Below is a plot of actual and forecast production from Vali-1, Odin-1 and Odin-2. Decline rates are based on historical well performance and analogue wells. Q2 2024, Q3 2-24 and Q4 2024 forecast production is shown as well as forecast production out to 2028. Successful Odin-1 recompletions into the Patchawarra, getting Vali-2 on online, and perhaps Vali-3 are key to maintaining a reasonable production plateau above 3mmscf/d around mid 2025. Odin-3 will add additional plateau length late 2024 / 2025 and another spike in production. I would like to see Operator, VEN, possibly share something like this with the market.
My views and interpretations only.
Kind regards OldGeo
MEL Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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