Value Microcaps Junior Energy

[CPTMatt]

VLE.TO/PNWRF - That was during the main presentation which I think was Shawn talking. He was speaking of the cost to drill the wells which I assume would be the Equinor & VLE wells that are planned or at least the VLE ones (Dev-1 & well 3).

I recall discussion of getting well costs down to the $6-9M range in the long-run (going on memory) but I don't recall ever hearing $25M for these exploration wells. Hopefully it won't matter after Inlani results come out in any case but I would have hoped the $60M+ they raised would go further than two exploration wells.

I do think it was good that he tempered expectations (which from the ?'s sounded high) regards to the flow rates & production that will come from Yam and the other exploration wells. On top that the stock price has risen nicely today so the market took the news well (hopefully Mr. Market was listening). I don't want a big ugly series of days when the Yam-1 flow results come out and aren't blockbuster.