General discussion, page-71

When you have below the 230 million market cap for MAY is a joke and todays accumulation and coming days it should be trading at 600 million market cap (18 cents )

1. MAY movable hydrocarbons ticked and oil discovered2
2. 6.5 billion barrels of oil and conservative 388 million barrels to be appraised in coming weeks biggest discovery in more than a decade
3. 40 million in cash
4. Appraisal of same well which the initial discovery was made 12 months ago. Because of structural damage the well got delayed 12 months and now it’s in a better optimised position to maximise appraisal which was taken from the data of the original well. CEO calls it “appraisal delayed”
5.market cap 230 million
6. Market cap 15 percent higher than 88e with no cash and no discovery or resource
7. IVZ no discovery 300million market cap including options
8. STX 400 million market cap before appraisal with a 40 million barrel appraisal sending share price to 800 million market cap.
9. WGO 350 million market cap on appraisal of 32 million barrels
10. Production to start in March with appraisal. CEO and team have already prepared all the tanks and trucks for flow of oil
11. All infrastructure and roads already built and in place
12. All permits ticked off with Cuba government and have full support
13.Directors buying on market
14. hires from BHP

Its running to fair value of 15-20 cents with upside of a 1.5 billion market cap (50 cents)