Kit67 let me summarise the 3-4 weeks ahead before drilling begins. It’s important summmary because yes think carefully but the below is happening because it’s the same as 12 months ago:
1. Is there oil already discovered - Yes (already discovered) 2. Is there going to be massive kicks and pressure -Yes (already kicked) 3. Is the success rate the highest of any company in past 4 years - Yes 4.. Is MAY heavily derisked compared to IVZ and 88e - yes 5. Is this the largest appraisal of oil in more than a decade onshore - Yes 6. Is fair value 15-20 cents before appraisal peer to peer - yes 7.Is the conservative barrels 126 million barrels which management have already suggested to be 5-10 times larger worth a 1.5 billion market cap in appraisal- Yes 8. Is it going to production shortly - yes
share price 8.3 cents 260 million market cap with 40 million in cash lol company is severely undervalued and yes considered it all and it’s just too cheap and eggs success rate of 90 percent geological success rate is just too high. IVZ 15 percent geological success rate and has no discovery compare the pair. MAY will continue to rerate
MAY Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
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