The share price has certainly been in the doldrums of late, due to several factors including a government imposed $12/GJ price cap which rattled the gas companies, on - site infrastructure problems and recent rainfall which prevented road access to the sites.
Some recent positive news is that road access is about to be restored and Odin 2 and 3 are to target proven reservoirs. I also see some long - term advantage in the Galilee Energy merger.
In the words of experienced mining investor Rick Rule, buy a stock when everyone hates it and VEN certainly falls into that category. His theory is he would rather buy two years early than three months late. I can't see the price falling much further than the current 0.09 cents, so I'm in two years ahead of time.
VEN Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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