I think I have allowed for that by saying the net revenue for MAY will be half the gross net of MAY, that is, 50% of the gross revenue for MAY will be for taxes, PSC and production costs etc, it very well be less but I doubt it will be more.
I think I have been conservative in saying that Block 9 will be producing 20,000bpd in 1 year, who knows in 1 years time Block 9 could be producing 50,000bpd it has the potential do that being onshore, I would not rule that out.
This my thinking of MAY and thats why I am a long term holder.
May Train has just pulled into Risk verse Reward Station, page-161
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Last
3.3¢ |
Change
0.001(3.13%) |
Mkt cap ! $111.2M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.4¢ | 3.3¢ | $67.83K | 2.054M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 254456 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 1556167 | 6 |
View Market Depth
| Last trade - 15.23pm 27/09/2024 (20 minute delay) ? |
| MAY (ASX) Chart |