New data taken from an oil reservoir on the northern coast of Cuba confirm the assessment of a highly prospective site, Australia’s Melbana Energy announced. Melbana, which changed its name from MEO Australia to reflect a Caribbean flair, said a new study of the reserves in the Zapato prospect inside so-called Block 9 confirm its interpretation of a 71 million barrel reservoir. CEO Robert Zammit said in a statement Tuesday that work so far proves the region has significant potential for commercial developments. “We are progressing [with]environmental approvals and permitting to allow us to drill Zapato,” he said in a statement. “Several of our potential farm-in partners have expressed strong interest in Zapato and we remain flexible […]