FilingReader Intelligence

Melbana corrects AC/P70 gas resource upgrade to 3.7%

October 10, 2025 at 10:07 AM UTCBy FilingReader AI

Melbana Energy Limited has issued a correction to its AC/P70 resource upgrade announcement from October 10, 2025, clarifying a typographical error regarding the increase in prospective gas resources. The original announcement incorrectly stated a 37% increase, which has now been corrected to a 3.7% increase in prospective gas resource, from 2,754 Bcf to 2,857 Bcf (unrisked gross best estimate).

The revised figures, based on advanced geophysical analyses, also indicate an 81% increase in prospective oil resource from 43 MMbbl to 78 MMbbl (unrisked gross best estimate) and the maturation of the Hadrosaurus lead to prospect status. Contingent resources remain unchanged at 276 Bcf and 34 MMbbl for the Vesta and Swan fields.

Melbana is actively seeking a qualified partner to fund the forward work program, including an exploration well, with the farmout process targeted for completion in Q4 2025. This effort leverages the scale of prospective and contingent resources and the proximity to existing infrastructure.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

ASX:MAYAustralian Securities Exchange

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