good read. To summarise (p.29): http://www.stocknessmonster.com/news-item?S=VPE&E=ASX&N=174968
- Surat CSG assets valued at A$1.12 - Growler/Wirraway/Warhawk oil @ A$0.34 - Snatcher/Spitfire oil @ A$0.12 = A$1.58
I also like their latest Good oil presentation: http://www.stocknessmonster.com/news-item?S=VPE&E=ASX&N=504520
Slide 6 shows Roma/QGC gas pipeline running just outside ATP771P and ATP593P all the way to Gladstone.
Proposed pipeline runs through QGC properties, through VPE's PL171 and ATP574P properties, and all the way to Gladstone.
Gotta love that relationship with QGC. Any positive update on Gladstone LNG project, or good VPE reserves announcement, should see a decent re-rate imo
VPE Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held