Yeah, the sector makes it hard with the other gas/oil businesses...

Yeah, the sector makes it hard with the other gas/oil businesses all having issues in recent times ie: BPT reserve downgrades, COE bleeding cash because of Orbost dilema etc etc. Supply and demand will inevitably win out and we are seeing that at the moment. There is pressure on the supply side everywhere and not a great deal of businesses contributing to that space in the next few years. VEN have limited CAPEX required to get to market and a proven team to get it there within that window. If you even do conservative numbers on their reserves, this thing is ridiculously underpriced