Articles On Melbana Energy (ASX:MAY)

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...

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...