Ann: FY23 Q1 Quarterly Report & Appendix 5B, page-51

I'd imagine it is the Co2....

VEN have stated that 150 tonnes per day would be producible from 3mmscf/d flow, with the flow test recording 11 mmscf/d. 3mmscf/d would give them a circa 24 year production off the net mean recoverable resource.

Current US pricing is around $365 USD (unsure of Australian pricing)...call it $600 AUD...would see revenue of $32m, with VEN share of $16m. Across 24 years that's total revenue of $384m, before costs. Producing at 11mmscf/d doesn't change that, but would change the NPV.

Certainly not a billion dollar asset, but depending on production costs maybe in the $60-100m range once the infrastructure is in place and production is stable.