Melbana Energy Limited (ASX: MAY) (Melbana) has been advised by its drilling contractor that it expects to commence mobilisation of the rig to Melbana's well pad in 2 days' time.

Melbana insiders will once again voluntarily enter a trading blackout during the drilling of the upcoming appraisal wells.

As such, two of its directors (Messrs. Purcell and Stickland) have taken this last opportunity to sell some shares on market for personal financial reasons - which included, in the case of Mr. Purcell, settling tax obligations and a property purchase.

All transactions were done in accordance with the Company's Securities Trading Policy. Mr. Purcell remains Melbana's largest shareholder, with an indirect interest of 7.0% of the shares on issue. In accordance with ASX Listing Rule 3.19A.2, Melbana provides details of the changes to the directors' respective interests in the attached Appendices 3Y

Contact:

Tel: +61 2 83 23 66 00

(C) 2023 Electronic News Publishing, source ENP Newswire