The "fail' scenario at only 5000 barrels a day with net to May of say 1000 barrels a day of heavy crude after government share will see the share price will get slammed if this is the end state of the project ?
NZO is producing at 3500 barrels a day and is only priced at 100 mill market cap.
HZN is producing net 5000 barrels a day is its market cap is 280 mil
The hope for this stock was always MAY is priced on eventually finding a huge field that it can potentially produce 20k, 30k, 40k barrels a day from ?
MAY Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held
(20min delay)