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 .
VEN Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
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