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Any thoughts on timeline of when we should get news regarding the condensate removal?

Aimtrader, and yet here you are looking to invest

I think it’s right that Roland has engaged specialists to procure the joint-venture, had he not then there are many that would state we could have done better.

I also think Roland needs to do an interview where we are provided with the opportunity to raise questions that would clarify many of the unknowns.

Those mentioning that we may have to wait for a couple of weeks of sustained gas flows forget that as soon as we have lift which could be this week, it is possible that initial flow rates could also be reported along with the fact that lift has been achieved. .

Mr008 excuse me for not clicking reply on your subject line and filling the board with "water"... but where on earth done it mention "water" in the RNS's? I would perhaps want to listen if Roland had either mentioned water, or perhaps even the fact that we could not connect to the pipe line to sell the gas as water was causing an issue or even if we already had the 2,3/8" bore hole being used but the fact that we are on a 4" only leads me to think we are gargling as I have mentioned below, soon as that clear we should be fine.

Do you seriously think those interest in a JV wouldnt be inspecting the well? .... Belter....

I am very happy with that RNS, basically Roland is saying that we are gargling with a wide open mouth and to remove the mouth wash we need to close the mouth enough to spit.

This is the third RNS with confirmation that the frac has worked, I do understand that the market awaits the final gas pressure after the frac fluid has gone but I do not see why PI's wouldnt be happy with the recent news.. Would you rather "Frac has not worked or we have lost a tool down the well", I am over the moon and not selling, just need a small bore fitted to get the fizz out of the champagne bottle and we are there.

JV on the way...
Field development plan done

Well done LTH

Apologies for the spelling of my subject below, predictive text has a lot to answer for, only the other day I text My Wife “what time are you home?” and the message she actually read was “you’re not losing as much weight this summer as you did last year”…

Anyway Gordon, is there a chance that we are only require 0.5 based on the fact that gas has now doubled, it may well be that we previously were aiming for 2 but only needed 1 but that has now halved as gas price has doubled?

All will be revealed ….

Gordon, many thanks for your efforts and also to Toland for his swift replies if he is reading this. By the looks of it we are indeed viable at 0.5 mmscfd for the two zones. What’s needed now is a very carefully worded next RNS so that the market (who were clearly as ignorant as we were) really do get the facts and the gist that this is now a viable concern.
Roland will need to use plain English to state “the gracing has worked and we are now a viable concern.

Then we need a re-rate

Then we need news of a JV

Then we need another re-rate at which point we should all be very very happy.

This could all come very quickly with the first stage as quick as Thursday this week.

Sausage on a stick, that did make me chuckle, the last thing Espen is going to do when he is buying is tell you that he is buying, that would have a negative effect on his ability to purchase at a cheaper price :)

Someones buying 2 million at a time? If its Espen then the mans got balls of titanium... and will soon trigger a TR1 for 5%!

Happy with my holding, not sold but trembling awaiting the next RNS.

Gordon many thanks but I think you may have missed my point, firstly I don’t think that all of the so-called sells are sells but let’s take your view that perhaps all 26 million are sells.
Currently Synergia energy has a market cap of 13 million, how does the sale of 26 million shares total value 43k reduce a company with a market cap of 13,000,000 by 6%?… it stands to reason that it would require sales of up to £780,000 which would be 460 million shares sold?
I just think the market is playing in fear at the moment and not facts.

Minus 5% on a measly 16 million shares sold? Many Pis hold that yet couldn’t drop the share price if they sold.

Patience is a virtu

Gordon, are you sure the target was as high as 2?
If refract was supposed to multiply the output by some where between 3 and 5 times then at 0.3 that makes somewhere between 0.9 and 1.5?

Do we know what the minimum is that is required to make us profitable? If not 0.5 then what is the magic number?

I’m not hugely technical with oil and gas , but are we not seeing flow rates being choked back with a 16/64” choke, presumably when the fluid has all been removed the choke could be slightly increased to improve flow rates? Espen I believe you may have some technical knowledge?

I think people need to just have a little bit more patients and wait to see what the outcome is, I don’t see anything currently negative in any of those RNS’s.

Would be quite bad to go back to shareholders after stating twice in two separate RNS’s initial indications are that the fraccing has been effective to then say it’s not profitable.

Either it’s been effective or it hasn’t, effective being enough for the company to produce a profit

Still confident Espen? Not sold a share? Fair play if your holding strong… Till lukku ;)

I wonder if the existing and new investor were given any incite as to who had been speaking with Roland regarding a joint venture? Roland has mentioned in the past that several have shown interest.
I agree with past comments that its not likely until after the re-frac and based on results, but that date is growing ever closer.

Pmcgra

The existing well has been switched back on, we should hear very soon what the flow rates are regarding gas.

The well will not be re-fracked for 10 weeks or so as it has taken time to book the contractor in.

You can read this in the last 4 RNS's which is likely why no one else has responded, you would do well to have a read as it starts to lock the dates and information in the more you read it.