RE:This is a $6 stockCompletely agree with you. VLE have found a niche, buy assets from large organizations that view legacy assets as castoffs. The sellers are seeking new shiny toys.
VLE then deploys competent G&G&Eng on the assets and guess what? Low hanging fruit = immediate cash flow because the infrastructure is already there. Shorter cycle times to first production, although offshore ops do require major planning and competent execution.
This strategy has been successfullly used in the USA (Hilcorp et al) and in CDA with WCP, PEY et al which has resulted in well-run, profitable enterprises and huge shareholder wins.
The temporary Wassana production issue is evidence of what happens when the old way of doing things is analyzed, understood, changed and upgraded by VLEv to current standards. KUDOs to VLE management for setting the current standard of how to do business.
Keep going VLE - on the road to $10.