Terminal alright! Last time they raised it was at 1c and those funds were meant for O-2 and O-3. Going to be hard to convince the market to tip in more capital for O-3. Going off Vintages previous numbers they need to come up with $2.6m to drill O-3 and another $1m to perforate, complete and connect.
The meaningless, bullshit merger with GLL has cost VEN SH's dearly. VEN should have been doing in August what they are doing now, cutting costs and managing the fields as operator. At least then they would have some progress to point to.
Out of left field what do you think VEN's 50% of Odin/Vali would be worth? VEN might have to shed some assets along with staff to survive this. If they don't Pure may well step in to secure as much of their $10m as they can.
VEN Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
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