I am no oil and gas expert but an appraisal well for Amistad should not cost more than $10 million as they are shallow wells and can be drilled quickly to the shallow depths of the Amistad oil zones, MAY's share is 30%, that is $3 million with $32 million in the bank and more coming with the option conversion that should be more than enough.
MAY Train will be running express to 17 cents - Stand Clear Please Stand Clear, page-49
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Mkt cap ! $67.40M | |||
| Open | High | Low | Value | Volume |
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