AU StockDetailed Quotes

Provided by Tiger Fintech (Singapore) Pte. Ltd.

MELBANA ENERGY LTD

0.034

+0.0013.03%

Volume:3.63M

Turnover:124.26K

Market Cap:114.59M

PE:35.16

High:0.035

Open:0.033

Low:0.033

Close:0.033

Loading ...

Overview Company News Filings

Big River Industries And 2 More ASX Penny Stocks With Promising Prospects

Simply Wall St.

HotCopper favourite Melbana appears to be quietly ditching Cuba for WA

The Market Herald

Discovering Opportunities: Environmental Group Among 3 ASX Penny Stocks

Simply Wall St.

Melbana Energy Offers Small Holding Share Sale Facility to Eligible Shareholders; Shares Rise 4%

MT Newswires Live

Environmental Group And 2 Other ASX Penny Stocks To Boost Your Portfolio

Simply Wall St.

Melbana Energy Limited's (ASX:MAY) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Simply Wall St.

Those who invested in Melbana Energy (ASX:MAY) five years ago are up 234%

Simply Wall St.

Melbana Energy Unit Secures Petroleum Exploration Permit for Dampier Sub-Basin Offshore Western Australia

MT Newswires Live

Melbana Energy Ltd - Permit Has Been Granted for an Initial Period of Six Years

THOMSON REUTERS

Melbana Energy Ltd - Unit Granted Petroleum Exploration Permit Wa-552-P

THOMSON REUTERS

ASX Market Update: Mineral Resources leads local bourse higher as US debate draws no Aussie reaction | September 11, 2024

The Market Herald

HotCopper users liking Melbana Energy’s news it’s becoming an oil producer; shares jump +47%

