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.
Ann: Odin field starts gas supply, page-29
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Last
1.1¢ |
Change
-0.001(4.35%) |
Mkt cap ! $18.36M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $12.7K | 1.150M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 5121435 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 6383360 | 9 |
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| Last trade - 15.57pm 10/05/2024 (20 minute delay) ? |
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Last
1.1¢ |
Change
-0.001 ( 4.35 %) |
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| Open | High | Low | Volume | ||
| 1.1¢ | 1.1¢ | 1.1¢ | 1060000 | ||
| Last updated 14.14pm 10/05/2024 ? | |||||
| VEN (ASX) Chart |