INVESTING IN CUBA’S ENERGY FUTURE

Petro Australis Energy Limited (PAE) is an Australian oil and gas company focused on the appraisal, development and production of Cuba’s onshore hydrocarbon resources. The Company holds four adjoining Production Sharing Contracts (PSCs) in the Central Cuban Oil Basin, all at a 100% Participating Interest. These exclusive contracts cover five oil fields and three discoveries that have flowed oil. The acreage covers a 1,470 square kilometre contiguous area in the Central Cuban Basin, a historically productive region.

The PSCs were negotiated with Cupet, Cuba’s national oil company, and include supportive fiscal and operational terms, including, full cost recovery on eligible expenditures, and oil sales, swap, and export rights, that ensure that PAE can monetise oil produced at international market prices.

Petro Australis Energy is leveraging its deep oil and gas experience, with modern drilling and fracking technologies, to revive and increase oil production in the region and establish itself as a leading independent oil producer in Cuba.

Petro Australis Energy is a company incorporated under the laws of Australia and headquartered in Perth, Australia, and has an operational team in Calgary, Canada. 

CUBA

Cuba lies at the intersection at two prolific hydrocarbon provinces, Venezuela and Gulf of Mexico. Cuba benefits from hosting the proven source rocks that underpin the success of both these prolific provinces.

OUR BOARD & MANAGEMENT

Led by an experienced team with extensive in-country experience