As I said here: 65268614, I am compiling all the bullish information to make a bullish thread.
If anyone else has any other information? I can add it to the list:
1) estimated value of 100MMBO (later we found out it was actually 108MMBO as the certifier claims): source: 61276815 estimated value with 108MMBO as inferred from the certifiers: Figure 1: Adapted from VOGC, 08/05/22, 20:30, Post #:61276815this spread sheet screen shot displays an estimated "unrisked prospective resource" for the Amistad, Alameda, and Marti prospects attributed to Melbana (30%) as assessed by Independent expert McDaniel & Associates. (08/07/2022, ASX:MAY, Alameda-1: Independent Resources Assessment (Alameda Resevoir) and ASX:MAY [14/3/22 and 08/07/22]).Using the method of insitu value AUD$/bo for only the Alameda-1 prospects encountered, we come to~$0.69/share.
2) lots of news flow pre-Alameda-2 spudding as indicated by history: 65271637
3) A case for whether or not CGT discount is good for me: 65272407
4) capital raise not required and not predicted by the director, at least until oil flows:
9) Onshore instead of offshore (less overheads/operation costs).
10) The sherrit rig is at Varadero for maintenance (this means they are in contact and it is more likely now this rig will be used for the drilling) [which means with the same drilling team, and their experience, a better understanding of what is required in this Alameda-2 geology will allow them to possibly reduce the risk of well failure relative to a drill team and rig with no experience in the area.]
11) According to the work program for WA-488-P, they are to drill by 21/08/2023. 251 days from now... but they may drill earlier to make sure they are within compliance of the work program. We can lookup a NOPSEMA environmental plan later when it is submitted.
And recently here: "This excluded an additional ~290 metres MD where viable logging couldn’t take place due to poor hole conditions (where some of the most promising oil shows were observed)" source: 09/12/2022, ASX:MAY, Countdown to appraisal of oil found in Block 9 https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02610511-3A609231?access_token=83ff96335c2d45a094df02a206a39ff4
(20min delay)