I think the Puka/tea MM structure is probably around 3mmboe.....imo..... thus (say) 1mmboe net to MAY.... this is based on previous involvement in the area..... if so, the inground value could be very close to current market cap... hence Jaks is correct...imo.. when he states the discovery 'underpins an SP of 1.2c to 1.5c'... very handy C/F if combined flow can average 200mmbbl/day for MAY share with low Opex. To me this is a very handy bonus.
Cuba is the real game here...imo
GL
DYOR
Ann: NZ Pukatea 1 Successfully Flows Oil, page-20
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Last
3.2¢ |
Change
0.002(6.67%) |
Mkt cap ! $107.8M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.3¢ | 3.0¢ | $90.72K | 2.927M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1456582 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 1279469 | 5 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MAY (ASX) Chart |