To be honest, I'm not really expecting any large scale buybacks,...

To be honest, I'm not really expecting any large scale buybacks, hopefully a couple of small ones. Hopefully oil and gas prices will increase to allow them, but then what would you prefer, accelerated drilling or return of capital? Kinda on the fence.. I just want everything to be producing asap really.

I don't really know what the catalyst for SP appreciation is really gonna be... end of year selling (has been and gone a couple of times), quarterly update (been and gone even more times), completion of successful drilling and productions results (been and gone). Other than cash in the bank whats gonna drive the SP north. Successful drilling and production from our first full field development?

Personally i believe we are still highly undervalued although my view on current value is less than the recent broker analysis. I'm still holding and continue to hope and hold!

Whats going on at MAY is unlikely to be helping bringing investors to ASX listed junior oil & gas stocks