RE:RE:Research Capital Analyst Update todayToppicks1 wrote: windymayor1 wrote: IMPACT: Wassana Reserves Additions Extend field life beyond 2030.
Although VLE’s Thailand assets are mature, we see the potential for a significant life
extension through additional development and appraisal drilling. We believe a contingent
resource report could quantify some of the remaining upside. Longer life reserves should
also push any realized abandonment liabilities, well into the future. In addition, with
the substantial free cash flow generated from these assets, we expect VLE to quickly
build up a large cash resource, that can be redeployed into maintaining and growing
production from its current assets, or into an acquisition of longer life assets, or returned
to shareholders through a dividend and share buy back program. We reiterate our BUY
recommendation and $8.25 target price equivalent to a 1.8x multiple of our 2024 debt-
adjusted cash flow forecast.
Seems about right 8.25 price target. But that would assume no new projects.
Comparing to AOI, who also has 20-25 K bbl day, albeit in a long term healthy reserve, with 400M shares float, trading at 3.35 a year ago before Namibia 5 B bbl it seems VLE should be 8-10 now especially since went to 7 on hot air in Turkey.
The only reason its not is the $150M rip off of BG and Equinor in Turkey then 5 years later multiple material missteps plus massive integrity issues with 20% dilution weeks after " non dilutive" and six star Singapore move whe it sshould have been done for $3M, not $15-25M.
A 12 year old would not trust these guys why would anyone other thsn ultra high risk speculator gamble on this managent, especially after theyr $15-25M move to Singapore pretending to be high rollers when just a startup riddled with failure.