I added up wrong, lol.
I made cost $20. National oil companies probably pay $15 of this, the contracts are complicated. Not sure about MAY so I added two $5 notes to the cost. So $20 profit.
I don’t use costs when calculating fair marketcap though.
https://scholarworks.uark.edu/cgi/viewcontent.cgi?article=1044&context=anrlaw
Ann: Alameda-2 - Successful Flow Test of Lighter Oil to Surface, page-691
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Mkt cap ! $74.14M | |||
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