price for gas $12 per gj 70 percent field availability Production rate or 5mmscf/d between Odin and Vali
Cashflow:
$4.274 million gross revenue
$2.135 million net to VEN
operating expenses last quarter were $1.307 million, let’s assume that expenses are the same, should be very little exploration expenses say $250k so let’s round up and say expenses for the quarter are $1.6 million
we should be cash flow positive of around $500k
Risks of these assumptions:
-Knowing VEN they would have blown money stupidly somewhere -Gas rates have declined heavily and we are sitting at less than 5 mmscf/d -availability has been less than 70 percent
VEN Price at posting:
0.5¢ Sentiment: None Disclosure: Held
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