Michael Sandy Acquires 1,000,000 Shares of Melbana Energy Limited (ASX:MAY) Stock

Melbana Energy Limited (ASX:MAY) insider Michael Sandy acquired 1,000,000 shares of the firm’s stock in a transaction dated Friday, June 4th. The shares were purchased at an average price of A$0.02 ($0.02) per share, for a total transaction of A$21,000.00 ($15,000.00).

The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.98.

About Melbana Energy

Melbana Energy Limited engages in the oil and gas exploration activities in Cuba and Australia. The company holds interests in the Tassie Shoal Methanol and LNG project located in Australia. It also has interests in the Block 9 production sharing contract and the Santa Cruz incremental oil recovery project in Cuba, as well as WA-488-P located in the Joseph Bonaparte Gulf in northern Australia.

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