Have just listed in on METGASCO's Webinar - key points summarised below all IMO.
Vali Field: - still expecting FID to be announced by end CY 2021 [thus would expect key components of this: GSA (& gas pre-sale) pipeline detailed design completion and processing tariff to be completed by mid December] - the Vali gas pre-sale is looking very likely and METGASCO expects it to cover the Vali Field's full development costs - this includes the cost of the Vali to Beckler pipeline.
Cervantes-1: - expects environmental approval in first half of December - once environmental approval gained will then LOI with Strike will be converted to a Binding agreement - still expecting to spud C-1 in 2Q-22.
Cheers VOGC
VEN Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)