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1.0¢ vintage energy ltd

Thanks gg. Informative. Much appreciated.

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Immigrant's Son

1,142 Posts.

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25/09/23

11:26

Post #: 70008793
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Originally posted by ggwill: ↑

The market has been tough for small companies in the past six months and the delays of Vali 2 and Vali 3 have resulted in the capitulation of the share price. However, the share price got even lower after the Odin news. In fact, it reached all time low at 3.2c after the announcement of the flow rate. Not sure what the market was expecting. 6mmcd flow rate at the assumed contract price of $12 is very profitable. Assuming the wells flow 365 days (which unfortunately doesn't happen):

Net yearly revenue from Odin: $10.8 million ($12*6330GJ*0.78*365)/2

Net yearly revenue from Vali 1: $4.1 million ($8*3760*0.75*365)/2
I think the impurities from Vali 1 is 25%. It flows at 3.56mmcd or 3.76TJ (last quarterly).

To get the net profit, one needs to subtract all the costs including the charges from Santos. No one knows how much Santos charges.

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Thanks gg. Informative. Much appreciated.

VEN Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $16.69M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$3.065K	306.5K

Buyers (Bids)

No.	Vol.	Price($)
1	3183	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	5245450	7

View Market Depth

No.	Vol.	Price($)
1	3183	0.010
10	2673533	0.009
15	4857342	0.008
8	6871000	0.007
3	500000	0.006

Price($)	Vol.	No.
0.011	5245450	7
0.012	4016954	7
0.013	1369232	2
0.014	550000	2
0.015	4504000	3

Last trade - 11.48am 29/07/2024 (20 minute delay)

VEN (ASX) Chart