The facts stand as below:
1. Company already has already discovered a movable hydrocarbon system (oil discovered with pressure)
2. Total number of barrels in the area is estimated to be 6.5 billion barrels of oil.
3. MAY has 30 percent ownership of the land which means an estimate of 2.15 billion barrels is 100 percent ownership
4. Infrastructure is currently in place in Cuba for trucking the oil and there are neighbouring companies that truck 50,000 barrels per day
5. Appraisal of Alameda is on a conservative estimate total 388 million barrels of oil. 30 percent ownership means they will have 100 percent ownership of 126 million barrels
7. The appraisal estimate is conservative because CEO states that the oil is lighter at depth hence will be larger than the estimate and expects it to be significantly larger
8. Drilling and Appraisal which is 8-10 weeks away and there will be significant news flow in between.
9. This appraisal is the largest discovery in oil for more than a decade
10. 170 million market cap and fully funded with 40 million in the bank. Was worth 700 million market cap (18 cents) back 12 months on appraisal of same well which suffered structural damage and now drilling in same location next door to previous well
11. Production starts at end of March through trucking and growing the 1000 barrels per day onwards
12. MAY has discovered oil IVZ have not, MAY is 6-12 months ahead of IVZ in appraisal and well drilling, 3 years ahead in production.
13. Appraisal resource will be significantly larger than STX and WGO off one well with both companies worth 800 million and 400 million respectively.
So the downrampers apparently have the best interest of all investors at heart calling the information above false which in fact it’s all correct. MAY right now is a 600-800 million dollar company before appraisal. Yes it will rerate and investors are coming on this forum admitting they want to sell IVZ to buy into MAY once IVZ finishes from its initial announcement of a movable hydrocarbon system but for the next two weeks apparently a 170 million dollar company is worth what’s above. It’s not and will keep rerating this week and into following weeks. Nothing moves from 5 cents to 50 cents on appraisal of conservative 388 million barrels of oil it moves over weeks. 8-10 weeks to enjoy
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Mkt cap ! $84.25M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 30000 | 2.4¢ |
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Price($) | Vol. | No. |
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2.5¢ | 4418678 | 8 |
View Market Depth
No. | Vol. | Price($) |
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1 | 30000 | 0.024 |
9 | 706664 | 0.023 |
11 | 3965602 | 0.022 |
21 | 1930479 | 0.021 |
26 | 4259696 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 4418678 | 8 |
0.026 | 566965 | 6 |
0.027 | 557940 | 6 |
0.028 | 1519170 | 6 |
0.029 | 1908000 | 6 |
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