Bridgeport is a wholly owned subsidiary of New Hope, they own a vast range of gas and oil tenements in the area ranging from 2% to 100%, it would be a perfect fit for them to buy an additional share in a gas production well which is already producing and has a long life. IMO any price under 5c would be a bargain for them or VEN, considering Vali will generate annual cash of $5-10m and Odin probably generate about the same if they can get the higher gas spot prices.
MEL Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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