Articles On Melbana Energy (ASX:MAY)

The WAM Capital Ltd (ASX: WAM) share price is climbing by more than 3% this Tuesday after the listed investment company (LIC) reported its full-year earnings for the 2023 financial year.  At present, WAM Capital shares are up 3.43% at $1....

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decent gain. The benchmark index is currently up 0.55% to 7,316.7 points. Four ASX shares that have failed to follow the market higher today are listed belo...

The Melbana Energy Ltd (ASX: MAY) share price is having a day to forget on Tuesday. At the time of writing, the ASX All Ords share is down 33% to 7 cents. Why is this ASX All Ords share crashing? Investors have been selling down this energ...

Stockhead’s Top 10 at 10, published at ~10.30am 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...

Melbana Energy (MAY) confirms the presence of moveable hydrocarbons at its Unit-3 target in Cuba The company is drilling ahead at Unit 2 While no oil was brought to the surface the company reported water flows indicate that the pres...

The Seek Ltd (ASX: SEK) share price has dived 7.4% in the early minutes of Thursday trade after the market digested its 2023 financial report. What did the company report? Revenue up 10% to $1.225 billion Earnings before interest, taxes,...

The Beach Energy Ltd (ASX: BPT) share price is sinking today, down 2.4%. Shares in the S&P/ASX 200 Index (ASX: XJO) energy stock closed yesterday trading for $1.67. At the time of writing, shares are swapping hands for $1.63 apiece....

One of the hottest stocks on the Australian share market this year has been Azure Minerals Ltd (ASX: AZS). Since the start of the year, the ASX lithium share has risen over 1,000%. To put that into context, this would have turned a $10,000...

On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a small decline. The benchmark index fell 0.2% to 7,309.2 points. Will the market be able to bounce back from this on Tuesday? Here are five things to watch: ASX 200 ex...

Small-cap ASX shares have suffered much more than their large-cap sisters over the past 18 months. That’s because, in times of economic stress, the market tends to pull money out of smaller players and into its bigger rivals that have bett...

It was a shaky but overall positive day and end to the trading week for the S&P/ASX 200 Index (ASX: XJO) this Friday. After spending almost the entire afternoon in negative territory, investors decided to close out the w...

04 Aug 2023 - A snapshot of the stocks on the move, featuring Melbana Energy (ASX:MAY), Azure Minerals (ASX:AZS) and Empire Energy (ASX:EEG).

ASX tech share Dicker Data Ltd (ASX: DDR) is smashing the benchmark returns today. Shares in the wholesale computer hardware and software distributor closed yesterday trading for $8.02. In early trade shares were changing hands for $8.57 a...

The S&P/ASX 200 Index (ASX: XJO) is fighting hard to get into positive territory on Friday but has just fallen short. In afternoon trade, the benchmark index is down slightly to 7,307.6 points. Four ASX shares that are not letting tha...

The Reserve Bank has lowered its economic growth predictions and expects inflation to slow down faster than previously estimated. According to its quarterly economic update, it anticipates the gross domestic product (GDP) to expand by 0.9%...

  Melbana Energy (ASX:MAY) announced that the planned Total Depth of the Alameda-2 well has been reached ahead of schedule. Executive Chairman, Andrew Purcell, commented: “Excellent quality logs have been obtained over the entire Amistad in...

The 2024 financial year was off to a flyer for ASX investors, as the S&P/ASX 200 Index (ASX: XJO) rose 2.9% over July. The team at LSN Capital noticed that last month the global market gains started to differ from what happened from Ja...

Netwealth Group Ltd (ASX: NWL) shares fell by 8.7% in earlier trading to an intraday low of $13.20. The ASX financial share has recovered some ground to $13.57 per share at the time of writing, down 6.16%. The Netwealth share price storme...

The S&P/ASX 200 Index (ASX: XJO) is having another strong session on Friday. In afternoon trade, the benchmark index is up 0.9% to 7,309.6 points. Four ASX shares that have failed to follow the market higher today are listed below. He...

ASX  gains 0.46% while the emerging companies index falls RBA board will meet eight times instead of 11 times annually to set interest rates Nickel Search again intersects massive sulphide mineralisation at the Sexton prospect   After e...

Two ASX All Ordinaries shares are flying high today. The All Ordinaries Index (ASX: XAO) is up a healthy 0.4%. But these two ASX All Ordinaries shares are leaving those gains far behind. ASX energy share rocketing 12% First up we have Melb...

Profit margin will be front and centre for investors in the upcoming earnings season Why investing in high profit margin companies is always a good bet We look at the top 20 highest profit margins for ASX small caps   Margin squeeze will...

The ASX closed lower today, as worries of a recession continue to grow. Relief from yesterday’s interest rate announcement may be short-lived after the Reserve Bank of Australia warned an increase could be on the cards. It comes amid gro...

The S&P/ASX 200 Index (ASX: XJO) looks set to end its winning streak on Wednesday. In afternoon trade, the benchmark index is down 0.4% to 7,251.9 points. Four ASX shares that are not letting that hold them back are listed below. Here...

Melbana Energy (MAY) confirms flowing oil at its Alameda-2 well in Cuba The move reflects a positive indication following a long series of delays and setbacks for the company Melbana continues to drill on-site, with “multiple excitin...

Melbana Energy (MAY) announces a maiden prospective resource for its Hudson prospect in the Northern Territory The company believes it could produce up to 395 million barrels of oil Melbana further believes it could produce more than...

