If oil is found at Beehive it should have a very positive impact on the share price, not only because it receive substantial future royalty payments but it will also rerate its adjacent permit areas held 100% by MAY.
Another major project which could have a major rerating for MAY is the Tassie Shoal Methanol and LNG Project, this could be developed by doing a joint-venture with a major oil & gas comapany, such as, Santos or Woodside or some overseas major.
beehive 1 exploration well ., page-32
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Last
3.3¢ |
Change
0.001(3.13%) |
Mkt cap ! $111.2M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.4¢ | 3.3¢ | $67.83K | 2.054M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 254456 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 1556167 | 6 |
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| Last trade - 15.23pm 27/09/2024 (20 minute delay) ? |
| MAY (ASX) Chart |