Articles On Melbana Energy (ASX:MAY)

Melbana Energy (ASX:MAY) has reported significant progress in its oil exploration and production activities for the quarter ending 30 September 2024, with the company’s flagship Block 9 project in Cuba moving closer to production. The Block...

As bullion kept punching through all-time highs… … gold stocks ripped up the ASX small caps scene for September Also catching the eye: a Chinese coal deal, Spanish rutile purchase and antimony hunters   It was Virgo’s time to shine, and t...

Renewed optimism lifted the S&P/ASX 200 by 3% in September, closing at a record 8,239.20 points S&P Dow Jones Indices said small cap companies outperformed in September, with the materials sector rebounding 13%  Mithril Silver and...

After a few tumultuous years in the exotic jurisdiction of Cuba, ASX-listed energy explorer Melbana Energy (ASX:MAY) is getting set to begin producing – and selling – oil, or black gold, before the end of calendar year 2024. More than o...

In this interview, HotCopper reporter Sean Boss talks to RIU Essential Energy organiser Jaxon Crabb from Vertical Events about the 2024 iteration of the conference formerly known as Good Oil. The Chinese economy has dampened commodity s...

  ASX falls on Wednesday with banks dragging down market Lithium stocks surge on CATL suspension reports; MinRes hits new high Energy stocks struggle as Brent drops below US$70   The ASX was on the back foot on Wednesday, down by 0.3%  w...

Investors have flooded into the stock of Melbana Energy (ASX: MAY) after news that its Cuban oil development plans are set to go ahead. Melbana’s share price jumped more than 60% at one point after the company announced it is set to become...

The ASX200 has been down 0.3% at 7,988 points in early afternoon trade. Gold prices have climbed back to record levels during the US Trump-Harris Presidential debate on Wednesday morning, just under $2,520 per ounce American. Futures...

Australian shares are experiencing a downward trend near midday, primarily due to declines in banking stocks that are overshadowing gains in mining and lithium sectors. The S&P/ASX 200 Index (ASX: XJO) is down 0.3% to 7982 points, refle...

Australian shares have shown a slight decline at the start of trading today, as losses in the banking sector outweigh gains in mining stocks.  The S&P/ASX 200 Index (ASX: XJO) is flat at 8010 points. This comes after a positive perform...

Melbana Energy (ASX:MAY) – long suffering mishap after mishap at its oil acreage in the exotic jurisdiction of Cuba – is soon to become an oil producer, according to its announcement on Wednesday. Shares in Melbana were up +47% to 2.8cps...

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the...

Offshore permits are being finalised for Esso and Beach in the east coast Chevron, INPEX, Melbana Energy and Woodside to be handed permits offshore WA Permits could help secure Australian gas supplies into the future In a clear sign of th...

ASX 200 punches it, record highs back in view  11 of 11 sectors higher, like a well-oiled machine  Great day for small caps, goldies and Augustus Minerals Local markets surged this morning after yet another record-breaking night for Wa...

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the...

The ASX took a slow dive to a 50-point slump before a weak post-lunch rally Big gains for some big coal players were basically the only thing keeping us afloat A handful of Small Caps did pretty well, but it’s not been great day overall  ...

ASX200 falls fast for a second session after inflation steals the air in the room 7 of 11 ASX sectors lower, with InfoTech the only standout in the plus column Small caps led by Iris Metals and Bellavista Resources   Local markets have...

The All Ordinaries Index (ASX: XAO) is down 0.9% in early afternoon trade today, and it's certainly not getting any help from ASX All Ords energy stock Melbana Energy Ltd (ASX: MAY). Shares in the oil and gas company closed yesterday tra...

Fortescue Ltd (ASX: FMG) shares have had a gloomy past month. The iron ore miner's 2024 decline has deepened by a painful 19.67% over the last 30 days. The recent slump means the company's share price is now almost 28% lower than at the end...

Australian oil and gas junior Melbana Energy (ASX: MAY) has commenced a key test program that it hopes will find answers to disappointing flow results at its onshore Alameda-3 appraisal well in Cuba. Melbana is currently undertaking flow te...

Many of Australia's top brokers have been busy adjusting their financial models and recommendations again. This has led to the release of a number of broker notes this week. Three ASX shares that brokers have named as buys this week are lis...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline. At the time of writing, the benchmark index is down slightly to 7,775.4 points. Four ASX shares that are falling more than most today are lis...

Beach Energy Ltd (ASX: BPT) shares were under pressure on Tuesday. The ASX 200 energy stock dropped almost 2.5% to $1.53 after investors responded negatively to its strategic review. What did the ASX 200 energy stock announce? Yesterday Bea...

On Tuesday, the S&P/ASX 200 Index (ASX: XJO) had a very strong session and raced notably higher. The benchmark index stormed 1% higher to 7,778.1 points. Will the market be able to build on this on Wednesday? Here are five things to w...

The ASX 200 has finished the day up a per cent, after interest rates were kept on hold at 4.35%, firmly in line with predictions. Australia’s Big 4 and major investment banks were all calling for a June hold decision. However, Morgan St...

