Melbana Energy Limited (AU:MAY) has released an update.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Melbana Energy Limited is progressing with its Cuban oil project, having appraised three oil-bearing formations and defined a contingent resource of 46 million barrels. The company aims to export its first trial cargo, though efforts have been delayed by late-season hurricanes. Additionally, Melbana is expanding its exploration portfolio in offshore Australia, focusing on large hydrocarbon accumulations.
For further insights into AU:MAY stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Boeing (NYSE:BA) Layoffs Expand, Start Hitting Multiple Factories
- Microsoft’s (NASDAQ:MSFT) New Computer is Exclusively a Cloud Machine
- Walmart (NYSE:WMT) Warns About Tariff-Driven Price Hikes
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
