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What Are the Key Highlights of Melbana Energy's Activities for the Quarter? — ASX:MAY| ASX Mining News & Discussion
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$MAY What Are the Key Highlights of Melbana Energy's Activities for the Quarter?
Melbana Energy's Promising Quarter: Advances in Cuba's Oil Sector

Melbana Energy Limited (ASX: MAY), a key player in the energy sector, has provided a comprehensive update on its activities for the quarter ending December 31, 2023. The period was marked by significant advancements in its Cuban operations, particularly the Block 9 Production Sharing Contract (PSC), and a solid financial position.

Substantial Progress in Cuba's Block 9 PSC: Early Production Testing Yields Positive Results

Melbana Energy, holding a 30% participating interest and acting as the operator in the Block 9 PSC, has successfully completed early production testing from Unit 1B of the Alameda-2 well. The production, which ran for 10 days, resulted in twenty tanker loads of oil being delivered for storage. This phase was critical for gathering data on reservoir performance and logistics, providing valuable insights for future field development planning.

Alameda-3 Appraisal Well: A New Chapter

The drilling of the Alameda-3 appraisal well commenced ...
What Are the Key Highlights of Melbana Energy's Activities for the Quarter?

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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?