Articles On Melbana Energy (ASX:MAY)

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...

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...