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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No. | Vol. | Price($) |
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11 | 3800198 | 0.9¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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16 | 5106342 | 0.008 |
7 | 6870000 | 0.007 |
3 | 500000 | 0.006 |
2 | 800000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 280619 | 1 |
0.011 | 5153783 | 6 |
0.012 | 4016954 | 7 |
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0.014 | 550000 | 2 |
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