Really no one knows what the production from Vali 2 and 3 will be until the remediation of the water issues in those wells is completed and they have been put on production , cleaned up and reached a sustained flow rate .
Odin doesn't have water problems at this stage but again a sustainable flowrate will not be known until the well has been on production for some time .
Their expectations from the Vali field can be measured to some extent by the GSA of a minimum of 16PJ over the life of the agreement .
I think the deal was for four years ???? So 4PJ per year ???
They may have factored in a couple of more wells in that time to maintain that production rate as the initial wells deplete .
The 16PJ was the minimum they expected and did not include production from Odin .
Really we can only guess until the remediation is done .
A case of suck it and see .
The Market seems to have priced in a worst case scenario .
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Open | High | Low | Value | Volume |
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3 | 4968068 | 0.9¢ |
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No. | Vol. | Price($) |
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18 | 7095168 | 0.008 |
4 | 2670000 | 0.007 |
3 | 435000 | 0.006 |
4 | 2396009 | 0.005 |
Price($) | Vol. | No. |
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0.010 | 3107099 | 10 |
0.011 | 6328064 | 8 |
0.012 | 2509996 | 6 |
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