Member Info for Espenviking

Ccs tweet

https://x.com/synergiaenergy/status/1810968768555753978?s=46

Agree Gordon, i did ask about it on the last investor meet. Hopefully we will see the fruits of all their leg work to date in coming (near) future.

Gordon,

I assume that this might have been a somewhat too

High risk for the average ii. Fine, they have had the Camelot license since a while, but until Cambay jv was fully formalised it admittedly was I guess a risk.

Now with, soon cash on book, a paid for pathway revenue and self-sufficient operations, a (in my view) a sizeable cash injection due on completion of the ccs farm-out and progress with dgh on Cambay ccs project it is an entirely different proposition.

Some time to tick off some further milestones ahead of the interview - exciting times ahead.

Having read closer Selan q2 report, their ‘24 drill campaign has 11 wells in it. Considering this, rw’s comments about aiming to have full WP done in 12 months does not sound insurmountable.

Agree Gordon, been very few updates on the active wells lately. Apart from the revenue figure shown in latest financial report.

I like your spirit kalter, do keep it up

Interesting wording in this week’s rns “at least 3 workovers”.

“Potential to become largest ccs hub in south east Asia”

Nice to see Synergia mentioned

https://www.rystadenergy.com/news/apac-advances-carbon-capture-and-storage

Yes, most of them involves privately held ones. The one I included the link to was not license farm-out, e.on bought shares in company. Seems they paid 370M NOK, but agree hard to find related figures (£)

JP, any estimate on what you believe ccs farm-out will bring in?

Interesting article, about e.on buying a 25% share of a ccs developer

https://www.eon.com/en/about-us/media/press-release/2022/horisont-energi-and-E.ON-enter-cooperation-agreement.html

Once we start to bring in steady revenue, which we are now a big step closer to, share price will become more stable. Let not forget so is up by 70%ytd.

Warren Buffett once said that it's wise for investors “to be fearful when others are greedy and to be greedy only when others are fearful.”

Gordon, on the positive side the approval did come a lot earlier than 14th Aug. Onwards and upwards.

I know - It does start to feel a bit the sign in many a bar “free beer tomorrow”

Can’t be long now, have a good weekend.

Isn’t that how it often is done? Side meetings, after all we’re talking about the most populous country in the world.

Let’s hope we’re in for another 300% or so climb, as was the case when, oilex at the time, bought out gspc