Melbana Energy Limited (MAY.AX)
Melbana Energy Limited operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Sydney, NSW, AU. The stock last traded at $0.01, up 11.11% on the session, giving a market capitalisation of $18.9M. Its beta of 0.40 implies it has historically moved less than the broad market.
Melbana Energy Limited, a company founded in 1994 and based in Sydney, Australia, is engaged in the exploration for oil and gas across both Cuba and Australia. Its assets in Australia include complete ownership of the Tassie Shoal Methanol and LNG project, as well as the WA-544-P and NT/P87 permits, which together span roughly 4,000 square kilometers in the Petrel sub-basin. In Cuba, Melbana wholly controls the Santa Cruz oil field and holds a 30% stake in Block 9, an area covering 2,344 square kilometers. The company previously operated as MEO Australia Limited before adopting the Melbana Energy Limited name in November 2016.
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