Personally I think MAY is better bet than 88E. COS (chance of success) is slightly higher in 88E case but 32% COS that MAY has in Cuba prospect is on the high side in this kind of business. Although MAY's share is only 30% out of approximately 236 millions barrels of oil, it still equates to roughly about 70 million barrels which at todays prices is worth over four billion dollars. Of course, there are fees, taxes and royalties to be paid but MAY has only two billion shares in circulation compare to nearly (or more) nine billion 88E has. I may be optimist but they way things are going I see no reason for MAY not to outperform 88E.....big time on Cuba alone. And we still have Santa Cruz, also in Cuba and Beehive with adjacent prospects on top of Alameda and Zapato due to be drilled in June / July .
- Forums
- ASX - By Stock
- Ann: Executive Chairman - Key Terms of Employment
Personally I think MAY is better bet than 88E. COS (chance of...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.6¢ |
Change
-0.002(5.26%) |
Mkt cap ! $121.3M |
Open | High | Low | Value | Volume |
3.6¢ | 3.7¢ | 3.5¢ | $40.16K | 1.116M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 670068 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 13422 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 478783 | 0.035 |
8 | 634374 | 0.034 |
6 | 1767551 | 0.033 |
1 | 300000 | 0.032 |
6 | 799800 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 13422 | 1 |
0.038 | 802430 | 5 |
0.039 | 319682 | 4 |
0.040 | 904244 | 5 |
0.041 | 465955 | 4 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
MAY (ASX) Chart |