Alameda-1 Well Spuds

Melbana Energy release

SYDNEY, AUSTRALIA (14 SEPTEMBER 2021)

Melbana Energy Limited (ASX: MAY) (Melbana) is pleased to report that the Alameda-1 exploration well spudded (commenced drilling) on Monday morning, 13 September 2021, Cuban time (see image on the next page).

The Alameda-1 well shall test three separate targets with a combined prospective resource (best estimate) of 141 million barrels of oil1.

Conditions at site are good and an additional 14 containers of contractor materials and equipment arrived at port on schedule on 13 September and are in the process of clearing customs and being transported to site. Additional Melbana personnel have also now arrived in country to supplement the capabilities of the project management team.

Melbana Energy’s Executive Chairman, Andrew Purcell, commented: “This has been a long-anticipated day and our thanks and appreciation go out to all those members of our project management team that have toiled so tirelessly over many months to ensure that we commenced drilling on schedule. We will provide regular updates as drilling progresses.”