Ann: VEN: Cooper Basin Update, page-4

Hi Cara,
These Odin-1 gas pay results are significant, especially with the Toolachee result encountering 37metres of conventional gas pay. Just take a look at the nearby analogue wells; initial production rates and cum. production per well. The Toolachee result in Odin-1 tops them all. I hope the JVP production test the Toolachee as soon as possible as unfracced rates may well exceed the Beckler well initial results if net gas pay thickness is anything to go by.

We still have a muted SP response as the likely capital raise appears to be overshadowing the fundamentals. Patience ah?.


Kind regards OldGeo