"The well has averaged raw gas production of 3.3 MMscf/d in the 48 hours since returning to production, coming online at an initial rate of 4.1 MMscf/d. Odin-1 was producing at 1.4 MMscf/d prior to being shut-in for the procedures".
So is it 2.3 times the production amount PRIOR to october 1; or 2.3 times the average production rate announced on october 1 (e.g. 7.59mmsfcd) however this won't be happening as thats greater than initial production amount.. means that there has been a stabilisation at 3.2MMscf/d since the start of october which is (for once) a pleasant surprise.
Anyhow cannot believe it has taken the company this long to cut back some operational staff, have been absolutely bleeding cash for years and then when we are on our ass they cut it back (when its likely too late).
How will the PURE fund debt, along with AGL pre-payments be paid back, whilst not having enough money for Odin-3 (and other JV partners unwilling) etc.
Looking and sounding quite terminal; board and management not holding any accountability. Putting in $30k per cap raise whilst earning many multiples of this a year without sound governance and operational delivery..
VEN Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
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