Articles On Melbana Energy (ASX:MAY)

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...

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...