With the length of contract remaining they are looking at 4.5pj/a for the 16pj, which is 11.6 mmscf/d of pure gas, or 14.5mmscf/d with 20% impurities. The three Vali wells will not produce at that rate with the current Toolachee completions in two wells. Factor in the appraisal through production approach and I can't see them producing 16pj in that time. Sure - drilling Kinta and additional Vali wells might do it, but it would be potentially risky to layer another contract on top of that contract on the short term.
The one well at Odin should produce 2pj/a in its own right and is only 5 or do months away. Way better to sign up for that than Vali scraps that may not eventuate.
- Forums
- ASX - By Stock
- Ann: First gas supply contract for Odin
With the length of contract remaining they are looking at...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VEN (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.02M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $4.725K | 525K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 3616250 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2452167 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 3616250 | 0.008 |
12 | 2197342 | 0.007 |
4 | 1630000 | 0.006 |
3 | 1300000 | 0.005 |
4 | 1900000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2452167 | 5 |
0.010 | 8180294 | 8 |
0.011 | 5476469 | 10 |
0.012 | 2301663 | 7 |
0.013 | 1369232 | 2 |
Last trade - 13.57pm 30/08/2024 (20 minute delay) ? |
Featured News
VEN (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online