VEN 0.00% 1.0¢ vintage energy ltd

charts and analysis, page-17

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    Don’t forget they’ll be able to quickly drill and complete a few wells by then too if they wanted, but I’d imagine an additional 3-4 wells plus costs of the pipeline would require a pretty significant chunk of cash. That may be what has the market still uncertain, but for those who hold on it should be very rewarding providing they aren’t diluted too much. I’d like to think that funding for getting the drilling and completing of additional wells plus the pipeline would be something that could be financed by the likes of a bank or loan notes once a reserves certification comes out. I hope it goes that way rather than a cap raise and current shareholders can be rewarded. The current management should have the right connections to get this funding...
 
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