To anyone new to MAY, don’t panic about any of this. it seems...

To anyone new to MAY, don’t panic about any of this.
it seems like some people posting here have literally no idea, even less than I do, about what’s going on and how oil and gas exploration works.

MAY drilled their first well, A1.
it was an EXPLORATION well. Drilled for the purpose of exploring.
they hit oil in a big way, more than anyone could’ve guessed. It was wildly successful.
so they’ve come back to drill A2 and A3, APPRAISAL wells to gather more info, map out the field parameters more, and potentially start producing straight away or at very least know whether or not more wells can be designed, engineered and drilled.
they’ve done A2, in the upper section (lower pressure, heavy oil) logged heaps of sections that hadn’t be logged before, found way more oil and mapped it out better.

next is A3, high pressure lighter oil. If successful, they will log and flow test the lower higher pressure sections fully and potentially, if it flows well, it will just be put onto long term production.

more wells will be drilled after that.
the “this company is selling hope, there’s always another well” crowd have no idea - more exploration wells end with one dry well and there is no more wells because there’s nothing there.
this thing is a monster, there will be more wells