the forward curve on the Italian gas prices would make a US natgas executive cry
In the US you get around $5mcf on the forward curve, the DEC 11 price for PVE in Italy is US$16mcf
OPEX is about $1MCF for PVE , in the US usually $3 to $4mcf
so if Castello brings home the porcini, they will be producing DEC 11 at annualised 2BCF with a forward price at $16mcf
thats an annualised US$30million operating cash flow per annum to fund development etc
EV is $30million
So I call for a buck on this ticker in 12 months on the basis Castello delivers and the forward curve stays intact
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Last
6.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $69.53M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 70000 | 6.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 199487 | 1 |
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| Last trade - 08.32am 01/08/2025 (20 minute delay) ? |
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