VEN 0.00% 1.0¢ vintage energy ltd

Really no one knows what the production from Vali 2 and 3 will...

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    Really no one knows what the production from Vali 2 and 3 will be until the remediation of the water issues in those wells is completed and they have been put on production , cleaned up and reached a sustained flow rate .
    Odin doesn't have water problems at this stage but again a sustainable flowrate will not be known until the well has been on production for some time .

    Their expectations from the Vali field can be measured to some extent by the GSA of a minimum of 16PJ over the life of the agreement .
    I think the deal was for four years ???? So 4PJ per year ???
    They may have factored in a couple of more wells in that time to maintain that production rate as the initial wells deplete .

    The 16PJ was the minimum they expected and did not include production from Odin .

    Really we can only guess until the remediation is done .
    A case of suck it and see .
    The Market seems to have priced in a worst case scenario .
 
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