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Melbana Energy Limited
(OTC:MAY)
Melbana Energy Limited (MAY) vs. iShares MSCI Australia ETF (EWA)
Melbana Energy Limited Business Overview & Revenue Model
Melbana Energy Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 10.39M | 1.10M |
| Gross Profit | -5.89K | -5.89K | -135.00K | -126.00K | -121.64K | 1.08M |
| EBITDA | -1.81M | -3.67M | 3.60M | -563.00K | 6.51M | -1.81M |
| Net Income | -2.17M | -4.15M | 3.26M | -1.00M | 6.33M | -1.40M |
Balance Sheet | ||||||
| Total Assets | 80.17M | 80.17M | 96.35M | 58.21M | 50.25M | 15.60M |
| Cash, Cash Equivalents and Short-Term Investments | 5.12M | 5.12M | 12.32M | 34.98M | 35.57M | 10.68M |
| Total Debt | 0.00 | 0.00 | 0.00 | 130.82K | 0.00 | 0.00 |
| Total Liabilities | 24.24M | 24.24M | 40.42M | 5.21M | 13.08M | 8.51M |
| Stockholders Equity | 55.93M | 55.93M | 55.93M | 52.99M | 37.17M | 7.09M |
Cash Flow | ||||||
| Free Cash Flow | -38.27K | -38.27M | -69.60M | -48.50M | -41.34M | -9.55M |
| Operating Cash Flow | -3.62K | -3.62M | -3.67M | -2.62M | -2.12M | -2.00M |
| Investing Cash Flow | -3.13M | -3.80M | -18.67M | -13.87M | 3.26M | 11.60M |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 15.77M | 23.83M | -126.00K |
Melbana Energy Limited Technical Analysis
Melbana Energy Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$80.47M | 12.78 | 10.27% | 13.04% | 10.44% | -55.67% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | AU$76.14M | 23.94 | ― | 6.72% | ― | ― | |
50 Neutral | AU$256.56M | -53.23 | -3.58% | ― | ― | 22.50% | |
49 Neutral | AU$32.15M | -10.00 | -7.26% | ― | ― | -220.00% | |
46 Neutral | AU$99.43M | -55.00 | -18.71% | ― | ― | 33.33% | |
46 Neutral | AU$99.85M | -16.67 | -7.73% | ― | ― | 17.02% |
Melbana Energy Limited Corporate Events
Melbana Energy Limited has announced an Options Prospectus detailing the issuance of placement options and bonus options to participants, directors, and lead managers involved in their recent placement activities. These offers, approved by shareholders, are not open to the public and aim to incentivize stakeholders and collaborators, potentially strengthening the company’s strategic initiatives and alignments.
Melbana Energy Limited announced it has lodged a prospectus to facilitate the issuing of options connected to an earlier placement for eligible sophisticated and professional investors. These options include Attaching Options, Bonus Options, and Joint Lead Manager Options, and they aim to allow secondary trading of shares issued via their exercise. While no immediate funds are raised, the company may benefit financially when options are exercised. This development aligns with regulatory compliance and supports the company’s operational initiatives.
Melbana Energy Limited has announced the deferral of drilling the Amistad-11 well in Block 9, onshore Cuba, due to non-payment of outstanding amounts by its partner, Sonangol. Sonangol has requested the deferral to align with its 2026 budget, leading Melbana to demobilize personnel and equipment. The company has issued a Notice of Default to Sonangol, which could result in Sonangol having to assign its interest in Block 9 to Melbana if the default is not resolved within sixty days.
Melbana Energy Limited has clarified the status of Andrew Purcell’s tenure as a director, in response to a request from the ASX. Mr. Purcell was last re-elected in 2018 and has since been appointed as Executive Chairman, a role equivalent to a managing director, which exempts him from re-election under ASX Listing Rule 14.4. This clarification confirms that Mr. Purcell holds the principal executive office, allowing him to exercise significant control and decision-making authority within the company.
Melbana Energy Limited has requested a trading halt on its securities pending an announcement regarding the spud date of its Amistad-11 well in Block 9, onshore Cuba. This move is aimed at managing its continuous disclosure obligations, with the halt expected to last until the announcement is made or normal trading resumes on December 5, 2025.
Melbana Energy Limited announced the cessation of 22,594,581 performance rights due to the expiry of options or other convertible securities without exercise or conversion as of December 1, 2025. This cessation may impact the company’s capital structure and could influence investor perceptions and market positioning.
Melbana Energy Limited, an energy company listed on the Australian Securities Exchange, held its Annual General Meeting where all resolutions were decided by poll. The meeting resulted in the approval of several key resolutions, including the adoption of the remuneration report, re-election of a director, and approval of performance rights and options. However, the special resolutions for additional placement capacity and proportional takeover provisions were not carried. These outcomes may influence the company’s strategic decisions and stakeholder relations moving forward.
Melbana Energy Limited’s 2025 AGM highlighted its ongoing efforts in Cuba’s Block 9, where it commenced continuous production from Unit 1B in the Amistad formation. Despite challenges with the Amistad-2 well, the company plans to drill a new well, Amistad-11, to enhance production. In Australia, Melbana has strengthened its exploration portfolio with new resource estimates and secured a new exploration permit. The company’s technical insights and strategic moves aim to ramp up production and achieve regular exports, positioning it for success in FY2026.
