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Melbana Energy Limited ( (AU:MAY) ) has issued an update.
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.
More about Melbana Energy Limited
Melbana Energy Limited is a company operating in the energy sector, focusing on exploration and development of oil and gas resources. The company is involved in projects primarily located in Cuba, with a significant interest in onshore exploration activities.
YTD Price Performance: -44.44%
Average Trading Volume: 7,444,734
Technical Sentiment Signal: Sell
Current Market Cap: A$56.73M
See more data about MAY stock on TipRanks’ Stock Analysis page.