Wondering if MAY still believe they can farmout Beehive in the current market? Do they realise the traditional O&G model is broken - so at its most basic level, this model sees small companies like MAY picking up exploration acreage, farming out to larger operators with money to drill and which then bring in bigger brethren with deeper pockets to develop, so feeding the oil and gas supply chain.
But if major operators do not want to explore for new oil because demand is falling & oil prices crashing in the low twenties, then the minnows like MAY will be unable to attract partners.
This model worked for many small cap players but eventually drove them to the wall after the 2014 downturn.
Wondering if MAY still believe they can farmout Beehive in the...
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.40M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $37.57K | 1.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 11509043 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 1523856 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |