The reality is this CONFIRMS what most who have followed MAY are expecting. Oil has been proven up. Only traders will see this as a negative.
Amistead was always going to be heavy and sold to Cuba with lighter lower oil being exported.
So we didn't get the HOPEFUL uptick we wanted......but......
OIL CONFIRMED, CAN FLOW ASSISTED WITH LIFT, MORE THERE THAN PREVIOUSLY LOGGED and could potentially produce a steady stream of income in the short/medium term.
This was always the hopeful, but not the prize.
It conifrms what we expected REALISTICALLY.
Good announcement!
Ann: Block 9 Alameda 2 Appraisal Update, page-24
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2.2¢ |
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Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.1¢ | $444.7K | 19.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2048367 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1402823 | 5 |
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| MAY (ASX) Chart |