Articles On Melbana Energy (ASX:MAY)

ASX Emerging Companies (XEC) index has closed o.2% higher Monday Monday winners: Terramin Australia (ASX:TZN), Frontier Resources (ASX:FNT), Ardea Resources (ASX:ARL) Monday losers: Melbana Energy (ASX:MAY)   The ASX Emerging Companies...

The Russia-Ukraine conflict pushed oil prices beyond the US$100/b mark this month, and while they’ve settled somewhat, prices could be set to skyrocket. Added to this, OPEC is sticking to its guns with the consortium ignoring calls to ramp...

Make it three on the trot for the ASX microcap Emerging Companies index, which rose by more than 1% for the third straight session on Friday. The gains follow a broader turnaround in global risk sentiment this week, following the initial sh...

Melbana Energy (MAY) calls total depth on its Alameda-1 well at the Block 9 contract area, located onshore in Cuba, with drilling stopping at 3916 metres measured depth The company said the well has been a “great success” after revealing...

The Emerging Companies Index (XEC) climbed more than 2% higher on Thursday, before closing at 1.9%, while its benchmark colleague – the upmarket ASX 200 followed Wall Street’s ascendence, trading up a shade over 1% after the Fed lifted inte...

Highlights The benchmark ASX 200 index surged 1.16% to 7,258 in the first 15 minutes of trading. All major Wall Street indices closed sharply higher on Wednesday after the US Fed increased interest rate and further signalled more hikes...

Oil and gas explorer Melbana Energy (MAY) raises $15 million through a share placement to help fund work at its Block 9 oil project in Cuba The company issued 125 million new shares at 12 cents each to raise the funds, representing a 14.3...

The ASX 200 index has closed 1% higher on Monday, while the ASX Emerging Companies (XEC) index shed earlier gains to finish down 0.1%. Disappointing, really. It shoulda been a day for the little guys. Asia was mixed. Although not the Hong K...

Renewed optimism about Russia-Ukraine peace talks helped curb soaring commodity prices and lift Australian shares to their highest in more than a week. The S&P/ASX 200 rallied 86 points or 1.21 per cent as rising US equity futures sh...

Melbana Energy’s making the most of its perky share price.

The share market reversed Friday’s loss as reports of progress in Russia-Ukraine peace talks boosted US equity futures and drove down the price of oil. The S&P/ASX 200 rallied 83 points or 1.18 per cent by mid-session. Ten of 11 s...

Melbana Energy (MAY) announces results from an independent resources assessment of three oil reservoirs encountered in the upper thrust sheet by its Alameda-1 exploration well located in onshore Cuba McDaniel & Associates completed the...

It’ll be a busy start to the week for oil and gas explorer Melbana Energy and Cobar copper play Helix Resources.

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...

Shares in Melbana Energy Ltd (ASX:MAY) soared into the green today and finished 13% higher at 12.75 cents apiece. At one point, Melbana was trading as high as 14.74 cents during the session. Investors are reacting positively after a compan...

Drilling at Melbana Energy’s (MAY) Block 9 contract area in Cuba results in a hydrocarbon influx and a “strong oil show” on the shakers. The influx happened when drilling reached 3,769 metres, causing operations to pause. The company is no...

The share price of ASX energy stock Melbana Energy Ltd (ASX: MAY) is surging today, hitting its highest point since 2012. Its gains come despite no news having been released by the oil and gas producer. Additionally, the S&P/ASX 200 En...

Russia’s war in Ukraine may be driving oil and gas prices through the roof, but the foundations of crude’s run beyond US$100 a barrel have been building for years. Crude was above US$110/bbl last week, translating to over $2 a litre at the...

Looking the goods ahead of the open, the ASX has been given a hideous Monday haircut, down about 1%, after the White House floated a thought bubble on slapping Russia with an oil embargo. Offshore markets have now overcome their initial pan...

The ASX Emerging Companies index (XEC) ran free on Tuesday, climbing over 3%, apparently unrestrained by the various macro or geopolitical issues bothering the rest of us. That said, the more gown up ASX200 also lifted on Tuesday, gaining a...

Melbana Energy (MAY) sees a significant interpreted oil reservoir in the N Structure, located within its Block 9 contract area onshore Cuba The N Structure is significantly larger and interpreted to have more net pay than what the company...

Highlights The Ukraine crisis is the major factor behind oil supply shortages, which has led to Brent crude touching the highest level since 2014. PCL, May and FAR are three ASX oil companies’ stocks that are trading less than a dollar...

Coal, or more specifically coal-fired generation, has been the main talking point lately with the most recent headline – billionaire Mike Cannon-Brookes’ rejected $8bn takeover bid for AGL Energy (ASX:AGL) – bringing the changing energy lan...

Melbana Energy (MAY) says a preliminary review indicates several porous zones in the N interval of the Alameda-1 well located onshore in Cuba Logging operations in the N structure are complete The company’s geoscientists are undertaking a...

