Feb. 1 (UPI) -- Cuba-focused Melbana Energy said it more the doubled its reserve estimates for onshore oil, though recovery rates there are low so far.

Melbana is one of the few Western oil companies, and the only one listed on the Australian exchange, with a footprint in Cuba. In a statement on its reserve estimates, CEO Peter Stickland said the 612 million barrels of prospective oil in its Block 9 onshore area was "extraordinary."



Recent Articles

Date Title
2/26/17 Exile initiative aims to help hundreds of Cubans stranded in Mexico
Abel Fernández, Miami Herald
2/26/17 After frequent price hikes, cost of visiting Cuba coming down
Mimi Whitefield, Miami Herald
2/23/17 Cuba says it foiled plot to destabilize country, slams dissidents and OAS
Sarah Marsh and Nelson Acosta, Reuters
2/22/17 Tech Entrepreneurs From Cuba Visit Silicon Valley
NBC News
2/22/17 U.S. senators say Cuba's Castro keen to continue detente
Sarah Marsh, Reuters
2/22/17 Countdown begins for Raúl Castro’s retirement next year
Mimi Whitefield and Nora Gámez Torres, Miami Herald
2/22/17 Cuba denies entry to OAS chief invited to a pro-democracy event
EFE, Fox News
2/20/17 Now that Cuba is open, Americans aren't going
Justin Bachman, Chicago Tribune
2/20/17 Cuban Doctors Stranded: Can’t Travel to US, Cuba, or Stay in Colombia
Carmen Sesin, NBC News
2/19/17 Donald Trump Says Cuban Voters Love Him, but He's Wrong
Jerry Iannelli, Miami New Times
2/19/17 Florida commerce with Cuba totals $65 million even as governor tries to limit trade expansion
Mimi Whitefield, Miami Herald
2/19/17 Hundreds of Cubans deported after US immigration status end: Cuba
AFP, YAHOO News
2/16/17 Trump names Alexander Acosta as labor secretary nominee
Josh Dawsey and Marianne Levine, Politico
2/15/17 U.S.-bound Cubans stranded in Mexico say they are victims of extortion and more
Mario J. Pentón, Miami Herald
2/14/17 China piles into Cuba as Venezuela fades and Trump looms
Marc Frank, Reuters
2/14/17 Joint venture to produce and sell Cuban vaccines to treat cancer seeks investors
Nora Gámez Torres, Miami Herald
2/14/17 JetBlue Follows American Airlines and Cuts Capacity in Cuba
Adam Levine-Weinberg, The Motley Fool
2/13/17 Anti-Castro Cuban-American Lawmakers See a Champion in Trump
Gisela Salomon, U.S. News
2/13/17 As wet foot/dry foot U.S. policy ends, Cuba ponders what Trump may do
Rick Jervis, USA Today
2/12/17 Cuba wants more babies, so it’s giving parental leave to grandparents, too
Nick Miroff, Washington Post
2/12/17 How does Cuba manage to achieve first-world health statistics?
Álvaro Fuente, El País
2/8/17 Havana’s newest hotel will set mark for luxury
Mimi Whitefield, Miami Herald
2/8/17 Havana’s newest hotel will set mark for luxury
Mimi Whitefield, Miami Herald
2/7/17 Clinic operator who fled to Cuba returns to face $130M healthcare fraud case
Jay Weaver, Miami Herald
2/7/17 Norwegian Cruise Line announces more Cuba voyages
Gene Sloan, USA Today
2/6/17 One of Obama’s parting acts: Suspending lawsuit provision of Helms-Burton
2/6/17 Cuban health professionals who had been stranded in Colombia are allowed U.S. entry at MIA
Mario J. Pentón, Miami Herald
2/5/17 In Cuba visit, Colorado governor sees government desire to work with Trump
Marc Frank, Reuters
2/5/17 Trump's warnings grow, but so are travelers and flights to Cuban soil
Harriet Baskas, CNBC
2/2/17 Trump to announce Sonny Perdue for Agriculture
Helena Bottemiller Evich, Ian Kullgren, Jenny Hopkinson, Catherine Boudreau, Josh Dawsey, and Alex Isenstadt, Politico
2/2/17 Heitkamp bill would remove credit restrictions on ag sales to Cuba
Jenny Schlecht, Inforum
2/2/17 In Cuba, app stores pay rent
The Economist
2/1/17 Cubans stranded in Mexico due to 'Wet Foot' policy demise refuse to return
EFE, Fox News
2/1/17 AP PHOTOS: Women demand Cuba support 1st female boxing team
AP, YAHOO News
2/1/17 Current Record