Melbana Energy Limited (ASX:MAY – Get Rating) insider Michael Sandy bought 492,307 shares of the firm’s stock in a transaction on Tuesday, March 15th. The shares were purchased at an average price of A$0.04 ($0.03) per share, for a total transaction of A$17,230.75 ($12,396.22). The company has a quick ratio of 1.28, a current ratio […]
Melbana Energy (ASX:MAY) calls total depth on its Alameda-1 exploration well at the Block 9 contract area, located onshore in Cuba, with drilling stopping at 3916 metres measured depth.
Funds will be used for Melbana’s share of costs associated with new and expanded work streams arising from recent exploration successes in Block 9, Cuba.