Hi ShezHot,
It's really too difficult at this point in time to give any accurate estimates of where MAY's share price could be in 6 to 12 months time. There are so many key pieces of information that will influence the share price - obviously, together with the overall Stock Market conditions, oil price etc.. If MAY has a good degree of success with the coming Work Programme, then IMO its share price could be a number of multiples of its current value.
I've listed below a few key pieces of information which IMO will be share price catalysts:
- Marti reservoir logs definition of Net reservoir - due in the next few days
- an expected Marti reservoir flow test
- the Alameda reservoir flow test
- potential for the Marti or Alameda reservoirs to be placed on production
- Marti reservoir Certified oil volumes
- Alameda reservoir Certified oil volumes
- drilling results from Zapato-1 - on success would result in a significant increase to share price
- drilling of the Alameda-2 appraisal well and establishing production
Can't really be any more help on this issue at the moment.
Cheers
VOGC
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
7 | 534562 | 3.1¢ |
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Price($) | Vol. | No. |
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3.3¢ | 1235000 | 3 |
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3 | 650000 | 0.030 |
6 | 521452 | 0.029 |
16 | 4741995 | 0.028 |
6 | 721597 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 1235000 | 3 |
0.034 | 114471 | 2 |
0.035 | 36623 | 2 |
0.037 | 1000000 | 1 |
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