Ann: Vali operations update, page-4

These are frustrating and time-consuming problems, but they are basically teething issues. The large operators in the basin similarly have such field start-up lumpiness. I have little doubt they will be overcome. It also pays to remember that this is a stacked series of gas zones, so in the worst case they may simply move to another zone to produce (unfortunately costing $$ and time). Personally, I am really confident that the Odin field will flow at a much higher rate and with greater condensate volumes. It may be smaller in reserves, but will be cheaper and more valuable in the short term.

Frustrating, but patience will be rewarded.

Agree with @slamdog that too many insiders are benefiting from prior knowledge - management need to get their news out far quicker and plug those leaks.

mutineer