My best case scenario for oil viscosity has always been in the heavy to medium MEDIUM levels. Anything higher would be a total shock given the historical Cuba area oil viscosities.
Having said that MAY has found a not insignificant amount and rising. It is a saleable product. Not at Brent prices, but profitable just the same.
Being on land and nearby infrastructure avenues are quite the plus in my book. Not to say MAY doesn’t need to build some infrastructure, but in the meantime product can still be transported.
All in all its a waiting game as these things don’t happen overnight. I don’t expect getting to where I’d like to see SP until the money is proven and tucked away in the bank account.
A number of steps to do before we get there. Still see people being unrealistic and putting the cart before the horse. Or talking what averages what a horse can leave behind in piles.
Im a long term holder, not a great fan of some management, still that doesn’t change the facts to the potential here.
DYOR, GLTAH.
My best case scenario for oil viscosity has always been in the...
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Last
5.7¢ |
Change
0.003(5.56%) |
Mkt cap ! $192.1M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.8¢ | 5.4¢ | $144.5K | 2.570M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1601115 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 979319 | 4 |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
5.7¢ |
Change
0.003 ( 5.56 %) |
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| Open | High | Low | Volume | ||
| 5.4¢ | 5.8¢ | 5.4¢ | 1070083 | ||
| Last updated 15.15pm 31/05/2024 ? | |||||
| MAY (ASX) Chart |