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Can Melbana Energy's Block 9 Development Propel It from Explorer to Producer? — ASX:MAY| ASX Mining News & Discussion
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Lykeshares Official
$MAY Can Melbana Energy's Block 9 Development Propel It from Explorer to Producer?
Melbana Energy Limited (ASX: MAY) has achieved a significant milestone with the formal approval of the initial development phase for Unit 1B in the Block 9 Amistad field, located onshore Cuba. This development is set to transition the company from exploration to production, with the first oil cargo export anticipated by the end of 2024. The project is advancing on multiple fronts, including well remediation, new well drilling, and finalization of export contracts, positioning Melbana for a promising start to 2025.

Development Overview: Laying the Groundwork for Production

Melbana Energy has received formal approval for the initial development of Unit 1B in the Block 9 Amistad field. The construction approval for the next well pad under Unit 1B marks a critical step forward. With all necessary export approvals secured and the arrival of oil trucks and tankers in the country, the company is on track to export its first trial cargo of ...
Can Melbana Energy's Block 9 Development Propel It from Explorer to Producer?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?