I don't think they informed the market about the lack of flow of Albany 2. They blamed the weather and covid. Collected performance shares and now they are saying it doesn't flow.
'Albany-2 well costs totalling $4,635,464 had been impaired at 30 June 2023, as no economic hydrocarbons were produced during the flowback period of the well and, after consideration, it was determined there was a low likelihood of economic recovery of gas from the well'.
Ann: Financial report for the half year ended 31 December 2023, page-13
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $8.347M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $6.631K | 1.780M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 710225 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5246250 | 19 |
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| Last trade - 15.12pm 30/06/2025 (20 minute delay) ? |
| VEN (ASX) Chart |