Hi ShezHot,It's really too difficult at this point in time to...

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