I share your concerns on state of world economy.
It's a energy crisis in my view putting upwards pressure on inflation and Ukraine is the catalyst. The world has been gearing up for an EV future and meanwhile CAPEX has been reduced in oil exploration.
Suddenly we need to fill a oil demand void caused by sanctions on Russia. This will not change in the near future.
MAY has discovered oil exactly at the right point in time and hopefully it repeats that success at Zapato.
The opportunity to produce oil now and take advantage of current oil prices is an opportunity that I would expect MAY to pursue aggressively.
Ann: Block 9 Operations Update, page-241
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2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.2¢ | $41.26K | 1.791M |
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| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1303214 | 2.2¢ |
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| Price($) | Vol. | No. |
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| MAY (ASX) Chart |