Member Info for gordon1237

Hi PW. You are right. The board is a bit obsessed at the moment.
Not sure when Quint has posted any good information. Must have missed that.
I do think Syn has a decent chance of coming good at some point. Just very frustrated by the endless delays, some outside their control, some self inflicted.
Cambay is my priority. Any returns from CCS are too many years down the line. Atb.

Interesting ASV. Thanks for the explanation.

Fair enough VF. Agree it is boring. Will just say I am 99.99% certain I didn't imagine it. It would be nice if Jasper came on and maybe confirmed he did say it and if nothing comes by tomorrow just say he was misinformed or whatever. Nuff said.

Vf. Jasper definitely did post that he had been told that there would be an rns by the end of the week. He didn't say (or know?) what it was about.
Hard to understand why that would be removed by Lse. Is it possible to remove your own posts? How?

For what it's worth, I definitely remember Jasper saying, he had been told there would be an rns this week. Still a couple of days left.

By that reasoning, if you are starving and someone gives you half a slice of bread, that is a 100% better. Lol.

Yes Eagle,I am aware of all the previous delays and dashed expectations. I should be after 8 years. I am trying to be optimistic and hoping that " This time it's different". Roland seems to have pinned his reputation on it all being viable, so let's wait and see.

Hi Dicko. C77h was originally fracked with 4 zones, only one of which they now believe was properly fracked. They sealed off the 4 original zones and refracked with 2 zones in the heel of the well. There is no room for any more zones, so it is never going to get to 4 mmscfd. It might well stabilise at, or increase a bit from the 0.5 mmscfd they got immediately after the original refrac.
As, I think we both agree on, it's the new wells that matter. I'm no expert, but I suspect that if you incrse the zones too much, the amount per zone might drop off. To that end once they have drilled a well or two, they may optimise the number of zones to achieve the desired target flow. Atb.

Yes VF. That's right. You could even say mathematically speaking it's infinity % improvement as any number divided by zero is infinity.
Any % improvement to 77h is irrelevant to the new wells. That well was poorly fracked and partly depleted and as you rightly keep saying was just used to validate the new methodology.
If you look at the graph in the presentation it shows production after 1 year at about 7 mmscfd, presumably from 2 to 3 Wells, which allowing for the decline pretty much ties in with a starting point of around 4 mmscfd per well.
Really, all I was saying was, we should base any calculations on what the company is saying. If it all comes to pass, it is plenty good enough. Anything extra us a bonus. Gla.

Hi Dicko. Where are you getting this 80% improvement from? The company have repeatedly said the target for robust economics is 4 mmscfd and that is what the wells and the economic model is based on. Atb.

Thanks for your calculations Dicko. However, It seems that you are making more optimistic assumptions than the company itself. We don't need to do that as the companies own numbers as given in the investor presentation give a robust economic model.
They are based on an initial production of 4 mmscfd with a decline rate of 40 %. It's not impossible that could be exceeded but lets assume that's the case.
It's true that once they connect to the high pressure line they will get $40 per mcf. However that is once total production exceeds 10 mmscfd. If you look at the graph in the presentation you can see that wont be until more than a year into the field development. So until then presumably it will stay around $8.57 per mcf.
So what can we expect from the first well?
At $8.57 per mcf and 4 mmscfd we get around $34,300 per day. From the numbers in the presentation that 4 mmscfd should give about 160 bopd, which at $80 per barrel is $12,800 per day. So that is a total of $47,000 per day or $1.4 million per month. Pretty impressive for one well.
Of course, once they do connect to the high pressure grid the numbers become much closer to your estimate.
$40 per mcf, gives $160,000 per day. With the condensate that's $173,000 per day or $5.2 million per month per well, initially.
The graph in the presentation shows that for 10 wells production peaks at 25 mmscfd and almost 1000 bopd after 3 years. Of course, If all goes well, more wells will start in that 3 years and those peaks should be much higher.
Let's hope the potential jv's grasp the opportunity and we get news soon. Atb. Gla.

Hilarious. Not. Yet again some idiot pretending to be me by changing 1237 to 1236. Pathetic.

Zag. I didn't think so until this company Tweet on the 9th March.
" The farm out decision is not contingent on the C-77H pump installation – jet pumps are proven technology on thousands of wells."

Up 7%. Only another 100% and I'll get my money back. COL. (cry out loud).

Not sure if that would be a good thing Jasper. If we are down to one that would preclude any bidding war. Unless, of course, we are down to one because they have the best bid.

Personally, I think anything over 0.20 or preferably 0.30 would be a blessing. If only!

Jasper. I guess the final value will depend on how many actually bid after doing due diligence etc. We know there are at least several who have reached that stage. If there are still at least a couple left who bid, that might add a decent cash element to the two wells free carry, that Roland said he was hoping for. No way of knowing until the rns drops.

I will however comment on factual matters.
Pretty wild. Nice as that government CCS funding would be, it is irrelevant to SYN. They have stated they wish to proceed on a purely commercial basis without government grants.

Please give it a rest, people. It's all very tedious. Just agree to differ and give the rest of us a break. For what it's worth, I see posts on here every day which I disagree with but nowadays see little point in commenting as it just leads to hours of tit for tat arguments. Gla.

15%. All hands to the pumps! Let's hope it presages something significant. Gla.