Unfortunately, Vali 1 itself is not profitable. It is proven with the numbers. It is not even covering the cost of production.
Vali 1 and Odin 1 may cover all the expenses (or may not). In addition to the cost of production, there is the admin expenses, management salaries and then there is the depreciation cost and the rehabilitation cost and so on. Two Odin wells probably make it profitable. The only certain winners are the management who keep getting paid while the share price continues to fall down.
Ann: Odin field starts gas supply, page-36
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VEN (ASX) to my watchlist
 (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¢ | $46.27K | 4.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2077915 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 5191545 | 7 |
View Market Depth
| Last trade - 11.44am 12/07/2024 (20 minute delay) ? |
| VEN (ASX) Chart |