I see 4 separate narratives at work - that serve to create a bit of confusion / hesitancy: 1) the progress / resource estimates of individual reservoirs - of which there are several 2) the strategy as to what to focus on given those comparative numbers - and when production could start on any one of those reservoirs 3) the possibility of even better numbers coming from deeper reservoirs - and the switch in strategy this would create 4) the task of actually bringing any meaningful production on line - pipelines, refineries, various infrastructure... As investors, it's hard to know what are the key catalysts for a SP move. But as every successive piece of news is released MAY will move from being 'interesting' to it being 'massive FOMO'?
And then it will go parabolic.
MAY Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
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