The main takeaway is Odin performing above expectations - really this is the absolute key for MEL as they get 100% of cashflow from Odin (no repayment) and get significantly higher pricing from this field. while the balance sheet needs to be repaired surely Odin should be the focus going forward with better pricing/economics than Vali and no need to fracture stimulate the field either.
GC1 has circa ~10M in cash at the moment i wonder if they could look to deploy some of this cash into MEL to remove the KBC from the equation.
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