Let's not confuse the value of the oil in the ground - the reserves - measured in 10's of $billions...
With the daily value of oil production - measured in barrels of oil per day - ie 10's of $1000's per day initially - and increasing to $millions per day in the coming 2 or 3 years
Barrels of oil per day will be multiplied with extra wells
The only bottleneck on that will be a need for a pipe. Between Cuban govt, Sonogol, MAY, Skerritt, and others - I'm very sure a pipe will go in without fuss.
MAY - bull v bear case, page-22
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Last
3.2¢ |
Change
0.001(3.23%) |
Mkt cap ! $107.8M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.3¢ | 3.1¢ | $109.4K | 3.396M |
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| No. | Vol. | Price($) |
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| 2 | 285693 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 2114263 | 9 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| MAY (ASX) Chart |