Cost accounting.What we need here is an accountant that can shed some light on the best way for VET to reduce their surplus.
I am not sure the Corrib becomes a total writeoff as the purchase of assets has to be depreciated and therefore written off over time.
I am also not sure how much CAP-EX can be allocated to 2023 and written off in 2022.
Surely the purchase of permits and drilling rights are immediate costs.
Could VET buy a floating NG plant and anchor it off the Corrib and then move it to the Adriatic Sea later? Again an asset and only so much write down the first year.
I am sure VET has a department of people working in this and I am not worried that they won't make the right choices. I am just wondering what we can expect.
This stock is an easy hold. Always was.
GLTA Longs