Articles On Melbana Energy (ASX:MAY)

Oil and gas prices are rising, a fact that anyone who has been to the pumps in recent weeks will know from their empty wallets. And it is only going to get worse given that changes in international crude prices can take about two weeks to w...

Melbana Energy (MAY) has undertaken electric logging at the drilled section of the Alameda-1 well in Cuba Preliminary evaluation indicates a total of at least 48 net metres of potential oil and gas pay across 11 zones totalling 415 metres...

Melbana Energy (MAY) strikes a strong influx of gas with some oil earlier than expected in its Alameda-1 exploration well in Cuba The well was drilled to 1842 metres when the discovery was made, with Melbana taking on flaring work to manag...

After a positive start the ASX finished down over 0.5%. Today, APRA ordered the big banks to increase the home loan “serviceability buffer” from 2.5% to 3% from the end of October and hinted more regulation could be forthcoming. Also hittin...

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...

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

The 2021 financial year was one of contrasts for the oil and gas industry with low crude prices making life challenging for many ASX companies earlier in the year before a strong recovery improved conditions. Oil prices traded below the US$...

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...

The armed forces could be called upon to enforce Sydney’s strict lockdown, and we might see troops on the streets as early as Monday. On the bourse, the benchmark ASX 200 has closed 0.40% lower on Friday, but was flat for the week. The mini...

Resources and tech stocks led the ASX back into positive territory Thursday. After a drop yesterday, led by tech, the bourse rebounded with the ASX 200 closing 0.52% higher. Resources led gaining 1.51% and tech gaining 2.6%. The only sector...

The ASX tech sector succumbed to the latest selloff in tech equities globally. dragging the rest of the bourse down with it. The ASX 200 retreated 0.7% to close at 7,379 points while the ASX Emerging Companies Index lost 1.06%, closing at 2...

Canaccord hitting up investors in oil and gas explorer Melbana Energy to raise $7.1 million.

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers during the trading day. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intrad...

Uranium optimism is growing with governments around the world including nuclear energy in their plans to slash carbon emissions and the US saying outright that achieving its climate goals would not be possible without nuclear plants. Nuclea...

Stock analysis veteran and lover of the resources game, Peter Strachan, is back for another instalment of the Rock Yarns podcast. In this episode Peter chats with Andrew Purcell, executive chairman Melbana Energy (ASX:MAY). Melbana is an AS...

Crude oil prices have strengthened this week with the benchmark Brent oil now tracking above US$70 per barrel after OPEC and its associates expressed optimism about demand for the fossil fuel. Commonwealth Bank quoted Saudi Arabia energy mi...

The most notable directors trade over $100,000 in the last fortnight was a $4 million trade by Yaniv Meydan from Openpay (ASX:OPY). Meydan, who is based in Israel and whose family vehicle is one of Openpay’s largest shareholders, chipped in...

The sale of permits located offshore north Western Australia to two majors has boosted Melbana’s coffers by about $400k and secured it an interest in future oil and gas production.  Melbana Energy (ASX:MAY) has locked in a low-risk interest...

Energy is an essential piece of modern life and while energy demand fell in 2020 due to the impact of the COVID-19 pandemic, emerging markets and developing economies are expected to drive a 4.6 per cent increase in demand. In its Global En...

Melbana will sell its Beehive prospect to EOG Resources, a Houston-based Fortune 500 company listed on the NYSE, in a deal that provides the company with an immediate cash injection but still allows it to retain an interest in any future pr...

Power Up is Stockhead’s fortnightly look at all the news and moves driving ASX energy stocks. After a brief foray above the $US65 ($85.60) a barrel mark in March, oil prices have slid back down to hover around the $US60 a barrel level thank...

Summary ASX listed oil and gas shares are bouncing back on the bourses after witnessing a sudden increase in energy demands. Brent and WTI crude oil benchmarks have registered a significant gain. Investing in penny stocks can deliver...

Special Report: Anticipation is building around the start of Melbana Energy’s high-impact onshore oil exploration program in northern Cuba with ... Read More The post Cuban affair getting serious for Melbana as spud date nears appeared firs...

RockTalk is a Stockhead video series featuring a roundtable of resources experts discussing a new macro topic each week. In this episode, host Peter Strachan takes a look at three oil & gas players on the verge of “company maker” develo...

A quick wrap of the ASX’s key winners and losers on Wednesday, August 5. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Today 681 stocks rose, 607 declined and...

V-Con is Stockhead’s investing focused video conference series, bringing you expert insights, panel discussions and presentations from leading analysts, listed small caps and industry players. This latest video conference focuses on the oi...

A quick wrap of the ASX’s key winners and losers on Wednesday, July 8. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Today 547 stocks rose, 804 declined and 7...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

A quick wrap of the key winners and losers on Wednesday, May 27. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Code Company Price % Change Volum...

Australian oil and gas junior Melbana Energy (ASX: MAY) is farming out up to 70% of its stake in an onshore oil block in Cuba to Angola’s state-owned oil company Sonangol. Sonangol produces more than 2 million barrels of oil per day and is...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

A quick wrap of the key winners and losers on Wednesday, May 20. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made potential market-moving announcements during the day. WINNERS: CODE COMPANY PRICE...

A quick wrap of the key winners and losers on Friday, May 15. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Code Company Price % Change Volume...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Environmental groups have been quick to claim victory after Norwegian oil company Equinor decided to pull out of oil exploration in the Great Australian Bight. While the environment undoubtably played a role in the decision, there are other...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Melbana Energy (MAY) has signed an agreement with Sonangol E.P, the National Oil Company of Angola The agreement will allow for Sonangol to buy a 70 per cent interest in the onshore Cuba Block 9 PSC so long as it funds 85 per cent of drill...

Melbana Energy Limited (ASX:MAY) has signed a binding Heads of Agreement (HOA) with Sonangol E.P. — the National Oil Company of Angola — for the acquisition of 70% Participating Interest in the onshore Cuba Block 9 Production Sharing Contra...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

In a promising development for Melbana Energy Limited (ASX:MAY), Santos Limited (ASX:STO) has validly and conditionally exercised its option to acquire an 80% interest in the Permit containing the Beehive prospect. The parties agree that up...

Stock analysis veteran and lover of the oil and gas game, Peter Strachan, is putting aside the Bloomberg terminal and picking up the microphone for another instalment of The Wildcatter Podcast. In this latest episode, Peter interviews And...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Melbana Energy (ASX:MAY) is set to welcome major oil and gas company Santos (ASX:STO) as a partner in the WA-488-P permit that contains the Beehive prospect, which could contain 388 million barrels of oil or its equivalent. Santos said it w...

Melbana Energy Limited (ASX:MAY) has been notified by Santos Limited (ASX:STO) that it exercises its option to acquire a 40% interest in the Permit, WA-488-P, the Permit containing the Beehive prospect. Meanwhile, TOTAL E&P Australia Ex...

The deadline for petroleum heavyweights Total and Santos to decide whether to buy into Melbana Energy’s (ASX:MAY) WA-488-P permit offshore northwest Australia is just days away.