Ann: Organisational Changes, page-192

IVZ has been plagued with set backs on drill site. Drilling program has gone now over 3 months. MAY drills in 2 months and discovery already made and 2-3 years ahead of IVZ on discovery, appraisal around 6 months. It’s the appraisal of 267million barrels of oil on a conservative number and will be a lot more. MAY will own about 100 million barrels off its first well that makes it a billion dollar company.

WGO has appraised 32.5 million barrels of oil as of October 2022 (400 million market cap). MAY is appraising 100 million barrels for themselves with additional wells being appraised this year. All needs to be priced in and your looking at 1.5-2 billion market cap run up. That hits us around 50-60 cents a stock.

This is running no doubt about it and the next 8 weeks are going to be fireworks for all share holders. 170 million market cap for a discovery already done, production about to start, appraising 100 million barrels. Sorry but this is rerating. I will compare appraised resource size in a new thread later tomorrow to explain how big this will be in 2 months time