Member Info for Callum28

yes vacation
The flow nos and current market rates seem to support a decent cash flow in the future.
The fact it will take several months to identify a JV partner seems to indicate they believe fracks will stay open this time.
All good news and good cash flow

It's easy to no crunch

1560 mmbtu x$8 min

Over 3 months is 1.2 mill approx

Of course depends on flow being sustained but they seem confident.

Jez
Gordon
Ask that of Espen is like asking a guy the size of his pecker.
Depends on how excited you are on entry !! :)

Sorry $10.5 projected Oct 1sf

Espen

Sure the value of Cambay would be effected by the increase in gas prices

On a brighter note, Oilex has negotiated a revised Gas Sales Agreement with Enertech Fuel Solutions for the sale of gas from the field based on the Indian government’s recently announced domestic gas price hike.

Oilex will now realise $7.32 per million British thermal units rather than the previous approximate $4.2 per million Btu

At £10.5 that values Cambay at.multiples of what we bought it for ?

If we can prove the Frac up which I suspect we will going on what Roland has said

Yes
Agree with all said .
Let's get the wheels rolling first !
Gla

Yup
True Espen
But there's always some condensate thrown off

https://www.outlookindia.com/business/oil-ministry-seeks-review-of-windfall-tax-wants-certain-fields-exempt-news-224388

Before anyone gets smart I know u have to be producing to qualify for a windfall tax ;)

If you look at the valued clients link for Aakash exploration who are supplying the work over rig ,you will see Schlumberger and Haliburton .
I wonder if they are still inputting there knowledge in to the well clean up for SYN
http://www.aakashexploration.com

As for confidence I'm happy to buy in small parcels as I think this will come good .

From various sources on various boards I would say a farm in is extremely likely on the given initial data.
As things progress we will see how decline rates go.
Compared to the past this is a far more structured and considered approach from company .
I'm buying in small lots

USD 9mmbtu seems on the cards

Rates are due for a revision in October. It is anticipated that the price of gas from old fields of state-owned Oil and Natural Gas Corporation (ONGC) will be hiked to about USD 9 per mmBtu and the cap for difficult fields will rise to double digits.

Intresting if they scrap the 6.1 USD price cap though syn can cut its own prices I think anyway

https://www.business-standard.com/article/companies/reliance-expects-gas-price-to-rise-in-oct-wants-removal-of-ceiling-prices-122072400273_1.html

That's really quite informative .
Thank you Gordon for your efforts .

There's huge pressure on the Indian govt ,let's see if we have any pressure in our well to help out !

https://m.economictimes.com/industry/energy/oil-gas/oil-ministry-to-divert-gas-from-industries-after-cng-piped-gas-prices-jump-70-pc-in-a-year/articleshow/93499502.cms

I guess we are all in it for a few quid .
In context terms if it works it would be like my local team Tranmere being admitted in to the premier lg .
Doesn't mean they will win it but its game on !
Let's hope it all works out .
Gla

They may be slightly busy !!
Gla

This is the last time I'll mention old history as we become SYN tomorrow
Under miller oex couldn't even do the Frac right "wrench down the hole" was the bitter joke.
Just getting the Frac done is a major achievement in my book .
Onwards and upwards hopefully SYN.
Gla

I'm tempted to top up on Friday as just getting the Frac done is a de.risking exercise in itself.
Gla

Good luck Espen
You got "balls of steel".

Good lu