Honestly though - what costs are you cutting? It is exceptionally lean already. Production and finance costs are what they are - the only way production costs get lowered is through Vintage doing a better job as operator. Staff and admin are exceptionally low already.
On the revenue side we should see a tripling due to the proportion of Odin gas coming online at double Vali price.
Its really simple - the only thing they need is cash to get these wells flowing. It really won't take too much from a few top 20. The mid and long term looks great.
I'd have to look into it properly, but Patton disappearing would be a cost reduction. Management have historically taken voluntary salary reductions in leaner moments, so that's a possibility too.
MEL Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
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