Thanks stumpytrunks, the decline rate:
Odin-1 gas rate averaged
5.44 MMscf/day in Q1
4.70 MMscf/d in Q2
3.11 MMscf/d in Q3
Waiting for Q4 but the last flow rate was 1.4 MMscf/d.
The company never had a positive cash flow from operations. In the March Quarter (Q3) they had -447k from operations (below) when Odin 1 flowed at 3.11MMscf/d. Based on the numbers, I think they burnt around $1 million last quarter from operations alone (due to less gas production). The cash burn rate will be even higher this quarter. By the time they connect Odin 2, they will have no cash for Odin 3 IMO.
Thanks stumpytrunks, the decline rate: Odin-1 gas rate averaged...
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