It is definitely difficult to estimate but if we were to assume 3 gas wells operating between Odin, Vali and a CO2 deal for about $300 per tonne then I see potential for earnings of around 2-3 cents per share in the next two to three years. So dividend might be around 50-60% of that, say 1.5 cents per share. And this doesn’t include the potential for more gas wells and future potential discoveries like Cervantes. Being conservative here.
So based on this I personally think we should see the share price at or above 20 cents based on existing discoveries. Hopefully pretty soon. Let’s wait and see! My opinion only, DYOR
VEN Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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