They are not saying what happened to the Vali 2 flow rate in January. I assume there are no improvements
'Gas flow averaged 0.2 MMscf/d whilst online during the quarter'.
They burnt $1 million cash and $3.9 million left. The revenue they get is not even covering their operating costs. MEL is at least covering their operating costs.
Without new wells they will continue to burn cash. However, a cap raise is inevitable, if they are to drill new well/s IMO
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.52M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $1.428K | 238K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2669563 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 8505626 | 12 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| VEN (ASX) Chart |