RE:RE:RE:RE:RE:RE:Lots of Information in Today's Releases, BUT....The net 21,500 bopd now net to the SPV which is now 100% owned by VLE.
The 21,200 bopd is now 21,500 bopd average as per Friday's press release. The 15% not available is 15% of 25,000 bopd, namely the 3500 bopd from Wassana.
Without Wassana, VLE is still getting over CA$1.1 million a day cash flow from the 21,500 bopd at today's exchange rate and CA$105 per bbl.
With Wassana, Sean estimated US$33 million a month in his presentation at US$85 per bbl. At 25,000 bopd, CA$1.25 million a day is in the making... close to CA$500 million a year. Knock of about $100 million for Capex and free cash flow approaches CA$4 a share.
I don't get what all the uncertainty is about. Once guidance is published, the SP should improve if not before then. I would hope that we see 3.50 next week. Onwards and upwards!