missing the big picture
Some have forgotten
VLE was 1 year ago a company with no assets other than Turkey and about 35 million in cash
today pumping from 4 fields producing 23,700 BPD
Virtually no debt
110 million in cash last check
Firstworld can ramble all he wants about no profit at this level
1) he got caught out
2) Tax losses will kick in this year
the Kris energy Tax loss purchase was brillent
they alone cover all DECOM costs for the company
you are missing that these decom will in all likelyhood be 5 to 10 years away or more
monaria is going to get another extention and that is why they are drilling there next to extend the field life and defer any decom costs out to a further date
this is a pure cash machine going forward imo
they will be using those losses up and keep the cash
they are already appling the losses to all wasanna procution
if you left the stock at 2 or under you have not figured out the real plan
I believe Sean and Team will
increase production
apply tax losses
extend field life
defer decom
print cash and lots of it
worth more than 2 bucks
and who knows how much
if they pull of a block buster deal again
or turkey lands a big partner
great release today
Just my thoughts
good luck to all who held