Ann: Alameda-2 - Successful Flow Test of Lighter Oil to Surface, page-670

MUCKSTER you need to understand MAY cannot export this oil because it’s shit oil. Therefore the Cuban government will control the pricing for the local market which doesn’t need that much shit oil. Heavy oil you don’t make money from. Right now company heading into production most likely after Tax, royalties and third percentage share on around 20-25 dollars a barrel you making 1-2 dollars a barrel.

- 1000 barrels per day and profiting $1-2 dollars a barrel meaning your making $2000 dollars a day profit. NPAT for the the year around $750k. Times that by PE of 7 and you’re worth 5 million dollars. Your current market cap is $250 million. Even if you pumped 10000 barrels a day your still only worth $50 million dollars.

- $50 million dollar valuation is around 1.5 cents a share price

MAY true intrinsic value is $1.5 cents a share price. Marti needs to give them light oil to medium oil to export it and the profits will come in. If it’s 22 API which it looks like it’s still shit oil and not bringing in the money so therefore still 1.5 cents a stock valuation