VEN 0.00% 0.9¢ vintage energy ltd

Ann: Cervantes-1 regulatory approval received & rig secured, page-50

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  1. 4,811 Posts.
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    The SP seems to have finally moved away from the pip trading around the last credit raise price .
    Fully funded until revenue from Cooper Basin gas and three exploration wells as well !
    A discovery at Cervantes would be great but there does not seem much of that built into the SP yet .

    The CO2 well is also just a sleeper at the moment too .
    That development will happen with the plan that it will not require much capital from VEN .

    Moving up from 10 cents is always awkward because of the initial 5% steps but even only a sniff of oil in Cervantes would make it jump .

    I think we are entering a good cycle for VEN .
 
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