Ann: VEN: Operations update Odin-1 flow rates, page-5

Hi stumpytrunks,
Thanks for this. So, we may get 15 uninterrupted, streams days of Odin-1 production at 6mmscf/d raw gas for the month of September if the planned 13day shut-in period for downstream maintenance pushes out into October. Odin-1 can deliver at higher rates than 6mmscf/d, but quite rightly Operator is managing the flowing temperatures to protect equipment.

Below is an excerpt from VEN's November 5th, 2021, update on the Odin-1 flow test update shows the well potential.

The well is now shut-in for a pressure build up, with a stable raw gas rate of 6.5 million cubic feet per day (MMscfd) recorded just prior to shut-in. The well was also producing 38 barrels of water per day (bwpd) (interpreted to be water from condensation) at a Flowing Well Head Pressure (FWHP) of 1823 psi. Samples have been collected and will be analysed in due course, however in-field measurements estimated the raw gas was made up of 78% hydrocarbons and 22% of inerts, which is in-line with expectations. During the flowing period, whilst optimising choke settings, a rate of 10.3 MMscfd was achieved on a 36/64” fixed choke at a FWHP of 1666psi, with 60 bwpd, demonstrating that the further potential from these
formations is significant.

Kind regards OldGeo.