The ASX Emerging Companies (XEC) index was climbing at 4pm (Sydney time) up 1.8% and outpacing the S&P/ASX 200 index (XJO), weighed down as it is by a few of those unwieldy iron ore giants after China’s favourite rock fell 9% ‘cos Chine...

The Melbana Energy Ltd (ASX: MAY) share price rocketed as much as 16% higher today after receiving a tick of approval for petroleum exploration at an undeveloped site. At time of writing, the Melbana share price is settled at 7 cents, up...

Melbana Energy (MAY) is days away from completing logging operations in the N structure at its Block 9 contract area onshore Cuba, with drilling ahead to the Alameda structure to follow The Alameda structure is the remaining and largest pr...

The S&P/ASX200 is lower in late trade on Tuesday, dropping around 30 points or 0.4%, after iron ore futures plunged in Singapore. The SGX March booking shed a full 10% after lunch (Singapore time) on reports Beijing has just had it with...

This year has been one of upheaval in the energy sector with events clearly highlighting that despite increasing the push to adopt reduce emissions, the renewables sector is nowhere ready enough to power up an admittedly very energy hungry...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

The S&P/ASX200 is about seven points lower on Monday after a day of choppy trade, heavily impacted by some large cap hits, like Magellan (down about 10%) and an earlier whack for the big four banks after ANZ put out a profit warning. Bu...

Travel and tourism stocks spearheaded a late partial recovery for the stock market after the government announced plans to reopen the international border. The S&P/ASX 200 slashed an early loss of 74 points to nine points or 0.13 per...

Highlights The ASX Small Ordinaries index was trading 0.34% down at 3,268.3, by 12:30 PM AEDT. MAY, CPM and AUQ are few of the penny stocks delivering stellar gains today. Investors should not invest in penny stocks without thorough k...

The Melbana Energy Ltd (ASX: MAY) share price is off to the races today. Shares in the ASX junior explorer are up 24.3% at time of writing, to 4.6 cents per share. Below we take a look at the company’s latest oil exploration update that lo...

Melbana Energy (MAY) Alameda-1 well located onshore Cuba intersects oil intervals better than anticipated Starting at just over 3,000 metres, drilling reached 3,590 metres indicating a potential gross reservoir interval of 500 metres measu...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Melbana Energy (MAY) encounters strong oil shows in the first primary targets of its Alameda-1 exploration well onshore Cuba Strong oils shows and elevated gas readings have been recorded from limestones within the unit The Alameda-1 hole...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

The ASX200 has vacillated all of Monday in a whiny, unattractive way for a major global index. Like a Kardashian (name one) unable to get out of bed, the heavyweight financial names and the major miners are just dragging everyone lower, dow...

Melbana Energy (MAY) has successfully conducted pressure testing at its Alameda-1 exploration well in its Block 9 contract area onshore Cuba There hasn’t been enough time drilling the present section to provide a precise prediction of when...

Melbana Energy (MAY) stops drilling the Alameda-1 exploration well located onshore Cuba, and starts running casing string into the hole After reaching a depth of 2592 metres, the company decided to stop drilling the section, run logs and i...

ASX investors got back in the risk saddle on Wednesday, with steady gains across the large cap indexes and a 1.7% jump for the microcap Emerging Companies index. The catalyst appeared to be comments from US Fed Chair Jerome Powell overnight...

It looks like them energy names are on the rise Wednesday, largely punching above a local market weighed down by weak US leads and possibly boredom. But don’t thank our collective refusal to acknowledge a warming planet. In this case oil pr...

Melbana Energy (MAY) restarts drilling at the Alameda-1 well in Block 9 located on the north coast of Cuba Drilling was paused at the start of November following a delay of drilling supplies, but Melbana used this time to carry out mainten...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Melbana Energy (MAY) announces it will resume drilling at its Alameda-1 well in the block nine area, onshore Cuba after shutting earlier this month The company is expecting the shipment of mud materials on Monday, November 29 Melbana seize...

Melbana Energy (MAY) has completed the sale of the WA-488-P exploration permit to EOG Resources Australia EOG has paid Melbana US$7.5 million (A$10.4 million) but may also need to make additional payments totalling US$5 million (A$6.9 mill...

The ASX closed down again today in spite of resources and tech gaining over 1%. The ASX 200 fell 0.24%, closing at 7,434 points. Despite the gains in resources and tech most other sectors fell with financials, property and energy retreating...

Melbana Energy (MAY) progresses its Alameda-1 exploration well being drilled in Block 9 PSC, onshore on the north coast of Cuba The company has completed remedial works at the well, which included the cement plug In parallel to undertaki...

Melbana Energy (MAY) has flagged delays to drilling at the Alameda-1 exploration well in onshore Cuba The set-back comes after cement injected to secure the liner did not set properly Remedial work is underway with drilling to primary obje...