Ann: May - Investor Webinar November 2022, page-64

Could it be $1 maybe in 2025/6
Could it be 40c possible at the end of 2023

Lets look at our peers,
KAR MC$1.3b 12,700bpd so we would need about 50,000bpd to be equivalent
MC of $1.3b for MAY is around 40c
10 producing wells in 12mnths @ 5k bpd, unlikely but possible

Beach MC $4b and 60,000 bpd so we would need about 240,000bpd to be equivalent
MC of $4b for MAY is over the $1 mark
48 producing wells in 3-4 years @ 5k bpd again unlikely but possible

IMO 10-12c end of 2022, 30c end of 2023 and 60c end of 2025 if we can get the bloody oil out!