There's stuff to like here. The director displays some flourishing touches with action scenes and uses a warm colour palette unlike the usual blue/grey of most horror flicks. I liked the mournful country-ish soundtrack which was a refreshing change from the usual frenetic stuff you hear in such movies. The acting was (mostly) competent.
The director was also the writer of the movie. Unfortunately, the story itself is the biggest weakness.
The Companions don't make sense as a threat. They are part zombie/ part ghost if you can imagine such a thing. The 'rules' under which they form and operate don't make much sense.
The platonic relationship between the two main characters was a refreshing change, but mostly the assorted characters are more like NPCs in a game. They randomly go off on road trips or missions, change their minds and double back, the dialogue is sometimes perplexing, characters form alliances with enemies or strangers for no discernible reason...
I'd rate it a 5 at best, but there's a promise of better things here from the participants.