Just reading through the MST report published in June. It notes that we're targeting annual production from Vali of about 4PJ of gas. 50% of which will belong to VEN. At $10/GJ that's about $20M p.a. gross revenue to VEN. We'll pay a percentage to STO for using their pipeline to get it to market. No idea what this percentage will be. Anyone have any idea?
Once we have roughly $8M p.a. coming in from Nangwarry as well we're looking at good annual income. Our market cap won't be $40M for long.
Ann: MEL: Vali-3 net gas pay results exceed expectations, page-24
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