They will cease to exist if they can't get a good flow rate from Odin 2 IMO.
1) With the given flow rates, they are burning cash.
2) They had also borrowed money using the assets as security.
3) There is still the AGL prepayment to be honoured.
4) Low market cap limits their ability to raise money.
I wouldn't be surprised if they ask for more money for Odin 3 if it's approved by the joint venture.
Experienced former Beach management drilled V2 and V3 but did not flow test them before building a pipe.
They will cease to exist if they can't get a good flow rate from...
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.52M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $1.428K | 238K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2669563 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 8505626 | 12 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| VEN (ASX) Chart |