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 .
VEN Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
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