Vermilion Energy Inc T.VET

How much revenue will Croatia gas bring

[galaxyr]

The gas plant is scheduled to be operational in 2024.  Two of the wells have tested at a combined rate of 32mcf/d.  The plant will have an initial capacity of 15 mmcf/d but can expand as needed.

Any thoughts on how much revenue/profit the Croatian asset will bring to Vermilion?

[Quintessential1]

15 mcf works out to just under 4400 MWh. TTF puts Ng @ 35 Eur/MWh so about  154 000 euros or 164 000 USD per day? It could add $60 million USD a year minus costs and taxes With the potential to double if they can double plant capacity at current TTF prices. I am also seeing forecasts for a long cold European winter so maybe double again if TTF gets to 70? I am not sure how fast they can

[Oldnagger]

Investors should be thinking about short term revenue . They should also be salivating about potential long term revenue due to the tremendous acreage involved. Another good reason to invest in a large supply of napkins LOL

[Moemoney42]

Note: I haven't confirmed the numbers posted but... using those numbers I don't see a need to double plant capacity for a long time..?? What am I missing..? "With the potential to double if they can double plant capacity at current TTF prices." "Two of the wells have tested at a combined rate of 32mcf/d.  The plant will have an initial capacity of 15 mmcf/d but can

[Quintessential1]

I think an m was dropped or added.  It happens and I find m and mm confusing sometimes as sometimes million cubic feet is reported as mcf. I copied and pasted this out of their monthly report which does not exist on their site anymore. CROATIA • 975,000 net acres across two licenses prospective for natural gas and light oil • Drilled two gas wells on SA-10; tested at 15 mmcf/d and 17 mmcf/d*