I wonder why the hook up to Odin is not going to occur at the same time as Valli ? Maybe it is complications getting a joint marketing agreement because Beach is such a big gas producer or maybe it is because of complications caused by the Odin structure being in two different permits .
A second Odin well in ATP2021 would allow a unitization agreement to sort out the production rights and a swap of Beach's production rights for an ORR on production probably would solve any problems getting approval for the JV to get approval to joint market Odin gas .
An Odin2 well would be low risk and a likely high producer without fracking and just the sort of well the JV needs now . They could drill it and have it ready to hook up at the same time as the Valli field and Odin 1 if they really got moving . They have the funds to do it and it would lift start up revenue significantly .
VEN Price at posting:
9.1¢ Sentiment: Hold Disclosure: Held
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