Ive been buying and happy to follow the Chairman. He has stated there will be no cap raises to unlock value.
There is huge PM-1 Selva Malvezzi Upside. There is roughly 100 BCF in the below diagram with PVE holding 63%.
Currently we have the First Stage up and running and should generate $8-10M+ Per Year to PVE (8.4 reserves).
8.4 BCF of gas is worth approximately $77M AUD ($47.5M million Euro) at 20 cents per scm and $116M AUD ($71.3M Euro) at 30 euro cents per scm. If the rest come online over the next 12-24 months then this will be a cash cow.
Plus we have 37 BCF at Teodorico offshore which is 100% owned, that could be offloaded for double the market cap itself IMO. What am I missing?
PVE Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
