Nah we didn’t know hahah. I’ve been saying it in every post 388 million barrels of oil being appraised and 126 million barrels is 100 percent owned by MAY at a 90 percent commercial success rate. Furthermore after this appraisal there are an additional 2.2 billion barrels which is a conservative amount announced by management to be appraised. Largest appraisal in more than a decade And discovery already declared
Each well will become closer to 3-4 million for appraisal after the 70 percent covered by partner. But doesn’t stop there because production starts at end of March/beginning of April which will pump money into the company to reduce the risk of a capital raise
Furthermore just for comparison for you STX 42 million barrels 700 million market cap, WGO 32 million barrels 350 million market cap. MAY is severely undervalued 200 million market cap and like I said fair value is 15-20 cents with upside north of 50 cents on appraisal. It’s running and rerating and won’t stop
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3.4¢ |
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Mkt cap ! $114.5M |
Open | High | Low | Value | Volume |
3.4¢ | 3.5¢ | 3.4¢ | $18.57K | 540.7K |
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No. | Vol. | Price($) |
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7 | 786543 | 3.3¢ |
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Price($) | Vol. | No. |
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3.4¢ | 894358 | 5 |
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No. | Vol. | Price($) |
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3 | 1317000 | 0.032 |
5 | 783500 | 0.031 |
9 | 951998 | 0.030 |
6 | 584671 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 894358 | 5 |
0.035 | 804474 | 3 |
0.036 | 1330666 | 3 |
0.038 | 355554 | 4 |
0.039 | 819682 | 5 |
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