I read this as back costs for MAY are part of the cost oil and they will therefore receive funds from this prior to profit oil in the event of successful discovery. Also whilst the operator may decide to drill again it’s unlikely they are only doing this to increase costs so good for MAY in longer term. Doesn’t help with cashflow though.
I read this as back costs for MAY are part of the cost oil and...
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.4¢ | 2.2¢ | $21.22K | 931.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 3584481 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 1992649 | 11 |
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| Last trade - 15.44pm 30/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |