This is interesting from 2008:
https://www.theguardian.com/world/2008/oct/18/cuban-oil#:~:text=Mother%20nature%2C%20it%20emerged%20this,than%20twice%20the%20previous%20estimate.
I guess that because nothing much has happened since then, the market is sceptical. The MAY market cap is way below that of CVN, for example, (a stock I also own) with much smaller discoveries of offshore oil.
I think we will need to await a clear sign that commercialisation is going to occur in order to put the expected rocket under the SP.
Ann: Alameda-1 Drilling Update, page-412
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Last
3.5¢ |
Change
0.002(6.06%) |
Mkt cap ! $117.9M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.6¢ | 3.3¢ | $577.5K | 16.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1018559 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 1521853 | 6 |
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| MAY (ASX) Chart |