Also noted this re Odin 2/3 in Vens quarterly ... would think...

First 28 Last

Share
Profile

Follow
boysy1

9,436 Posts.

827

28/10/23

11:31

Post #: 70591036
Share

Originally posted by boysy1 ↑

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.

Expand

Also noted this re Odin 2/3 in Vens quarterly ... would think they might want to hold off Odin 2/3 until the JV finances were looking a little brighter

MEL Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

Reply

Top Stories

ASX Market Open: Hopes turn on Israel-Iran attacks barely rattling crude price | June 17, 2025

ASX Market Close: Index treads water as Energy stocks surge | June 16, 2025

BBT

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASM

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

First 28 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.3¢		Change 0.001(25.0%)		Mkt cap ! $4.267M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$825	330K

Buyers (Bids)

No.	Vol.	Price($)
14	17201844	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	7214191	11

View Market Depth

No.	Vol.	Price($)
14	17201844	0.002
8	35000998	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	7214191	11
0.004	10479052	6
0.006	311675	1
0.022	91666	1
0.000	0	0

Last trade - 10.07am 17/06/2025 (20 minute delay)

MEL (ASX) Chart

Also noted this re Odin 2/3 in Vens quarterly ... would think...

ASX Market Open: Hopes turn on Israel-Iran attacks barely rattling crude price | June 17, 2025

ASX Market Close: Index treads water as Energy stocks surge | June 16, 2025

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Also noted this re Odin 2/3 in Vens quarterly ... would think...

Top Stories

ASX Market Open: Hopes turn on Israel-Iran attacks barely rattling crude price | June 17, 2025

ASX Market Close: Index treads water as Energy stocks surge | June 16, 2025

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News