Nangwarry Full Field Potential & PEL 155 CO2 Prospectivity, page-3

To LKO holders,
I posted this today on VEN's Forum in relation to my 26/5/21 posting above. I'm feeling more confident that the ball park estimate of ~A$600 million value for 50% of the Nangwarry field is currently reasonable (assuming an NPV of A$300/tonne).


From today's announcement, IMO the post production test Mean volumes should be close to ERCE’s pre drill High Case volume (re my post 29/4/21 & at A$300/tonne for CO2 the full field value is a valid ball park estimate). Analysis of announcement below.

GLTAH