The Market Herald

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/stock/MAY.AU/news"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental","symbol":"MAY.AU"},"__swrFallback__":{"@#url:\"https://hq.skytigris.cn/stock_info/detail/all\",params:#delay:false,,method:\"POST\",data:#items:@#symbol:\"MAY.AU\",,,,,undefined,":{"symbol":"MAY.AU","market":"AU","secType":"STK","nameCN":"MELBANA ENERGY LTD","latestPrice":0.034,"timestamp":1741234332548,"preClose":0.033,"halted":0,"volume":3628846,"delay":0,"changeRate":0.030303,"change":0.001,"floatShares":2635070582,"shares":3370204104,"eps":0.000967,"lyrEps":0.000967,"pbRate":2.05,"amount":124259,"amplitude":0.060606,"volumeRatio":0.928535,"dividePrice":0,"prevYearClose":0.027,"fiveDayClose":0.029,"twentyDayClose":0.027},"@#url:\"https://hq.skytigris.cn/stock_info/fundamental/all\",params:#delay:false,,method:\"POST\",data:#items:@#symbol:\"MAY.AU\",,,,,undefined,":{"symbol":"MAY.AU","floatShares":2635070582,"roa":"2.80%","roe":"5.99%","lyrEps":0.000967,"volumeRatio":0.928535,"shares":3370204104,"dividePrice":0,"high":0.035,"amplitude":0.060606,"preClose":0.033,"low":0.033,"week52Low":0.018,"pbRate":"2.05","psRate":"13.56","week52High":0.079,"institutionHeld":0,"latestPrice":0.034,"committee":0.570401,"eps":0.000967,"divideRate":0,"volume":3628846,"delay":0,"ttmEps":0.000967,"open":0.033,"prevYearClose":0.027,"prevWeekClose":0.03,"prevMonthClose":0.03,"prevQuarterClose":0.027,"fiveDayClose":0.029,"twentyDayClose":0.027,"sixtyDayClose":0.03},"@#url:\"https://hq.skytigris.cn/fundamental/corporate_actions/details/MAY.AU\",params:#limit:5,,,undefined,":[],"@#url:\"https://hq.skytigris.cn/fundamental/dividend/history\",params:#symbol:\"MAY.AU\",market:\"AU\",,,undefined,":[],"$inf$@#url:\"https://stock-news.skytigris.cn/v2/news/list\",params:#symbols:\"MAY.AU\",pageSize:16,pageCount:1,lang_content:\"en\",edition:\"fundamental\",,,undefined,":[{"items":[{"id":"2517908583","title":"Big River Industries And 2 More ASX Penny Stocks With Promising Prospects","url":"https://stock-news.laohu8.com/highlight/detail?id=2517908583","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517908583?lang=en_us&edition=fundamental","pubTime":"2025-03-06 10:05","pubTimestamp":1741226707,"startTime":"0","endTime":"0","summary":"The Australian share market is poised for a modest uptick, with ASX 200 futures indicating a potential gain amidst global economic fluctuations and local corporate developments. In such conditions, investors often turn their attention to smaller or newer companies, where penny stocks—despite the term's somewhat outdated nature—still present intriguing opportunities. By focusing on those with solid financial foundations and clear growth prospects, these stocks can offer both stability and potential upside in an ever-evolving market landscape.Overview: Big River Industries Limited, with a market cap of A$112.70 million, operates in Australia and New Zealand, focusing on the manufacture, distribution, and retail of timber and building products.Overview: Helloworld Travel Limited is a travel distribution company operating in Australia, New Zealand, and internationally, with a market cap of A$274.35 million.Operations: Helloworld Travel Limited has not reported any specific revenue segments","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/big-river-industries-2-more-020507351.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance_au","symbols":["SHA.AU","AX1.AU","CLX.AU","IGL.AU","RPL.AU","BK7045","BIS.AU","GTN.AU","BK7142","GNG.AU","BK7143","BK7062","BK7048","BRI.AU","MTO.AU","BK7070","EZZ.AU","BK7129","MAY.AU","XAO.AU","XKO.AU","BK7095","XJO.AU","BK7114","HLO.AU","BK7058","BK7021","BK7055"],"gpt_icon":0},{"id":"2514839344","title":"HotCopper favourite Melbana appears to be quietly ditching Cuba for WA","url":"https://stock-news.laohu8.com/highlight/detail?id=2514839344","media":"The Market Herald","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514839344?lang=en_us&edition=fundamental","pubTime":"2025-02-26 12:54","pubTimestamp":1740545640,"startTime":"0","endTime":"0","summary":"Melbana Energy  has released a maiden resource estimate – unrisked, mind you – for its oil and gas block offshore WA’s northwest, in a move that appears to show a company pivoting away from Cuba.A strange combination of fundamental proposition and exotic novelty has long converged upon Melbana in the minds of traders, given its one of two listed Australian companies in Cuba in the first place.Melbana is joined in the jurisdiction by Antilles Gold Limited, which explores for what it sounds like along with copper. How these two companies managed to make Cuba work for them in the first place remains something of intrigue, at least to true junior sector enthusiasts.The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://themarketonline.com.au/hotcopper-favourite-melbana-appears-to-be-quietly-ditching-cuba-for-wa-2025-02-26/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"markerherald_stock","symbols":["BK4585","MAY.AU","NWS","BK7142","BK4588","BK4111","NWS.AU","BK7038"],"gpt_icon":0},{"id":"2509473657","title":"Discovering Opportunities: Environmental Group Among 3 ASX Penny Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2509473657","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509473657?lang=en_us&edition=fundamental","pubTime":"2025-02-05 15:05","pubTimestamp":1738739110,"startTime":"0","endTime":"0","summary":"The Australian market has shown resilience, with the ASX200 closing up 0.51% at 8,416 points, buoyed by positive sentiment following China's response to tariffs and strong performances in sectors like Materials and IT. In such a climate, investors often seek opportunities in smaller or newer companies that can offer both affordability and growth potential. While the term \"penny stocks\" may seem outdated, these stocks continue to attract attention for their potential value when backed by solid financials.Overview: Melbana Energy Limited is involved in oil and gas exploration activities in Cuba and Australia, with a market cap of A$94.37 million.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/discovering-opportunities-environmental-group-among-070510698.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance_au","symbols":["BK7142","IGL.AU","BK7088","LBL.AU","EGL.AU","MAY.AU","ANG.AU","BK7062","XJO.AU","MXI.AU","BK7070","CAF.AU","BK7055","BK7045","BK7132","NH3.AU","GTN.AU","HLO.AU","EVO.AU","XKO.AU","XAO.AU","BK7077","BK7095","SKS.AU","BK7023","SHA.AU"],"gpt_icon":0},{"id":"2501210542","title":"Melbana Energy Offers Small Holding Share Sale Facility to Eligible Shareholders; Shares Rise 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=2501210542","media":"MT Newswires Live","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501210542?lang=en_us&edition=fundamental","pubTime":"2025-01-07 11:29","pubTimestamp":1736220562,"startTime":"0","endTime":"0","summary":"Melbana Energy  said it will provide a facility for shareholders with holdings valued at less than AU$500 to sell their shares without incurring brokerage or handling costs, according to a Tuesday filing with the Australian bourse.Eligible shareholders holding 18,518 shares or fewer, based on a closing price of AU$0.027 on Jan. 3, 2025, can sell through the facility or opt out by Mar. 3, 2025, the filing said.This move aims to reduce the company's administrative costs and assist shareholders in disposing of small holdings, the filing added.Shares of the company rose nearly 4% in recent Tuesday trade.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK7142","MAY.AU"],"gpt_icon":0},{"id":"2486815253","title":"Environmental Group And 2 Other ASX Penny Stocks To Boost Your Portfolio","url":"https://stock-news.laohu8.com/highlight/detail?id=2486815253","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486815253?lang=en_us&edition=fundamental","pubTime":"2024-11-28 07:06","pubTimestamp":1732748788,"startTime":"0","endTime":"0","summary":"Over the last 7 days, the Australian market has remained flat, but it is up 18% over the past year with earnings forecast to grow by 13% annually. In light of these conditions, exploring stocks that combine growth potential with solid financial health can be a wise strategy. Penny stocks may be a somewhat outdated term, yet they continue to represent opportunities in smaller or newer companies that could offer growth at attractive price points.Click here to see the full list of 1,045 stocks from our ASX Penny Stocks screener.Assess Environmental Group's future earnings estimates with our detailed growth reports.Overview: Kairos Minerals Limited is a resource exploration company operating in Australia, with a market capit","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/hHa1.rnFIozE8uk1FxFmIg--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/7a92075e7c274cfc915511d1e9d413e3","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/hHa1.rnFIozE8uk1FxFmIg--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/7a92075e7c274cfc915511d1e9d413e3"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/environmental-group-2-other-asx-230628841.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance_au","symbols":["HLO.AU","LBL.AU","MAY.AU","BK7502","BK7070","BK7077","BK7062","XKO.AU","KAI.AU","BK7095","BK7164","EGL.AU","ANG.AU","ATP.AU","BK7131","VLS.AU","XJO.AU","SHA.AU","BK7096","SRV.AU","XAO.AU","BK7088","NGI.AU","BK7132","KAIR","EZZ.AU","BK7142","BK7055","BK7133","BK7048","EVO.AU"],"gpt_icon":1},{"id":"2472677253","title":"Melbana Energy Limited's (ASX:MAY) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?","url":"https://stock-news.laohu8.com/highlight/detail?id=2472677253","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2472677253?lang=en_us&edition=fundamental","pubTime":"2024-10-01 08:22","pubTimestamp":1727742120,"startTime":"0","endTime":"0","summary":"Melbana Energy (ASX:MAY) has had a great run on the share market with its stock up by a significant 77% over the last...","market":"sg","thumbnail":"https://images.simplywall.st/asset/industry/1032000-choice1-main-header/1585186548616","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/industry/1032000-choice1-main-header/1585186548616"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/au/energy/asx-may/melbana-energy-shares/news/melbana-energy-limiteds-asxmay-stock-on-an-uptrend-could-fun","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["BK7142","MAY.AU"],"gpt_icon":0},{"id":"2471673817","title":"Those who invested in Melbana Energy (ASX:MAY) five years ago are up 234%","url":"https://stock-news.laohu8.com/highlight/detail?id=2471673817","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2471673817?lang=en_us&edition=fundamental","pubTime":"2024-09-30 10:49","pubTimestamp":1727664588,"startTime":"0","endTime":"0","summary":"The worst result, after buying shares in a company , would be if you lose all the money you put in. But on a lighter note, a good company can see its share price rise well over 100%. One great example is Melbana Energy Limited  which saw its share price drive 230% higher over five years. And in the last month, the share price has gained 50%. This could be related to the recent financial results that were recently released - you could check the most recent data by reading our company report.Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/YbZfB0swF4KwgBIHqqdycQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/da713992716ec87035eff27f58858a3e","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/YbZfB0swF4KwgBIHqqdycQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/da713992716ec87035eff27f58858a3e"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/those-invested-melbana-energy-asx-024948716.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance_au","symbols":["MAY.AU","BK7142"],"gpt_icon":0},{"id":"2468194125","title":"Melbana Energy Unit Secures Petroleum Exploration Permit for Dampier Sub-Basin Offshore Western Australia","url":"https://stock-news.laohu8.com/highlight/detail?id=2468194125","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2468194125?lang=en_us&edition=fundamental","pubTime":"2024-09-19 12:46","pubTimestamp":1726721189,"startTime":"0","endTime":"0","summary":"Melbana Energy's  subsidiary secured a petroleum exploration permit for the Dampier sub-basin within the Northern Carnarvon basin offshore Western Australia, according to a Thursday filing with the Australian bourse.The permit has a duration of six years, with the application filed under the Australian government's 2022 Offshore Petroleum Exploration Acreage Release, the filing said.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["XAO.AU","XJO.AU","MAY.AU","XKO.AU","BK7142","BK4168","WRN"],"gpt_icon":0},{"id":"2468957591","title":"Melbana Energy Ltd - Permit Has Been Granted for an Initial Period of Six Years","url":"https://stock-news.laohu8.com/highlight/detail?id=2468957591","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2468957591?lang=en_us&edition=fundamental","pubTime":"2024-09-19 10:07","pubTimestamp":1726711654,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20240919:nFWN3L00TO:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK7142","MAY.AU"],"gpt_icon":0},{"id":"2468591952","title":"Melbana Energy Ltd - Unit Granted Petroleum Exploration Permit Wa-552-P","url":"https://stock-news.laohu8.com/highlight/detail?id=2468591952","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2468591952?lang=en_us&edition=fundamental","pubTime":"2024-09-19 10:07","pubTimestamp":1726711654,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20240919:nFWN3L00TO:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK7142","MAY.AU"],"gpt_icon":0},{"id":"2466423651","title":"ASX Market Update: Mineral Resources leads local bourse higher as US debate draws no Aussie reaction | September 11, 2024","url":"https://stock-news.laohu8.com/highlight/detail?id=2466423651","media":"The Market Herald","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2466423651?lang=en_us&edition=fundamental","pubTime":"2024-09-11 11:20","pubTimestamp":1726024800,"startTime":"0","endTime":"0","summary":"The ASX200 has been down 0.3% at 7,988 points in early afternoon trade.Gold prices have climbed back to record levels during the US Trump-Harris Presidential debate on Wednesday morning, just under $2,520 per ounce American.Futures for the S&P500 also dipped during the debate, falling from minus 12 points to minus 21 points.The ASX200 didn’t appear to react to the debate, continuing to trade flat.Melbana Energy  has been up more than 56% after approval to develop its “Block 9” area of interest in Cuba.Catalyst Metals has been up more than 6% on the back of the 1Moz resource it’s grown over the last 12 months. This boosts three year gold production guidance by one hundred thousand ounces and total guidance to 200K ounces.Proteomics International Labs  has been down more than 18% after terminating its licence agreement with Sonic Healthcare in the United States. The company plans to licence with another provide and potentially sell direct to consumers.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://themarketonline.com.au/asx-market-update-mineral-resources-leads-local-bourse-higher-as-us-debate-draws-no-aussie-reaction-september-11-2024-2024-09-11/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"markerherald_stock","symbols":["CYL.AU","BK7104","PIQ.AU","BK7142","BK7508","MAY.AU","BK7048"],"gpt_icon":0},{"id":"2466423662","title":"HotCopper users liking Melbana Energy’s news it’s becoming an oil producer; shares jump +47%","url":"https://stock-news.laohu8.com/highlight/detail?id=2466423662","media":"The Market Herald","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2466423662?lang=en_us&edition=fundamental","pubTime":"2024-09-11 09:29","pubTimestamp":1726018140,"startTime":"0","endTime":"0","summary":"Melbana Energy  – long suffering mishap after mishap at its oil acreage in the exotic jurisdiction of Cuba – is soon to become an oil producer, according to its announcement on Wednesday.Shares in Melbana were up +47% to 2.8cps in late morning trades on Wednesday.The news comes on the back of an approval for development at Melbana’s well-known ‘Block 9’ area of interest from the Cuban government. The development of the Unit 1B wellpad allowing production is on track for Q1 of CY2025 – where works typically begin ‘towards the end of November’ coinciding with a wind-down of the wet season.The first initial oil cargo export is set to leave in late 2024.Melbana noted on Wednesday “oil trucks [and] tankers have arrived in country” and that all export approvals are on Melbana’s desk. As for offtake, terms are being finalised with “an international oil trader” – who, exactly, isn’t yet known.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://themarketonline.com.au/hotcopper-users-liking-melbana-energys-news-its-becoming-an-oil-producer-shares-jump-47-2024-09-11/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"markerherald_stock","symbols":["BK7142","MAY.AU"],"gpt_icon":0}],"pageSize":16,"totalPage":1,"pageCount":1,"totalSize":12}]}}