I did try *likes arsing around* but I couldn't make a great deal of sense of them using the anglo-saxon model.
"Hail Horse Ash Ride"
"Horse Horse"
etc
You're thinking too hard, dear! Do you really believe a fat neckbeard sitting at his computer 24/7 designing assets for fantasy settings will know anything about Fuþark runes or pagan rituals in the middle ages?
They just used a simple runic font to substitute for our alphabet.
What can be seen of the text (remember, some of it is hidden by the lovely princess) says:
"Mother of Earth, accept this sacrifice we send (to) the moon, the earth and the sky"
"The flesh is a (v)essel, My mind is your mind, your will is my will, I am your (??)erant"
"You will be free from the bonds that bind you. You are free from the bonds that bind you. You (are) free. Become God. Become One"
"Mother hear me, hear my voice, take my eyes"
And I leave you this last one to ponder:
"The truth will set you free, free fore'er"