VEN vintage energy ltd

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..as I've posted before...wouldn't be surprised to see MEL sell...

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hombre cara

31,331 Posts.

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03/02/22

19:31

Post #: 59340010
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Originally posted by jophda: ↑

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 .

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..as I've posted before...wouldn't be surprised to see MEL sell down some of Odin to Beach...?
..when you think about there must some reason for the SP not falling when most know they don't have enough money on face value...?

Last edited by hombre cara: 03/02/22

VEN Price at posting: 9.1¢ Sentiment: Buy Disclosure: Held
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