re: tomcat
Bit of two edged sword the way they describe it. On the one hand, its close to a known discovery which is good, but flow rates of that particular discovery declined rapidly.
As for odds of success, I'm pinning my hopes on what they say further in the announcement, ie "VPE has an interest in nine wells being drilled in the Cooper Basin over the next 3 months.
The followup drilling activity should support the sp if Tomcat is a duster which I suppose is plus for punting on Tomcat.
VPE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held