MEO Australia to change name to Melbana Energy
Melbourne-based independent oil and gas company, MEO Australia on Wednesday informed that it intends to relaunch the company as Melbana Energy Limited and concurrently amend its ASX ticker to “MAY”.
The proposed changes are subject to shareholder approval. The name “Melbana Energy” was selected following a comprehensive review of potential alternatives and consideration of cultural issues relevant for the company’s areas of operation, MEO said in its statement.
Shareholder voting information will be issued with Notice of Annual General Meeting (AGM) documentation on 29 September, MEO said, adding that if the proposal is approved by shareholders at the AGM, a separate announcement will be made regarding the commencement of trading under the new ASX ticker.
New shareholding certificates for Melbana Energy Limited will be issued to all shareholders shortly thereafter.
“The MEO Board believes the relaunching of MEO as Melbana Energy Limited will better reflect the company’s focus on its high potential Cuba Block 9 Production Sharing Contract and other Cuban business development activities. We look forward to continuing all of the company’s exploration activities under the Melbana Energy banner in the future,” MEO’s CEO and MD Peter Stickland said in the statement.