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

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 .