This is no longer an exploration spec stock, imo. We have 1 production well that will be turned on imminently, and a further appraisal of the deeper sheets to come, imminently. Neither need fraccing, as the formations are already heavily fractured. There will be room for plenty more wells in the years to come. A billion dollar company in 3 years is a bit under 30 cents a share atm, but MAY transacts in Euros I believe, and combined with the exchange rate and potential buy-backs over this time, a billion dollar MC could translate to a much higher share price in 3 years. There is no failure here as we have something, a lot, to show for the initial 2 well exploration program.
MAY Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
