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1.1¢ vintage energy ltd

Thanks gg. Informative. Much appreciated.

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Immigrant's Son

1,140 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 1.1¢		Change 0.000(0.00%)		Mkt cap ! $18.36M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.1¢	$39.55K	3.349M

Buyers (Bids)

No.	Vol.	Price($)
17	6224276	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	4382172	8

View Market Depth

No.	Vol.	Price($)
17	6224276	0.011
38	10465035	0.010
6	4848993	0.009
3	4230000	0.008
3	560000	0.007

Price($)	Vol.	No.
0.012	4382172	8
0.013	1900000	2
0.014	2000000	1
0.015	265151	3
0.016	930242	1

Last trade - 16.10pm 13/05/2024 (20 minute delay)


Last 1.1¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
1.2¢	1.2¢		1.1¢	1893461
Last updated 15.48pm 13/05/2024 ?

VEN (ASX) Chart

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