Melbana Energy Limited (AU:MAY) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.