Melbana Energy Limited has commenced mobilization for the drilling of the Amistad-11 well in Block 9, Cuba, with drilling expected to start by the end of November 2025. The new well aims to twin the successful Alameda-2 well, leveraging advanced well design and formation management techniques to enhance production rates. This strategic move reflects Melbana’s proactive approach to optimizing its operations and underscores its commitment to improving oil recovery in the region, potentially impacting its market position and stakeholder interests positively.
Melbana Energy Limited, listed on the Australian Securities Exchange under the ticker MAY, has issued a correction to its Notice of Annual General Meeting. The correction pertains to the Voting Exclusion Statement for Resolution 13, clarifying that if the Chair of the Meeting is appointed as a proxy for a person permitted to vote, the Chair will vote any proxies without specific instructions against Resolution 13, rather than in favor. Shareholders who have already submitted proxy forms can amend their votes by submitting a revised form by 10:30 am AEDT on 18 November 2025.
Melbana Energy Limited announced the completion of the Amistad-2 well in Block 9 PSC, Cuba, where no oil was recovered despite indications of a highly permeable reservoir. The well was drilled deeper than initially planned, and the results have shifted focus to a low-cost 2D seismic survey to inform future drilling strategies. The company is considering replacing the planned Amistad-3 well with Amistad-11, a shallow production well, pending joint operation approval. This development highlights the challenges in early-stage oilfield appraisal and underscores the importance of seismic data in optimizing well placement.
Melbana Energy Limited has requested a trading halt on its securities pending the release of an announcement concerning the results of testing operations at its Amistad-2 well in Block 9, onshore Cuba. This move is aimed at managing the company’s continuous disclosure obligations as it prepares to make a material announcement that could impact its market position and stakeholder interests.
Melbana Energy Limited reported continuous oil production from its Alameda-2 site in Cuba, with a crude inventory exceeding 33,000 barrels by the end of September 2025. The company also commenced drilling at the Amistad-2 site, despite logistical challenges due to hurricane damage and power outages in Cuba. In Australia, Melbana received approval to modify its work commitments, shifting from acquiring 3D seismic data to conducting geological and geophysical studies. The company ended the quarter with $13.4 million in cash, indicating a stable financial position.
Melbana Energy Limited has announced its Annual General Meeting scheduled for 20 November 2025, which will be conducted electronically. Shareholders are encouraged to participate by lodging proxies and submitting questions in advance, with updates available on the company’s website and ASX announcements platform.
Melbana Energy Limited has announced its upcoming Annual General Meeting (AGM) scheduled for November 20, 2025, in Melbourne. The meeting will address several key resolutions, including the adoption of the Remuneration Report, the re-election of Director Michael Sandy, and the approval of performance rights and options under the company’s Executive Incentive Plan. These resolutions are significant for the company’s governance and strategic direction, potentially impacting shareholder value and executive management incentives.
Melbana Energy Limited, an Australian company listed on the ASX under the ticker MAY, announced the results of its Extraordinary General Meeting held on October 15, 2025. The shareholders passed a resolution regarding the ratification of prior issue of shares under placement, with the resolution carried by a poll. This decision reflects shareholder support for the company’s strategic actions, potentially impacting its financial structure and market positioning.
Melbana Energy Limited has announced the withdrawal and deferral of Resolutions 2 to 6 from its Extraordinary General Meeting agenda. These resolutions pertain to the issuance of options and shares related to a recent placement. The deferral is intended to provide shareholders with additional time to review the proposals and ensure informed voting. The resolutions will be revisited at the Annual General Meeting on 20 November 2025. This move reflects Melbana’s commitment to transparency and best governance practices, aiming to align shareholder interests with the company’s capital management strategies.
Melbana Energy Limited has announced the withdrawal of several resolutions from its upcoming Extraordinary General Meeting, initially scheduled for October 15, 2025. The resolutions, which included approvals for issuing options and shares to related parties, will not be presented to shareholders, reflecting the company’s strategic reassessment. This decision may impact stakeholder expectations and the company’s operational strategies, with further updates anticipated as the board continues to evaluate its position.
Melbana Energy Limited announced a correction to its previous statement regarding the increase in Prospective Gas Resource in its AC/P70 exploration permit. The corrected figure indicates a 3.7% increase, rather than 37%, in Prospective Gas Resource. The company also reported an 81% increase in Prospective Oil Resource and the maturation of the Hadrosaurus lead to Prospect status. The ongoing farmout process aims to secure a partner to fund further exploration, with interest driven by the scale of resources and the strategic importance of gas as a transition fuel.
Melbana Energy Limited has announced an update to its prospective resource estimates for the AC/P70 exploration permit, highlighting a significant increase in both gas and oil resources. The company has reported a 37% increase in prospective gas resources and an 81% increase in prospective oil resources. These updates have been driven by advanced geophysical analyses, which have also elevated the Hadrosaurus lead to prospect status. The enhanced resource estimates and proximity to existing infrastructure have heightened interest in the farmout process, as Melbana seeks a partner to fund future work. This development underscores the permit’s potential for LNG-scale gas accumulations and multiple oil prospects, reinforcing its strategic importance in the energy transition landscape.