Doesn’t the value here utterly eclipse the current SP? Doesn’t the the oil value on the low 39 million barrels contingent to MAY at $50 USD profit per barrel come in at 1.95Billion USD.
Thats 3 Billion AUD. Our market cap is under 200 million.
Thats ignoring the prospective resource and the potential high value of 273 million barrels to MAY.
That would be 8.8725 billion AUD.
This is still ignoring the west prospect with a further potential upside of 549 million barrels!!
Crazy days. Crazy slow response to the share price.
Ann: Block 9 - Maiden Contingent Resources, page-62
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Last
3.2¢ |
Change
0.002(6.67%) |
Mkt cap ! $107.8M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.3¢ | 3.0¢ | $90.72K | 2.927M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1456582 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 1279469 | 5 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MAY (ASX) Chart |