Member Info for Arsenal221

The p.93 said by them was not even worth thinking about.

Things at moment, as far as s/p is concerned. Most definitely could not be looking overall any worse.

On above though on the 1st new well coming through in a positive way then not far off double where it is now. Would think is very possible.

One thing is though Selan need to speed up a bit.

Year ago probably would have been thinking on higher, but going on where s/p, us now that would be a good level to get out at.

Only has couple of days left for this week.

So hoping & Rns update arrives Thur, if not then Fri morning.

Definitely should have left this until s/p was looking much healthier & work programme was further advanced.

As been mentioned before Syn s/p, is very disappointing, but they are in a good position.

So at some point would be thinking as far as s/p, is concerned things will start to improve.

Enjoy

Any news should definitely have confirmation of completion & production rate of well C63.

As far as his visit, is concerned then would expect approval of new wells to be included.

As has been mentioned previously & that is when have 2/3 bits of different news ghen probably good to cover it in 2 Rns's & not one.

It will be good to have some noise come from Syn via Rns & as usual, let's hope on some positive movement in s/p.

Enjoy

VF

Thanks

Workover on well C70, is completed & it is in production.

Going on.last Rns though it looks like Selan are looking into if production rate can be increased.

Gordon

As it is a workover I did not think that more then around 2 weeks,/just few days more would have been needed to determine a production rate.

Anyway, let's hope on something next week, if not tomorrow.

In 19 Dec Rns well C63 workover was currently underway.

So cannot see how Selan/Syn can drag this out this long.

So if not tomorrow then we have got to hope on next week.

No expert, but above seems to be overdue by something like couple of weeks.

It has been mentioned few times & that is. Very likely any significant rise in s/p will not be until the drill on the 1st new well starts.

Will say that on when 2/3 more workover have been completed then s/p might be able yo make a rise up to around 0.07, but as usual it is only might.

C63 was meant to have commenced 5 or so weeks back.

So results on that one would very much hope. Will be this week, if not then Selan/Syn need to get their act together.

As Syn does no where near have the sort of funding required for this sort of project then turning down government grants for development, is I call insane.

Why say we, as you sold?

You say fundraise, but not a definite & if there is one then might be in few mths not weeks.

Just looked at Rns from Oct & says that the new wells are expected to commence in Q2 25.

So let's hope that for above Selan can just about keep to that of which would be late June. If before obviously even better.

Let's hope that an update, is released next week with results of C63.

When found out it was an Indian company in JV partnership with Syn thought things would move faster then they seem to be.

So hope things pick up over next few weeks.

Next week