Australia's largest stock trading and investment forum Australia's #1 stock forum

VEN

Click for more information

0.00%

1.0¢ vintage energy ltd

Ann: Odin field starts gas supply, page-30

First 30 Last

Share
Profile

Follow
Immigrant's Son

1,142 Posts.

104

25/09/23

11:26

Post #: 70008793
Share

Originally posted by ggwill: ↑

The market has been tough for small companies in the past six months and the delays of Vali 2 and Vali 3 have resulted in the capitulation of the share price. However, the share price got even lower after the Odin news. In fact, it reached all time low at 3.2c after the announcement of the flow rate. Not sure what the market was expecting. 6mmcd flow rate at the assumed contract price of $12 is very profitable. Assuming the wells flow 365 days (which unfortunately doesn't happen):

Net yearly revenue from Odin: $10.8 million ($12*6330GJ*0.78*365)/2

Net yearly revenue from Vali 1: $4.1 million ($8*3760*0.75*365)/2
I think the impurities from Vali 1 is 25%. It flows at 3.56mmcd or 3.76TJ (last quarterly).

To get the net profit, one needs to subtract all the costs including the charges from Santos. No one knows how much Santos charges.

Expand

Thanks gg. Informative. Much appreciated.

VEN Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

PAM

PAM secures high-grade Chilean copper play in strong territory

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

KGL

KGL hits copper-silver-gold-zinc-lead massive sulphide intersection in NT

There are more pages in this discussion • 46 more messages in this thread...

First 30 Last

Add VEN (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $16.69M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$3.065K	306.5K

Buyers (Bids)

No.	Vol.	Price($)
1	3183	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	5245450	7

View Market Depth

No.	Vol.	Price($)
1	3183	0.010
10	2673533	0.009
15	4857342	0.008
8	6871000	0.007
3	500000	0.006

Price($)	Vol.	No.
0.011	5245450	7
0.012	4016954	7
0.013	1369232	2
0.014	550000	2
0.015	4504000	3

Last trade - 11.48am 29/07/2024 (20 minute delay)

VEN (ASX) Chart