Melbana Energy Limited
MEOAF
Other OTC0.02
USD
- -
- -
ISIN
AU000000MAY8
Return %
Stock
S&P500
1Y
385.00
19.01
3Y
870.00
65.48
5Y
142.50
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Andrew Gerard Purcell
- Full Time Employees
- 7
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 388 George Street Sydney NSW Australia 2000
- IPO Date
- Aug 24, 2018
- Website
- melbana.com
- Similar Companies
- Business
- Melbana Energy Limited engages in oil and gas exploration, appraisal, and development primarily in Cuba and Australia. The company holds a 30% operating interest in Cuba's onshore Block 9 production sharing contract, which spans 2,344 square kilometers on the north coast 140 kilometers east of Havana and features appraised discoveries in the Amistad Unit 1B reservoir with 46 million barrels of contingent resources and Unit 1A with 32 million barrels of prospective resources; it also maintains 100% interests in Australian permits including AC/P70 in the Petrel Sub-Basin with the undeveloped Swan gas field and contingent resources of 276 Bcf gas and 34 million barrels of oil equivalent, WA-544-P and NT/P87 in the Petrel Sub-Basin, the Hudson prospect, and Tassie Shoal projects in the Vulcan Sub-Basin. Operations target onshore Cuban oil production via trucking to Matanzas port for export alongside offshore Australian prospects in the Bonaparte Gulf and Timor Sea; customers include international oil traders under a joint marketing agreement with Block 9 partners. Founded in 1994 and headquartered in Sydney, Australia, the firm lists on the ASX under ticker MAY and maintains a representative office in Havana, Cuba. Recent developments include the 2025 field development program in Block 9 with initial Unit 1B commercialization underway, comprising production from the remediated Alameda-2 well since April 2025, completion of the Amistad-2 well in November 2025 despite flow test challenges, mobilization for the Amistad-11 production well targeting up-dip extensions, maiden contingent resource releases for Block 9 and AC/P70, and ongoing farmout processes for the Hudson prospect and AC/P70 to fund drilling.
Tech Bytes: Nvidia’s CES pitch — cheaper AI, bigger ‘factories’, and a push into the physical world
Software outlook cautious for 2026 despite expanding AI adoption, Jefferies says
Inside Biotech: A potential paradigm shift in Alzheimer’s therapy — reversal, not just slowing
Tech Bytes: China’s AI stack adapts as chips, capital and training models move in sync
Omega nominates two directors to Elixir Energy board
Apple may skip standard iPhone 18 in 2026 as launch cycle shifts