I know you are fishing for bites but seriously lets look at nothing else but the most conservative of what is known.
2C is 46 million barrels
PSC maybe 33% to Cuba, so 15mb leaving 30mb
30% to MAY so lets call it 10mb.
In ground value is 25% of market price, $80 - discount for heavy back to $70
25% of $70 times 10mb = $175m
So right now worst case value of the company is $175m or 5.2c per share
May Chart, page-12738
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Last
7.3¢ |
Change
0.003(4.29%) |
Mkt cap ! $239.2M | |||
| Open | High | Low | Value | Volume |
| 7.1¢ | 7.3¢ | 7.1¢ | $560.5K | 7.806M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2841324 | 7.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.4¢ | 1337979 | 6 |
View Market Depth
| Last trade - 15.02pm 07/06/2024 (20 minute delay) ? |
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Last
7.2¢ |
Change
0.003 ( 3.15 %) |
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| Open | High | Low | Volume | ||
| 7.1¢ | 7.3¢ | 7.0¢ | 2979961 | ||
| Last updated 15.13pm 07/06/2024 ? | |||||
| MAY (ASX) Chart |