we don't need light 50+ APi oil for this discovery to be a major success... the US is awash with light con oils from the shale tight boom over the last decade+ ... they and many nations want heavier oils ...did you know that the US actually exports Light oil and imports Heavier oils there refinery's are designed for it ... a big issue for many refinery's is the higher sulphur content this was a worry with CUBA oil that can be 5-6% etc ..
but as MAY stated
Good chance the deeper traps could well be lighter than 19 APi .. we will find out later NOV .... could well be a cracking good XMAS at the ST78 household if it is a Giant 30 Api+ etc discovery in the Alameda - Marti
And yes if I'm right 10c will be very cheap entry price this time next year when we are trading over 50c!!
Ann: Block 9 - Early Production and Spud of Alameda-3, page-368
-
- There are more pages in this discussion • 358 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MAY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.2¢ |
Change
-0.001(4.35%) |
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 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |