What excites me most is that the Alameda drilling, through both A-1 and A-2, has demonstrated oil-filled reservoirs, with multiple seals, and NO water yet intercepted, over 2 KMS of depth! Clearly that translates to a huge oil resource, of which 30% is held by MAY, and yet MAY remains the operator.
A-3 is likely to add considerably to that known resource. With McDaniels post A-2 report due to update (and push up appreciably) the identified resources.
AND there remains at LEAST another 21 targets on Block 9, which with 3-D seismic eventually to be carried out, is more than likely to add considerable oil resources to the total inventory.
And ALL onshore!
In a jurisdiction not bound by the bureaucratic nightmare that is typically Australian.
If MAY fails to get to a mkt cap of at least $1 billion (for starters, equivalent share price ~$0.30) in the next few months there will have been a lot of successful manipulation.
A-3 is due to spud within the next 2 weeks, my guess is an announcement on Tues 12th Dec of its commencement. By getting set before then means investors have got in at this IMO highly discounted price.
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3.3¢ |
Change
0.001(3.13%) |
Mkt cap ! $114.5M |
Open | High | Low | Value | Volume |
3.3¢ | 3.4¢ | 3.3¢ | $31.75K | 961.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 335191 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 475092 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 335191 | 0.032 |
8 | 830089 | 0.031 |
7 | 652066 | 0.030 |
7 | 1042395 | 0.029 |
9 | 3366728 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 475092 | 2 |
0.034 | 1747532 | 8 |
0.035 | 1982500 | 5 |
0.036 | 1544408 | 4 |
0.037 | 950014 | 3 |
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