The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights


After a few tumultuous years in the exotic jurisdiction of Cuba, ASX-listed energy explorer Melbana Energy (ASX:MAY) is getting set to begin producing – and selling – oil, or black gold, before the end of calendar year 2024.

More than one critic has voiced concern over Melbana’s progress through the COVID era, but now, the company is set to start gearing up. And if the rumours are to believed, the company’s activities at its flagship Block 9 acreage are just the beginning.

Here, HotCopper Executive Producer Sonia Madigan talks to Melbana’s Chief Commercial Officer Dr Chris McKeown who says Cuba is proving a supportive jurisdiction for Melbana, saying the Government is keen to bring energy supplies to its population.

He talks about what lies ahead in the immediate run-up to becoming a producer – and then, what investors perhaps really want to know – what may lie ahead in CY2025 and beyond.

MAY by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Index finishes flat as investors flock to safe havens | October 11, 2024

The gold price has rallied and is up more than 0.43% to $US2,645 as investors flock…
China US Aus relations concept

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

This week on HotCopper was tumultuous for one of the community’s most hotly watched stocks: now-Australian-based…
The Market Online Video

ASX Market Update: Energy outperforms in flat trading | October 11, 2024

The local bourse is declining in alignment with the US market and in response to hotter…
AI generated uranium concept

Cauldron Energy reports “excellent” uranium assays in latest drill run

Cauldron Energy has described its latest Yanrey Uranium Project (YUP) drilling assay results as “excellent”.