MAY - Alameda discovery

Hey guys,

The next 3-4 weeks are going to be very exciting times with discovery already called. But in summary:

1. Is there oil already discovered - Yes (already discovered)
2. Is there going to be massive kicks and pressure -Yes (already kicked)
3. Is the success rate the highest of any company in past 4 years - Yes
4. Is MAY heavily derisked compared to IVZ and 88e - yes
5. Is this the largest appraisal of oil in more than a decade onshore - Yes
6. Is fair value 15-20 cents before appraisal peer to peer - yes
7. Is the conservative barrels 126 million barrels which management have already suggested to be 5-10 times larger worth a 1.5 billion market cap in appraisal- Yes
8. Production to start after appraisal- Yes

Share price 8.3 cents 260 million market cap with 40 million in cash lol rubbish valuation and fair value before appraisal should be 15-20 cents and north of 50 cents on appraisal