Articles On Melbana Energy (ASX:MAY)

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...

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...