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Melbana Energy Ltd MEOAF

Melbana Energy Limited is an Australia-based oil and gas company. The Company include a portfolio of exploration, appraisal and development stage opportunities in Cuba and Australia together with development concepts for the Tassie Shoal Methanol and LNG Project. Its projects include Cuba-Block 9 PSC, Cuba-Santa Cruz, Australia-Bonaparte Gulf, Tassie Shoal Projects and Australia-Vulcan Sub-Basin exploration. Cuba-Block 9 PSC covers approximately 2,344 square kilometers (km2) onshore on the north coast of Cuba, approximately 140 kilometers (km) east of Havana in a hydrocarbon system and along trend with the barrel Varadero oil field. The Santa Cruz oil field is located approximately 45 km from Havana between Boca de Jaruco and Canasi oil fields and 150 km west of Melbana’s existing Cuba - Block 9 PSC. Melbana has a 100% interest in two contiguous permits WA-544-P and NT/P87, covering an area of 4,000 km2 in the Petrel sub-basin, a shallow water area of the Timor Sea southwest of Darwin.


OTCPK:MEOAF - Post by User

Bullboard Posts
Post by Tikorangion Feb 22, 2018 6:56am
120 Views
Post# 27599967

Post #3 Share Structures

Post #3 Share Structures
Ordinary Shares Fully Paid 1,665,750,480
Unquoted Exercisable Performance Rights expiring 29 November 2018 5,333,333
Unlisted options expiring 31 August 2018 173,578,055
Unlisted options expiring 3 November 2019 4,000,000
Unlisted options expiring 27 September 2020

12,250,000

Unlisted options expiring 23 November 2020

>>>>>

Company has royalties in the waihapa
ORIGIN ENERGY LTD (OGFGY:PNK)
7.16 0.00 
>>>>>>>>

Company with 25,000 BBL capacity to pipe Waihapa/Tikorangi oil to Shell NZ Omata tank farm in New Plymouth. The data in the data room of NZ is of value to an acquirer as it fast tracks the exploration targets. the low hanging fruit is the mt. messinger 
Share Structure


As at March, 2016 ( quite outdated and not to be trusted ) warrant expired no idea what actaul count is in 2018, the land and permits are also not clear.

 

Shares issued and outstanding:                                                  232,123,459

Options (average exercise price: $0.13)                                       12,354,200

Warrants (2013: average exercise price: $0.45)                           24,452,178

Warrants (2014: average exercise price: $0.07)                           17,000,000

Fully diluted:                                                                                285,929,837

Insider group owns:                                                                          ~18.92%

Greymouth, New Dawn, L&M, John Proust #corps, Maori Trusts, Geoservices all have various stakes.

shares

20,000

>>>>>>>>>>>Tag Oil has JV on cheal with EW but EW not part of tikorangi play at pukatea here is tag share structure: 
Shares outstanding 85,282,252
Options 6,220,000
Warrants 11,535,000
Fully Diluted 103,037,252

Bullboard Posts