Another box ticked. Other boxes to tick imo relevant to price are (simplified, not comprehensive by any means, just some of main points).
1. Updated estimates of the three tiers.
2. Viscosity of oil in each tier.
3. Estimated flow rates.
4. Well/s construction.
5. Well/s Production.
Before we get through all that, we of course have another drill coming up. Success there will be virtually cream value add. IMO with these figures already, this has May as more than viable for some time to come.
Took 10 years for me to be finally in the black with these, I can wait longer for a better return.
GLTA
DYOR.
Ann: Alameda-1 Significant oil pay defined in Marti structure, page-191
-
- There are more pages in this discussion • 381 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MAY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.1¢ | $444.7K | 19.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2048367 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1402823 | 5 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |