Articles On Melbana Energy (ASX:MAY)

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...

Stockhead’s Hot Money Monday analysis is based on the Relative Strength Index (RSI) — a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the level at which a company may have been...

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.

Melbana Energy (ASX:MAY) has restarted planning for a two well drilling program targeting more than 200 million barrels of oil in Cuba. This follows the company receiving government approval for all amendments that it had requested to its B...

It is all systems go for Melbana Energy Limited (ASX:MAY) at its Block 9 Production Sharing Contract (Block 9 PSC) in Cuba. Requested amendments to its Block 9 PSC with CUPET, the national oil company of Cuba, have now received the necessar...

Melbana Energy Limited (ASX:MAY) has been a bit quiet of late, however today updated the market on its activities. In good news for the company, it was today informed by CUPET, the national oil company of Cuba, that the Cuban oil company ha...

On Stockhead today: are semiconductors about to pick up again, California’s first pot cafe opens, biotech losers’ remarkable comeback, and angel investment firm Investible closes with $22m round. But first:   The day ahead Today the Austral...

The lift in the price of oil to six month highs on the threat of Middle East supply disruptions has breathed life into a sector that had been in the doldrums for several months amid slowing global growth which has kept the price under press...

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...

Hartleys oil and gas analyst, Aiden Bradley ran the ruler across Melbana Energy Ltd (ASX:MAY) this week, making some interesting observations regarding various recent developments and flagging the upcoming decision by Santos and/or Total to...

Shareholders of Melbana Energy (ASX:MAY) are eagerly anticipating October 2nd. That is the latest date when Santos and Total SPA can farm into its Beehive exploration well and confirm the drilling of its first exploration well. Melbana has...

Crude oil prices are trading significantly below its 2019 high of US$75.60 (Day’s high on 25th April 2019). The prices of Brent Crude Oil Futures on the international Commodity Exchange (ICE) are currently trading at US$62.05 (Day’s Low on...

Melbana Energy Ltd (ASX:MAY) has released promising information regarding preliminary interpretation of the newly acquired Beehive 3D Seismic Survey which confirms some key technical characteristics of Beehive, further de-risking the prospe...

Melbana Resources (ASX:MAY) is now reaping the benefits of a period where it has built up an unrisked Prospective Resource base of 1.1 billion barrels of oil equivalent (Bbble).