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Onund said he would take advantage of his offer, and in the end he took some of the Ofaera land and the three creeks Byrgisvik, Kolbeinsvik, and Kaldbaksvik as far as Kaldbak's Cliff. Afterwards Eirik gave him Veidileysa with Reykjarfjord and the outer part of Reykjanes on that side.
Here dwelt a wealthy man named Eirik Snare, who had taken the land between Ingolfsfjord and Ofaera in Veidileysa. On hearing that Onund had arrived in those parts, he offered to let him have such portion as he needed from his own lands, adding that there was little land which had not already been taken up. Onund said he would first like to see what there was.
Then they went further into the bay past some fjords and came to Ofaera, where Eirik said: "Here is what there is to see. From here down to the lands of Bjorn is unoccupied." A high range of mountains, on which snow had fallen, rose from beside the river. Onund looked at the mountains and spoke a verse: "My lands and my might have drifted away as drifts the ship on the ocean.