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Ann: Two Wells Online as Vali-3 Commences Gas Production, page-89

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    Might be a little more because a portion of the production we have already been paid for in the prepayment .
    They have never shared the exact formula that says how the proportion of prepaid is arrived at .
    It could be just a fixed percentage of production until payout or the proportion could vary depending on the production rate or it could vary over time .
    We may never know as there could be confidentiality clauses in the contract .

    Sounds like a GSA might be getting close for Odin .
    The next quarterly will be interesting but still won't have a full quarter for all four wells .
    The Sept quarter should be the good one with potentially all 4 wells producing for a full quarter .

    Don't think that they will be doing any exploration drilling until they know how the wells they have already drilled will perform and some serious revenue is coming in .
    what do you think O G will it be another Odin well or Kinta our will they poke a hole into one of their shallow oil targets .

    I know it has come as a bit of a whimper but it is First Revenue and it is a very long time since they have had any and is worth celebrating .
    Any excuse it is a Friday ,lol .


 
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