Ann: Entitlement Offer Information, page-3

There are few who have put their hands up over on another VEN thread. VEN have discovered the scale issue, figured out the fix and proved it works at O-1. If VEN can at least raise enough to cover O-2 remediation IMO the JV would support that work.

If the remediation at O-2 is successful cashflow improves and we can possibly claw back some cash from last qtr. No point even looking at Vali until/unless Odin is resolved.

I really hope VEN remains operator long enough to at least get an answer on Odin. I bet the board wished they had accelerated the scale remediation program last year when they still had cash instead of chasing rainbows with GLL.