I don't think BOE converts directly to price. You need to work out gas separately to oil.
On today's prices, I calculate VIL's share on these flow rates to be around $1.26mil US per year. That is gross, so you need to subtract production costs.
Still a reasonable income considering they have no other at the moment.
Plus I'm sure they will be drilling further production wells so maybe you can multiply this figure by 4 or 5 for the end of next year.
Definitely good news at this stage, just hope the rates don't diminish too much once things settle.
VIL Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
