In my view, only tangible news that Vali1-ST1 is still producing at around 3.8mmscf/d raw gas and that the water ingress problems at both Vali-2 and Vali-3 have been fixed and that both wells are producing gas at expected rates, will move the share price. Similarly, until Odin-1 is online and producing gas, also at expected rates, the SP impact will be limited. Sustained, decent gas production rates are all that matters at this stage of the game.
The workover crew for Vali-2 and Vali-3 should have been working for all of May so hopefully we'll get an operations update before the June quarterly.
Kind regards OldGeo
In my view, only tangible news that Vali1-ST1 is still producing...
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