@afawcett
Ive worked in both onshore and offshore oil and gas for about 30 of the past 40 years so I know well how it all fits together. $31m is a staggering arrears for a oil minnow to be owed though and the timeline of the debt looks like MAY are being paid about 1 year in arrears. I note there is no interest being paid on the overdue monies, only $89k for the past qtr. I’m hoping A3 is a gusher that can be put on production. May should then demobilise and use the oil to clear the JV shortfall. That is probably the only chance they don’t go broke IMO. Save your outrage groupies, you may be sleepwalking into disaster but I prefer to make money so moving on. Good luck all, I hope it works out for you.
- Forums
- ASX - By Stock
- MAY
- Ann: Alameda-3 Drilling Update
Ann: Alameda-3 Drilling Update, page-232
-
- There are more pages in this discussion • 141 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $77.51M |
Open | High | Low | Value | Volume |
2.3¢ | 2.3¢ | 2.3¢ | $21.58K | 938.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 101250 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 3711175 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 101250 | 0.023 |
22 | 6614216 | 0.022 |
25 | 3160365 | 0.021 |
26 | 6302776 | 0.020 |
6 | 888744 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 3711175 | 18 |
0.025 | 753000 | 3 |
0.026 | 953955 | 6 |
0.027 | 1450000 | 3 |
0.028 | 1524245 | 9 |
Last trade - 11.30am 30/07/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online