Ann: Two Wells Online as Vali-3 Commences Gas Production, page-89

Might be a little more because a portion of the production we have already been paid for in the prepayment .
They have never shared the exact formula that says how the proportion of prepaid is arrived at .
It could be just a fixed percentage of production until payout or the proportion could vary depending on the production rate or it could vary over time .
We may never know as there could be confidentiality clauses in the contract .

Sounds like a GSA might be getting close for Odin .
The next quarterly will be interesting but still won't have a full quarter for all four wells .
The Sept quarter should be the good one with potentially all 4 wells producing for a full quarter .

Don't think that they will be doing any exploration drilling until they know how the wells they have already drilled will perform and some serious revenue is coming in .
what do you think O G will it be another Odin well or Kinta our will they poke a hole into one of their shallow oil targets .

I know it has come as a bit of a whimper but it is First Revenue and it is a very long time since they have had any and is worth celebrating .
Any excuse it is a Friday ,lol .