Another company I considered was Cooper Energy, COE, they have about 280PJ of P2 gas reserves, vs VEN's 50PJ from Vali and maybe 50PJ from Odin. They operate in Australia, into the same market, and are in production. So my thinking is COE have triple the reserves.
Their current Market Cap is $480M, so ours, once production is underway, might be $160M or 22¢ per share, keep in mind this is not in-depth analysis, the figures are broad and inaccurate and should not be used to make an investment decision.
Other considerations are quality of management team, performance on reaching milestones, Nangwarry, likely near term and medium term macro environment as well as the financials etc.
It would surprise me to see this company with a market cap under $150M in 24 months.
VEN Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
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