So signing a JV with Selan of which work programme they pay for was not good news.
What is not good, is the reaction of s/p.
Now though 1st workover has commenced/completed then would think that when update is out that it will be a positive one & s/p will start to make its way towards 0.10 & on from there over coming weeks & mths.
As commencement of workover was slightly before 8 Nov Rns then would hope as has been said that there is an update next week.
Would have thought that should include completion of 1st workover & maybe indication of results if not full result of it.
Now prep work for all Wells has been completed would hope that Selan will really get moving on remainder of workovers. So they can get on to the 1st new well.
The real main thing is that Syn do not raise any funds & use for CCS while work programme is ongoing.
Overall now Syn had that latest raise would hope they will get through work programme with very little raising of funds until s/p is at least in high teens.
As has been said few times & that is Syn should put carbon capture on hold until Cambay is fully up & running with completion of the workovers, also new Wells.
Just add that obviously never good to see more dialoution, but at least Syn have achieved what looks like a very good JV with a good partner of which there are many shares that have the dilution, but never achieve anything.