We are still waiting on updated flow rates from Odin 1/2 after they found scale in the metering equipment. (15/11) In the Sept quarter Odin was only online for 46 days vs 79 days in the June. Because production currently is so low any increase will in flows and days online will have a positive impact.
Hard to congratulate VEN board for getting themselves out of a mess of their own making however getting out of the GLL transaction is a positive for VEN. The immediate downside is that they don't get GLL's cash to use for the next drill. Hopefully the board has a plan to raise the required capital. Similar situation to MEL last year and it is hard to find debt or equity.
Thaldra keeps getting mentioned. Is this a lower cost option drilling option for the JV?
VEN Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
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