Hi Mechanic,
My guess is it's not in the best interests of the joint venture to keep telling the market that they already sold all the gas from Vali for 4.5 years. So, they leave that section out of the presentations. They already have a contract, and the terms will not change by not referring to the termsThey refer to total 2P reserves and tell the market they sold only a small part of it, which is also true and smarter thing to do IMO
While it was a great news at the time and resulted in a prepayment, the gas prices have gone up since then. In hindsight, if they waited for another 6 months or so, they could have achieved a much better deal.
Luckily, we have Odin. There will be another gas sale agreement, which may be the next catalyst in the share price movement.
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