Unfortunately with the track record of the operator and this JV production so far, I would be doubtful of many equity investors coming on when Glennon have a noose around this and rights to the assets if liquidation were to occur.
Additionally doesn’t help that the work over for Odin and Vali was pushed out until June sometime (when they had discussed it nearly a quarter ago).
Always keep coming back to check this out but the promise I initially saw in the asset still hasn’t come to fruition even with Odin commanding such a great gas contract sale price..
MEL Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
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)