Yep an initial unstimulated flow rate as good as Beckler 1 would...

  1. 4,914 Posts.
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    Yep an initial unstimulated flow rate as good as Beckler 1 would certainly wake up the Market .
    Would also help our JV partner VEN that needs to fund double what we do at the Valli field.
    Ven probably need to raise more money for their projects before they start to produce revenue too.

    Both companies are in the awkward stage of moving from a pure explorer to a producer .
    I see a lot of value at the present time in both of them .
    The exploration success has not flowed through to the share prices as there is a lot of uncertainty yet as to the size and production capacity of the discoveries .
    A lot of that uncertainty will be settled after the flow tests and the independent reserves / resources audits are done .
    We don't have to wait very long for them .
    They all should be available before we have to fund Cervantes .

    I am very thankful that this forum and the VEN forum has not turned into a toxic slanging match between the different share holders as has happened in a couple of JV's in which I own shares .
    MEP / ADN , WGO /STX and a lesser extent OEL / BYE .

    I truly do not know which is the better investment between VEN and MEL and own shares in both of them and greatly appreciate the information and in sights provided by posters on both forums and the respectful way it is delivered .
 
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0.2¢
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Mkt cap ! $3.665M
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0.2¢ 0.2¢ 0.2¢ $10 5K

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No. Vol. Price($)
14 15680488 0.2¢
 

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Price($) Vol. No.
0.3¢ 10613886 10
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Last trade - 10.00am 23/06/2025 (20 minute delay) ?
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