoir, aiming to understand geological formations at depth. The reservoir will be tested as a single zone with perforations covering the lower section, which is interpreted to contain the highest porosity and productivity interval. Flow testing is expected to take up to five days to finish, the company said.
Melbana Energy operates Block 9 PSC onshore Cuba and holds a 30% interest in it, according to the filing.
Shares rose 5% in morning trading.
Comments