Member Info for Espenviking

Abut is a buy;)

19 back-to-back buys

I shared this a few weeks ago wolfman. I’ve also requested a “plan on a page”.

Nice to see a somewhat upbeat finish, a good few buys (although most showing in red).

*moved to selan

Agree, I just recalled you did a while back. It’s anyhow difficult to capture everything accurately, we k ow operational stuff has moved to delay but of course on-shore resources are more costly. Just need to get first drill into stable production.

Yep, that’s also an option G.

Actual implementation is often very different to a paper based exercise mind you. Having read Selan’s presentations they seem to have done lots of drills last year, obviously not directly comparable to Cambay.

Hopefully they can get c-70 into production rapidly, assuming there are no blockers for this, just time and labor needed..

Wasn’t clear to me either what further they can do on work overs until new rig is coming in March.

What was the last estimated monthly cash burn you worked out (as a guesstimate)?

It wasn’t fully clear to me what’s still targeted during this quarter. Would equally be useful to understand more closely when in Q2 they plan to perform first drill.

Thanks G, for seeking clarification. Interesting, assume either means they’ve lowered the “per well” target, which doesn’t seem to be the case seeing they still specified the 2 and the 4. Will perhaps one well spill into ‘26? Even assuming they reach 4.5 mmscf/125 condensate, would still be a healthy monthly revenue for syn.

Good thing operational staff are now on selan payroll

G

https://youtu.be/dT2owtxkU8k?si=rAMG75VD1OlmOkte

I quite liked the style of the interviewer, must admit

G, enjoy your pub lunch!

He still used the (up to) 4 + 2 targets, sounds like he just used a conservative target. You listen and judge yourself of course.

Assuming Aug 1 marks the commencement of the WP then end of this year pretty much means 18 months. We, of course, know there is option to extend for a further 6.

Larger rig needed I did pick up. At least it’s contracted.

Let’s hope 2025 will be the year we can all enjoy some noble scotch compliments of SYN - onwards and upwards

Https://www.business-standard.com/amp/markets/capital-market-news/deep-industries-bags-loa-for-contract-worth-7-3-million-from-selan-exploration-technology-124122000223_1.html

Reassuring pre-Christmas update, that gas/oil is starting g to flow and work steadily progressing.

Let’s see if we get a more detailed update this side of new year.

G, I don’t do fry ups (at home), plus my hob is electric. Must be something else - intriguing. Here’s hoping, onwards and upwards.

Gas/oil I’m starting to smell?

Echo that G, rather shameful.