Great post on VEN thread by ggwill as per below ....
Odin 1 made a significant difference to the total revenue with only 9.8 days of production. I hope, next quarter, the numbers will look much better.
Based on the numbers, the price received for the current quarter is $9.15 per GJ compared with $8.37 per GJ last quarter (or 78c higher). And based on rough calculations (ignoring the purity of Odin Vs Vali gas), the Odin price appears to be around $12.5.
June quarter average gas price = $585,700 / 70,000GJ = $8.37 per GJ
September quarter average gas price = $921,200/100,700GJ =$9.15 per GJ
Vali production increased slightly from 234 MMscfd to 242 MMscfd (due to it being online more days).
September quarter production
Vali-1 was online for 89.8 days, average gas rate 2.69 MMscfd (total gas = 89.8*2.69=242MMscfd)
Odin-1 online for 9.8 days, average gas rate 5.44 MMscfd (total gas = 53MMscfd)
Total gas produced 295MMscfd
Odin gas/total gas = 53/295 = 18.1%
June quarter production
Virtually all of this output was sourced from Vali-1, online for 66 days, average gas rate 3.56 MMscfd (total gas=234MMscfd)
Odin produced around 18% of the raw gas and it resulted in 78c price increase. This can happen if the Odin contract price is around $4-4.5 higher or around $12.5 per GJ.
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