I'm not sure that it's a case of not being able to - this is an...

I'm not sure that it's a case of not being able to - this is an interim measure to get KBC off the books imho. It does lead to a higher likelihood of a small cap raise, but I still see them being able to take on some more debt. It's pointing toward a mixed funding solution now imho. They've got a month plus to get something sorted, so we'll see. I'd say we're looking at around $1-1.5m short term, with further capital needed for pipeline connection in a success case at O2. O3 doesn't appear to be approved by the JV yet, so I don't think that needs to be taken into account at this time.

I've honestly no idea with Odin 1, but it points to natural decline that won't bounce back. Perhaps the stratigraphic component playing a part? I don't love the steepness of the decline, but cash generation is still strong. On paper I see them netting $250-300k for the March quarter, and to be negative around 100k per quarter as it stands. Odin 2 success clearly changes everything.