MAY 6.67% 3.2¢ melbana energy limited

News: MAY Melbana Energy Announces Sale Of Beehive Prospect

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    April 23 (Reuters) - Melbana Energy Ltd (MAY) :

    • MELBANA ENERGY LTD - SALE OF BEEHIVE PROSPECT-MAY.AX
    • MELBANA ENERGY LTD- UPFRONT PAYMENT OF US$7.5 MILLION
    • MELBANA ENERGY LTD- PRODUCTION LINKED PAYMENTS OF US$10.0 MILLION FOR EACH 25 MILLION BARRELS OF OIL EQUIVALENT PRODUCED, IN EVENT OF A COMMERCIAL DISCOVERY
 
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