RE: Jet pump artificial lift system started mid August.28 Aug 2023 07:56
Yes Jack, there was never any question of it taking weeks, this is what they said about how long it will take."
" Due to workover rig availability, the re-completion operation is scheduled to commence on July 9th 2023, with an estimated duration of 8 days."
Will be a bit quicker ,as they will, as you said, have done the surface work already. Any announcement on flow rate will depend on how long it takes to stabilise. They will need to satisfy the DGH again,so probably a few weeks.
They did say they had a preferred partner and were negotiating how many wells would be drilled as a free carry. You'd think they would pretty much have ironed the details out and are just 6waiting for flow rate confirmation. Hopefully , the DGH will approve the jv quickly in exchange for Syn going along with their requests. On the meantime they should be able to announce that a deal has been agreed in principle. Might be around early to mid October.
Obviously the sp after the announcement will depend on the terms of the deal. Briana said they were trying to avoid giving up too much. Giving up operatorship should mean a fair bit more in the offer. Atb. Gla.