This company is banking 2.5 billion barrels a oil, it still has another well to drill and overall they expecting 15 billion barrels out of block 9.
MAY estimated 450 million barrels in this well , It looks as if MAY found 2.5 billion barrels. even a poor calculation it looks as if they may end up with 7 billion barrels out of Block 9.
The company has 2.75 billion shares around 2.6 barrels per share worth after cost of $7 about say $100 , not a bad price for the company. That’s $13.5 Billion for 20 years
From here the company starts with wire logs, confirms commercial quantities of Oil and Gas
MAY will truck oil to the refinery and the company will have a cash flow within nine months in other words they're likely to pay a dividend in nine months time. I can assure you the shares won't be $0.20 a share.
It's also looking if they could have a shit load of Gas, this could be worth more than the oil itself
- Forums
- ASX - By Stock
- MAY
- Block 9 $13.5 Billion for 20 years
Block 9 $13.5 Billion for 20 years
-
- There are more pages in this discussion • 178 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
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
MAY (ASX) Chart |