VEN AR out today . Worth reading . Plan seems to have changed with the timing of hook up of Odin . Could be due to Beach being part of that JV . May be a problem with joint marketing approval from the regulator or a disagreement about the proportion of gas production each JV participant gets . May need a Odin 2 well in the permit that Beach is not a partner and a standard Unitisation Agreement to sort that out .
What they said about third party funding and limiting any further dilution of share holders was very encouraging . They obviously understand the urgency to drop catalysts before the end of this year .
MEL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
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