Melbourne-based oil and gas firm MEO Australia Ltd. reported Wedensday that it planned to relaunch the company as Melbana Energy Ltd., with the name change subject to shareholder approval.
The company said Melbana Energy was selected following a comprehensive review of potential alternatives and consideration of cultural issues relevant for its areas of operation, namely Australia, Cuba and New Zealand.
"The MEO Board believes the relaunching of MEO as Melbana Energy Ltd. will better reflect the Company’s focus on its high potential Cuba Block 9 Production Sharing Contract and other Cuban business development activities. We look forward to continuing all of the Company’s exploration activities under the Melbana Energy banner in the future," MEO’s CEO and Managing Director Peter Stickland said in the press release.
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