“Your Stock Request” is a weekly video where we analyse share price charts for stocks on the Australian market (ASX) as requested by you! Email us at [email protected] with your stock request. Limit of one per person, no guarantee o...

Melbana Energy (MAY) secures final approvals and completes civil works ahead of the planned drilling of the Alameda-2 appraisal well in Cuba A drilling rig is anticipated to mobilise to the site once it has wrapped up a current project i...

“Your Stock Request” is a weekly video where we analyse share price charts for stocks on the Australian market (ASX) as requested by you! Email us at [email protected] with your stock request. Limit of one per person, no guarantee o...

ShareCafeChinese interest in Aus coal resurges: ASX closes 0.44% higher by Peter Milios   Multiple Chinese companies are seeking to purchase coal mined in Queensland, Australia, according to Coronado Global Resources. This adds credibility...

The Australian share market is making another move higher today, bringing returns from the S&P/ASX 200 Index (ASX: XJO) to 7.8% so far this year. Today’s enthusiasm is being felt across ASX energy shares, with the sector’s performance...

24 Jan 2023 - A snapshot of the stocks on the move featuring Antilles Gold (ASX:AAU), AusQuest (ASX:AQD), Melbana Energy (ASX:MAY) and Spenda (ASX:SPX).

ShareCafeNAB predicts peak in interest rates is near: ASX up 0.1% at noon by Peter Milios   NAB’s monthly business survey shows that the economy is beginning to slow and that inflation passed its peak as of December, reinforcing market expe...

ShareCafeStocks of the Hour: AAU, AQD, MAY, SPX                    Antilles Gold (ASX:AAU) has updated its gold grades at its oxide deposit in Cuba. In addition, negotiations have now commenced to establish a joint venture between sub...

24 Jan 2023 - A snapshot of the stocks on the move featuring Antilles Gold (ASX:AAU), AusQuest (ASX:AQD), Melbana Energy (ASX:MAY) and Spenda (ASX:SPX).

Highlights The EBITDA of New Hope Corporation in the quarter ending October 2022 was AU$648.1 million. The zero-spin silicon (ZS-Si) project of Silex Systems achieved its target enrichment objectives. Askari Metals completed phase I r...

Little joy for investors in December with traditional Christmas rally not eventuating in 2022 Meteoric Resources leads December winners after positive metallurgical results at its new Caldeira project. Symbio Holdings saw its share price p...

December winner Meteoric Resources sees a non-executive director buy 6 million shares Northern Star Resources and Chalice Mining directors sell in December for tax obligations Johns Lyng Group COO Lindsay Barber sells 4 million shares, ~3...

2023 off to a bit of a dismal start, down 1.3% on the opening day of trade GreenX soaring after rumblings from Poland over $1.3 billion payday Chinese markets gain before the rest of the trading world gets back from holidays   For about 1...

“Your Stock Request” is a weekly video where we analyse share price charts for stocks on the Australian market (ASX) as requested by you! Email us at [email protected] with your stock request. Limit of one per person, no guarantee o...

Both the ASX 200 and small cap index were in the green today A massive 11 out 11 sectors finished higher let by Utilities Westpac says rising interest rates and cost of living will hit consumers and businesses after Xmas   The ASX 200 was...

A slow start to the week with the ASX 200 down 0.45% today Small cap index falls 0.59% and 7 out 11 sectors finish lower CBA says consumer sentiment could be in deeply pessimistic territory for some time   The local bourse had a flaccid s...

Stockhead’s Top 10 at 10 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 in percentage terms. The market opens at...

ShareCafeWebinar Recap – IOU, IHR, MAY & ENR Catch up on the full presentations from Melbana Energy (ASX: MAY), IntelliHR (ASX: IHR), IOUpay (ASX: IOU) & Encounter Resources (ASX: ENR) Webinar Recap – IOU, IHR, MAY & ENRCompany...

ShareCafeMelbana Energy (ASX: MAY) – Webinar Presentation Andrew Purcell – Executive Chairman – Melbana Energy is an independent oil and gas company that has a focussed portfolio of high impact exploration, appraisal and development stage...

ShareCafeASX falls after lithium stocks crumble: ASX closes 0.07% lower by Peter Milios   Sectors were mostly mixed today, and the S&P/ASX 200 was 0.07 per cent or 4.70 points lower at 7141.6 at the closing bell. Healthcare slightly edg...

Melbana Energy (MAY) has laid out plans to drill drill two fully-funded wells at its Block 9 production sharing contract in CubaThe appraisal program will begin in Q1 2023 and will assess oil quantities and reservoir characteristics of thre...

ShareCafeSlow start to week continues as RBA hints further hikes: ASX down 0.35% at noon by Lauren Hayes   Following a choppy US session overnight, the Australian market is marginally lower this morning. Materials have erased some of yester...

The All Ordinaries Index (ASX: XAO) is 0.29% in the green today, but these three ASX All Ords shares are charging higher. 3P Learning Ltd (ASX: 3PL), OM Holdings Limited (ASX: OMH), and GQG Partners Inc (ASX: GQG) shares are all surg...

Melbana Energy’s (MAY) Zapato-1 exploration well has reached its target depthThe exploration well reached 3152 metres measured depth, with wireline logging operations run and the collected data currently being analysedDrilling saw increased...