Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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It appears that the subject of "water" has now concluded.
Do you need to change the thread title?
As for your questions, this BB would only be able to give you speculative thoughts.
I think you would get a better explanation from the BoD if you put your questions direct to them.
Share that factual information with the rest of us when you get it, appreciated.
*27the July re-frac was completed.
2 days later, RNS on 29the July disclosed that "Approximately 10% of the frac fluid has been flowed back".
10 days later, RNS on 8the August discloses “the frac fluid with approximately 50% of the expected flow back having been removed.”
another 10 days later, RNS on 18the August discloses“ A workover rig is being mobilised in early September to re-install the 2 3/8" production tubing which is anticipated to accelerate the frac fluid flow back. "
I would like to ask you to explain
1.why RNS on 18the August dose not disclose the percentage of the frac fluid that was removed?
2.Why is Syn preparing to re-install 2 3/8" production tubing to accelerate the frac fluid flow back in September?
Who cares !! its high risk , buy , hold , don't buy too many .....hope Roland carries on winning ...... If you've put too much in and cant sleep you're insane ..... I've read about people putting everything they have in stocks and have lost the lot ...... This is very high risk , things will definitely go wrong ........
No where in the RNS does it mention water.
Just frac fluid . I have contacted Synergia and have confirmation that no water is in the well.
By all means send an Email yourself.
So STOP spreading your made up information Mr008.
This the RNS from 18/08, there is no mention of "water" that I can see, only gas and fluids.
Steps are being taken to accelerate the frac fluid flow back next month.
Where has the assumption about water come from? Or is an attempt to spread a bit of FUD?
C-77H Update
The C-77H well on the onshore Cambay gasfield (100% Synergia) is currently producing through the C-73 production facility with the gas being sold to the low pressure grid. Full evaluation of the post-frac gas flow potential can only be achieved once the frac fluid introduced to the well has been recovered through flow back.
Testing of the C-77H well immediately after the re-frac operation demonstrated gas production rates up to 0.5 mmscfd from the 2 newly fracced zones. The gas was flared under a limited duration flaring permit. The gas and fluids are being produced through the 4.5" liner which is inhibiting the removal of the frac fluids. A workover rig is being mobilised in early September to re-install the 2 3/8" production tubing which is anticipated to accelerate the frac fluid flow back. Once the production tubing is re-installed and the frac fluid flowback completed, the well will be re-tested to determine the full potential of the two newly fracced zones by flaring the gas under a new short-term flaring permit.
The flowing tubing head (FTHP) pressure varies between c. 880 psi and 350 psi depending on the level of fluid loading in the 4.5" liner with rapid pressure build up after short shut-in periods indicating the efficacy of the re-frac operation.
The previous 4 fracced zones in the lower section of the wellbore are currently isolated with a bridge plug to allow for accurate assessment of the re-frac program.
The C-73 wellbore is being kept offline while production testing of the C-77H continues but will be co-mingled with C-77H in the future. Finally, the 4 fracced zones that were on production prior to being isolated for the re-frac operation, may be co-mingled by milling the isolating bridge plug in the future.
According to RNS on 18the August, it can be concluded that the water and frac fluit in the c-77H well cannot be removed before re-installing the 2 3/8" production tubing in September. Then,Can all the water and frac fluit in the c-77H well be removed after re-installing the 2 3/8" production tubing? It depends on luck.
fjones. Not sure what you mean. The board hasn't mentioned a problem with water, so why do we need to assume there is a problem and they are not telling us? There is a problem with the refrac fluid which looks like being solved. I do agree that it is the current situation that is affecting the sp, not anything said on here. Atb.
don`t worry Mr008 you should of worked out all the BB`s and esp the Two Telegram groups, whilst your singing the SP up your flavour of the month and when you put in valid points you are banned or posts deleted, personally I didn`t want this gas project to fail and it maynot but it all the delay and fund raises that hit the SP not folks moaning & the low flow rates of course lol
sorry gordon1237 why the hell would the board mention Water problem when they trying to/feel they can solve it, its the delays and in churn that will kill the SP, it going to be a lot cheaper entry point I feel to come, HEY ho I wasn`t wrong when I pointed this out at .27 ;o)
Syn share price will continue to fall.
If the c-77H well produces water after the refrac, then water treatment will be required, thus, the production cost will increase, and the c-77H well may have no commercial value.
Mr008,
What are you talking about.
You state 10%, then 50% then make some random claim that "This indicates that the amount of the fluit that has been removed as of 18the August exceeds the amount of the frac fluit injected into the well."
How can you you possibly make that statement when none of us have any idea of the quantity of fluid put in, we only know the percentage of what has come out.
Stop with the water chat, my sides are beginning to hurt.
RNS on 29the July disclosed that 10% of the frac fluit have been removed.
RNS on 8the August disclosed 50% the frac fluit have been removed. RNS on 18the August disclosed that re-install the 2 3/8" production tubing which is anticipated to accelerate the frac fluid flow back.
This indicates that the amount of the fluit that has been removed as of 18the August exceeds the amount of the frac fluit injected into the well. This excess is the water produced after refrac.
Nonse behaviour Mr008
Mr008,
Try again if you're looking for a much cheaper entry price. Starting speculation on this board about water is just going to get shut down.
Whilst it is obvious that the removal of the frac fluid is proving more difficult than anticipated, I see no reason to assume that water production is causing problems. If that was the case they would have to mention it in the rns. They talk specifically about frac fluid which is not the same as water.
Speculation is also a serious Problem..
1. RNS on 8the August disclosed the frac fluid with approximately 50% of the expected flow back having been removed. The gas production rate is up to 0.5 mmscfd .
2. RNS on 18the August disclosed that The gas and fluids are being produced through the 4.5" liner which is inhibiting the removal of the frac fluids. A workover rig is being mobilised in early September to re-install the 2 3/8" production tubing which is anticipated to accelerate the frac fluid flow back.
The amount of frac fluid injected into the well is known. On August 8, approximately 50% of the frac fluid have been removed. However, another 50% of the frac fluid have not been removed after 10 days (18the August). Also, the RNS on 18the August dose not mention the amount of the frac fluit that was removed. It is speculated that the c-77H well produced a large amount of water after re-frac. This is a serious problem.