RE:RE:RE:RE:The village idiot still here lolSuppe11 wrote: The math is pretty easy. I guess they're running at 20k bpd+- at the moment. Wassanas last numbers were something like 2.4 k bpd. Add the Nong Yao expansion maybe +2-3k bpd and the rest is happy not to decline. Now average that over the year = never ever 30k. And I doubt the 25k bpd too.
Anyway, way undervalued even at 20k bpd.
Another huge miss by VLE team.
They said they were going to do 25K bbl day. 20K bbl makes sense but the 20% miss on production is yet another material failure.
Rarely do VLE deliver what they sag they will we are lucky its not $1.20 with their record and zero payouts to SH.
They need to stop pretending to be business men, hire a PhD business / economics CEO, and pay out 80% of free cash flow to SH