Melbana Energy Limited Announces Initial Resource Estimate for Hudson Prospect
Melbana Energy Limited, a prominent player in the upstream oil and gas sector, recently disclosed their initial prospective resource estimate for the Hudson Prospect.
The maiden estimate of the Prospective Resource for the Hudson Prospect signals robust potential for this venture. This initiative characterises Melbana's strategic intent to unlock value by exploring and developing underexploited oil and gas assets.
The company’s internal assessment teams leveraged advanced geophysical surveys and subsurface mapping techniques to accurately estimate the prospective resources at the Hudson Prospect.
"We are excited about the calculated estimation for Hudson Prospect," stated Melbana's CEO, Mr Peter Stickland. He further expressed, "This estimation enhances our confidence in the project's potential, reinforcing our commitment to the systematic exploration of its value".
The announcement of this maiden prospective resource estimate reflects a positive progression for Melbana Energy Limited, with the Hudson Prospect becoming a considerable focus for ongoing exploration activities.
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