An excellent summary of the company and its prospects! VEN is...

An excellent summary of the company and its prospects! VEN is way undervalued IMO.

However, I think you put too much value on each Vali well. 10c per share for each Vali well means $60 million per Vali well (based on the current market cap). The total production per Vali well is expected to be 5 billion cubic feet which means $53 million revenue over the life of the well at $10 per GJ gas. VEN owns half of the well and the costs need to be deducted too. Happy to be corrected here... The total number of wells is expected to be 9 at Vali. They may drill 4 wells at Odin because of its size.

I believe the CO2 well is worth way more than each Vali well. If they can manage to produce 150 tons per day for 20 years with a single well, it will give net $164 million revenue to VEN minus costs (at $300 per ton of CO2). They may end up producing for 50 years but not sure how the flow rate will be like. There is also Albany 1 and Albany 2 wells (VEN spent $14 million so far), the Cervantes oil prospect and the assets in the NT as mentioned. They may also discover more gas/oil in the Cooper Basin. The oil price keeps going up too.