Orms felli drakk allan
alkostigr fen hrosta
— rausn drýgði þá ræsir —
Rǫgnvalds niðr í gǫgnum.
Alkostigr niðr Rǫgnvalds drakk fen hrosta í gǫgnum allan felli orms; ræsir drýgði þá rausn.
The excellent descendant of Rǫgnvaldr [= Þorfinnr] drank the swamp of malt [ALE] through all the serpent’s slayer [WINTER]; the ruler practised bounty then.
[2] fen: ‘fan’ 325III β
[2] fen hrosta ‘swamp of malt [ALE]’: The variant fen ‘marsh, swamp’ is required here, as seemingly also in Egill St 19/1, 3V: fen hrosta ‘swamp of mash [ALE]’ (with ms. fanst emended to fens). See the Note on hrosta in st. 1/3-4, where the ‘ale’ is elevated as part of a poetry-kenning.
case: acc.