ASX rose  as the RBA held interest rates at 12-year high 4.35pc All 11 sectors on the ASX gained, with significant moves from Pilbara and Fortescue  ASX to launch first bitcoin-linked ETF on Thursday   Aussie stocks bounced back by +0.8%...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. At the time of writing, the benchmark index is up 0.95% to 7,774.7 points. Four ASX shares that have failed to follow the market higher today ar...

The Fortescue Ltd (ASX: FMG) share price is being pulverised today amid news of a mega sale. Shares in the Australian iron ore miner are down 4.6% to $21.93 as we approach the midpoint of today's session. Meanwhile, the S&P/ASX 200...

S&P/ASX 200 Index (ASX: XJO) iron ore stocks are delivering some divergent results today. In morning trade on Tuesday, the ASX 200 is up 0.9%. Here's how the big three ASX 200 iron ore stocks are faring at this same time: Fortescue M...

The All Ordinaries Index (ASX: XAO) is up a healthy 0.7% today, but ASX All Ords stock Melbana Energy Ltd (ASX: MAY) isn't joining in the rally. Shares in the oil and gas company closed yesterday trading for 6.6 cents. In morning trade o...

Stockhead’s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

The Sun Silver Ltd (ASX: SS1) share price is catching the eye of investors on Tuesday morning. At the time of writing, the ASX mining stock is up a sizeable 16% to 53 cents. Why is this ASX mining stock rocketing? Investors have been fighti...

ASX-listed exchange-traded funds (ETFs) can expose investors to sectors and companies that Aussies normally would need to look overseas for. The infrastructure sector is responsible for the backbone of the US economy. Plenty of business...

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar. Below is a wrap of the top 20 performing stocks, by percentage, that made announcements today.   ICYMI Leade...

ASX All Ords retail share KMD Brands Ltd (ASX: KMD) is down 2.6% today to 76 cents per share. But it's likely the Kathmandu owner's share price fall today simply relates to it going ex-dividend. The S&P/ASX All Ordinaries Index (ASX:...

New Hope Corporation Ltd (ASX: NHC) shares are 1.13% higher at $6.27 apiece in early trading on Tuesday. Since the ASX 200 coal miner delivered its full-year FY23 results last week, four directors have ploughed a collective $720,000 of the...

The New Hope Corporation Ltd (ASX: NHC) share price is under pressure again on Thursday. In morning trade, the coal miner's shares are down 3% to $5.97. This latest decline means that New Hope shares are now down 20% from their October hig...

S&P/ASX 200 Index (ASX: XJO) shares that have rock-solid balance sheets have a number of advantages compared to businesses that are laden with debt. Cash may be undervalued by some investors but it's essential when a business needs it....

The BrainChip Holdings Ltd (ASX: BRN) share price is plummeting on Wednesday. Unfortunately for longer-term shareholders, that's something they've heard all too often over the past 18 months. In afternoon trade, shares in the ASX artifici...

The S&P/ASX 200 Index (ASX: XJO) is having another disappointing session. In afternoon trade, the benchmark index is down 0.65% to 7,150.8 points. Four ASX shares that are falling more than most today are listed below. Here's why they...

It was a healthy start to the trading week for the All Ordinaries Index (ASX: XAO) and most ASX All Ords shares on Monday. At market close, the All Ords gained a rosy 0.44%. But earnings season is still going, and we have three All Ords sh...

ASX 200 closes 0.6% higher, Chinese markets surge  IT and Telco only sectors not in the green Small cap winners led by Melbana Energy     The Australian share market, for once, has refused to give back in the PM all the money it made in t...

ASX energy share Melbana Energy Ltd (ASX: MAY) is shooting the lights out today. Shares in the All Ordinaries Index (ASX: XAO) oil and gas stock closed last Wednesday at 6.2 cents apiece before entering a trading halt. At the time of writ...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is back on form and charging higher. At the time of writing, the benchmark index is up 0.55% to 7,154.5 points. Four ASX shares that are climbing more than most today are listed bel...

Melbana Energy (MAY) completes a final flow test of lighter oil to the surface at the Alameda-2 appraisal well in its Cuban gas project Peak flows to the surface result in 1903 barrels of oil (BOE) per day from unit 1B at an average and...

ASX 200 benchmark rises almost 0.6% Tech Sector recovers Wednesday’s losses, after Nasdaq positivity  Miners lead small cap gains, ERW, RDN, AZS winning at home in Andover South   The Australian share market was up and about early on Thur...

There aren’t too many businesses that will end up delivering huge capital returns over the long term. It’s impossible to say what future returns will be, we can only guess and forecast. I’m going to talk about three ASX growth stocks...

The Dorado and Pavo oil and gas fields in the Bedout sub-basin offshore Western Australia are some of Australia’s most significant discoveries in recent times, a point that has been proven by Carnarvon Energy (ASX:CVN) completing its partia...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a very disappointing decline. At the time of writing, the benchmark index is down 1.4% to 7,203.8 points. Four ASX shares that are falling more than most tod...

 The ASX 200 benchmark has climbed down from highs at lunch to finish on +0.39%. Health Care was well out in front of the market all day, thanks to a chunky bump for CSL. Voltaic Strategic Resources won the Small Caps Cup, rising 22.5% for...