MEL 25.0% 0.3¢ metgasco ltd

Ann: Odin-2 Appraisal Well Spudded, page-2

  1. 789 Posts.
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    I can't find a GCOS number for Odin-2?

    Given that MEL only raised enough to drill Odin-2 it is a pretty big bet now for them. If it flows then are cashflow positive and should be able to fund Odin-3 in time. If it's a duster, then as @boysy1 pointed out, things are looking pretty ugly.

    What are the geo's on this thread thinking? Is proximity to and success at Odin-1 pointing to likely success or is Odin-2 still a crapshoot?
 
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