Does anyone have the skilset to work out how much $ per day VEN are selling based on the previous announcement of 3.9 MMSCFD?
3.9 million standard cubic feet
= 110,000 cubic metres
25.5 cubic metres to a gigajoule
110,000/25 = 4,400 gigajoules per day
4,400 * price (call it $12 at the cap) = $52,800 per day
= $19,272,000 rev per annum from the first well
Am i on the right track? 2nd well probably doubles revenue.
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Mkt cap ! $8.347M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $17.14K | 4.286M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1136880 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 11616868 | 20 |
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| Last trade - 14.51pm 25/06/2025 (20 minute delay) ? |
| VEN (ASX) Chart |