Articles On Melbana Energy (ASX:MAY)

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...

Winner The Woodside Energy Group Ltd (ASX: WDS) share price has gained $1.65 or 5.1% to $34.20 in Thursday morning trade after the oil and gas producer reported record third-quarter production, sales volume and revenue, up 52%, 59% and 70%...

It has been a day to forget for the Megaport Ltd (ASX: MP1) share price. The network-as-a-service provider’s shares ended the day a whopping 22% lower at $6.61. Why did the Megaport share price crash deep into the red? Investors have bee...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another decent gain. At the time of writing, the benchmark index is up 0.4% to 6,807.6 points. Four ASX shares that have failed to follow the market higher t...

ASX 200 ends 1.7% higher Small caps ahead 2.1% China’s odd. Hawson’s Iron down 75% this week. Toys R Us are killing it.   The ASX 200 and the Emerging Companies (XEC) index fell 1.7% and 2.1% respectively on Tuesday. Almost the full 11 se...

ShareCafeGlobal recession fears weigh in: ASX down 1.6% at noon by Lauren Hayes   US stocks closed the previous week lower after a University of Michigan survey showed inflation expectations were increasing. This rattled markets as equities...

Melbana Energy (MAY) reaches a depth of 2700 metres measured depth (mMD) at its Zapato-1 well within the Block 9 contract area, onshore CubaThe company says the well continues to drill ahead in hard volcanicsHaving now passed the pre-drill...

Melbana Energy (MAY) successfully sets its 9-5/8 inch casing at 2298 metres measured depth (mMD) at its Zapato-1 well in Block 9 contact area, onshore CubaThe company says it had invested time in ensuring the well bore was in good condition...

Melbana Energy (MAY) reaches a depth of 2303 metres at its Zapato-1 well within the Block 9 contract area, onshore in Cuba The company says drilling continued in hard rock, where at about 2300 metres, the bit was retrieved and a decision w...

Melbana Energy (MAY) reaches a 2150-metre depth at the side-track hole in its Zapato-1 well within the Block 9 contract area, onshore Cuba The company initially expected the target formation would be intersected at 2650 metres but re-inter...

Melbana Energy (MAY) observes oil during a stuck pipe event in its Zapato-1 well within the Block 9 contract area, onshore in Cuba The oil was detected when the drill string became stuck in the ophiolite overburden section of the well at a...

The Melbana Energy Ltd (ASX: MAY) share price is on course to end the week on a very positive note. In morning trade, the oil and gas exploration company’s shares are up 19% to 12.5 cents. Why is the Melbana Energy share price racing hig...

Melbana Energy (MAY) completes its resource assessment on the Alameda-1 exploration well in its Block 9 Production Sharing Contract (Block 9 PSC) area, onshore Cuba The assessment was completed by independent reserves and resources certifi...

Ask a Fund Manager The Motley Fool chats with fund managers so that you can get an insight into how the professionals think. In part three of this edition, we’re rejoined by Yarra Capital Management’s fixed income specialists, Darren L...

Melbana Energy (MAY) reaches a depth of 1.66 kilometres at the Zapato-1 exploration well within the Block 9 contract in Cuba The company says the expected ophiolitic formation has been encountered higher than prognosis Given the low rate...

Melbana Energy (MAY) reports slow but steady progress in its drilling and exploration activities at its Zapato-1 well in Cuba The company says drilling has reached a depth of 1482 metres The drilling progress is slow as predicted but is hi...

Melbana Energy (MAY) is progressing drilling activities at its onshore Zapato-1 well within the Block 9 contract in Cuba Since drilling began late last month, the well, which is designed to test a target with a prospective resource of up t...

Melbana Energy (MAY) has begun drilling its Zapato-1 exploration well in Cuba on schedule The well is the second in the company’s two-well program as part of its operations at the onshore Block Nine production sharing area While the initia...

Melbana Energy (MAY) is on track to spud the Zapato-1 exploration well in its Block 9 contract area onshore in Cuba by the end of the month The company has completed the drill pad and access roads to support the well Zapato-1 is the second...

XEC lifts on resources, posts 1.8% gain on Thursday XOJ closes 0.8% higher East33 watch continues, oysters from Sydney up circa 25%   The resources-rich ASX Emerging Companies (XEC) index is surging on Thursday, with gold, base metals and...

The S&P/ASX 200 reclaimed more than 1% in Thursday trade after copping a straight hat-trick of losses. The major energy names and big Papa miners like Rio, Fortescue and BHP climbing strongly after falling even more strongly these last...

Shares in Melbana Energy Ltd (ASX: MAY) have crumbled today and now trade deep in the red. The company also released its quarterly update today as well. At the time of writing, the Melbana Energy share price is fetching 9.7 cents apiece,...

Melbana Energy (MAY) begins preparations for the relocation of the drill rig and camp to the Zapato-1 well at the Alameda-1 well in onshore Cuba During the transfer, some essential maintenance and recertification will need to be done, resu...

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) reports a “significant and highly pressured influx of oil and gas” in its Marti structure at the Block 9 contract area in Cuba The influx stifled attempts to conduct short form testing in the structure The company trie...

The ASX lost ground on Thursday. Weak leads out of Wall Street, more threats of Western-led sanctions v. Russia and a more hawkish tone out of the Federal Reserve left the benchmark 0.6% down with a half hour before the closing bell. Follow...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record its second successive daily decline. At the time of writing, the benchmark index is down 0.5% to 7,450.2 points. Four ASX shares that are not letting that hold...

Shares in Melbana Energy Ltd (ASX: MAY) are edging lower today and now trade 3% in the red at 14 cents apiece. The oil and gas explorer has jumped more than 52% in the past month of trade as energy shares ride the wave of geopolitical ten...

March 2022 started off with the jitters. For the composite microcap ASX Emerging Companies index, February’s 1.9% dip followed on from a 7.7% slump in January. The first US rate hike since 2018 was on the cards. And if that wasn’t enough, V...

  Highlights Crude oil prices have been on a tear since Russia declared a war on Ukraine. Higher oil prices help oil explorers to enjoy higher margins over oil production. MAY and PCL are two ASX energy stocks that have surged over 4...

Highlights Crude oil prices tumbled on Tuesday. The prices of both oil benchmarks tumbled nearly 7% on Monday. Both Russia and Ukraine were set to meet on Tuesday in Istanbul for their initial peace talks in over two weeks. Crude...

The S&P/ASX Emerging Companies (XEC) Index is racking about 0.3% higher on Tuesday, while the benchmark ASX 200 (XJO) rose 0.7%, buoyed by a resurgent tech sector and a strong performance from consumer discretionary companies ahead of t...

Oil and gas explorer Melbana Energy (MAY) finds evidence of water with oil during logging work at its Block 9 contract area in Cuba The company has completed logging operations at the Marti structure in the project area, which is the lowes...

The S&P/ASX 200 Index (ASX: XJO) is on form again and on track to record a solid gain. In afternoon trade, the benchmark index is up 0.75% to 7,468.8 points. Four ASX shares that have failed to follow the market higher today are listed...