RE:tic toc Same complaint from my other oil investment TNZ which does have robust cash flows and has stated its intent to grow by acquisition in basically the same geographic regions as VLE.
Thats my preferred outcome here....being acquired for our cash by TNZ.
My other two choices were acquiring POE production and/or acquiring KUB energy gas assets in western Ukraine.
Re the latter, an historic gas well drilled by the Soviets in 1990 tested at 115 MMCFPD in the deeper sand and 11.5 MMCFPD in the shallower sands.
KUB has acquired 45sq Km of seismic , located 15 prospects but has not had the capital....until now but is selling all assets as far as I know..to drill Staniskve.
Imagine if the Thrace deeps had flow tests like that..