Member Info for Espenviking

If this trend continues I might decide to give myself some bargain-price Syn shares to put under the Christmas tree

Can’t go wrong with a bit of Cohen. Was my gran’s favourite, recall she had the cassette in the car. My favourite being Boogie Street.

Morning sausage
I agree with you, I suppose one would always have wanted to time the entry whenever a share has found it’s bottom. However, they are steadily working through the milestones and the challenges faced along the way. I’m in no rush - and I’m rather confident… let’s get it on!

Agree sausage, however if they do issue one re the jv one would tend to think they also add some commentary re this other key piece activity. And yes, I wasn’t meaning imminently, hence “eventually “ was used.

https://www.synergiaenergy.com/sites/synergia-energy-ltd/files/documents/documents-downloads/Oilex%20Investor%20Presentation%20February%202022.pdf

Gordon, fyi link to where it’s mentioned. Presentation is dated a while back right enough.

Gordon, apologies if I’m down-level, but recall the discussion around cost of the new wells. I only spotted on the weekend the estimated cost on the web site - in the investor presentation I believe it was - $7.5m. If gas/condensate prices are roughly what they are currently and flow rates as targeted, the payback period wouldn’t be long based upon my calculations.

It’s a months since farm-out process formally kicked off. An interim update I am sure will come eventually, even if is just to re-assure process is progressing. Hopefully along with an update on condensate removal exercise.

Golden, valid points.
Re 1, agree one would like to think increase in revenue will happen based upon what’s said in report. Nothing is guaranteed of course.
2, 3-6 months to have a binding agreement I assume that means. One would however assume we will have interim updates, eg regarding non-binding offers/interest.

And at the end of the day, rather work on conservative timelines, as to avoid having to keep moving the goalpost. Slowly but steady wins the race.

I echo that Gordon. I also like the comment about GOI being supportive, something that no doubt will be valuable come next year.

Yes sausage, I agree. Two different things

Yes c2, I am also helpful this will all help to reduce the cash burn near-term. This was already mentioned earlier, that they would re-enable the other other zones, positive it’s likely to happen in not long.

Pretty much as we know it I’d say, all seems to be ticking along nicely. Short-term continue work to increase flow rates, jv also on the horizon and ccs more long term. Onwards and upwards.

Promising to read there is no plan having to raise further funding. Perhaps the main takeaway from skimming through real quick.

Nice to see week is off to a rather positive start.

Or are they saying he will retire? He is already part of the bod isn’t he.

So they’re looking to elect our cfo to become a director?

So assuming follow rates
Condensate 17x60usd/day
Gas .276x8.5usd/day
Just over usd100k/mth

according to calcs? So still a way probably to cover outgoings but getting closer for sure.

If drills are successful, they will have “proven” the “reserves” can be extracted. This should allow us to promote our current P2 resources to P1. This will help to remove the ambiguity around the asset values. Soon we hopefully will have confirmation there are offers submitted. I assume the data room will be kept open for 6 weeks or so, based upon other farm-out/down deals I’ve read up on..

One would assume/hope we will have an RNS outlining how many binding offers have been submitted well in time for Christmas, then obviously a final signed agreement follows (in perfect world also pre-Christmas).