Melbana Energy Limited (Melbana or Company) is pleased to advise that drilling
of the Amistad-2 production well commenced in the early hours of Thursday, 18 September
2025 (Cuba time). A short while ago the bit was at 37 metres and drilling ahead.
Amistad-2 is planned to be drilled to a total depth of 1125 metres measured depth (MD). The
Unit 1A formation will be logged, but not tested, en route. A 650-metre MD section of the Unit
1B formation will be drilled to intersect a series of natural fracture systems interpreted from
seismic (see Figure 1). The geological target is approximately 850 metres southwest of, and
200 metres up-dip to, Alameda-2 in a location near the crestal-axis of a localised anticline,
which is interpreted to have significant fracturing of the carbonate reservoir.