Ann: VEN: Material Gas Resource Booked for Odin Field, page-13

  1. 4,913 Posts.
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    The first of our catalysts and as has been expected it is a very good result .

    There were a lot of shares bought at 2.2 to 2.5 so we need to expect a lot of churn as the SP moves forward one pip at a time .

    They sound very confident about a pre payment attached to a GSA and loan funding for the pipeline .

    The independent contingent resource estimate included the structure in both permits so if the gas prepayment was big enough we might see an Odin 2 well drilled on ATP 2021 before production started .
    That would facilitate a unitisation agreement .
    They also need to get a ruling to joint market the Odin gas yet .

    While I am Blue Skying would a prepayment big enough to drill both Odin 2 and Kinta before production started be asking for too much , lol .

    More catalysts to come would love them all to as good as this one .

 
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