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Cox. It also seemed imminent in the rns on 22nd January.
" Progress has also been made on the farm out agreement and joint operating agreement and the Company and the Farminee are aiming to execute these agreements before the end of January 2024."
Just had it confirmed by Briana that " the following week " means this week.
Amar. I can understand why you would think that but the phrase " over the following week " means in the current week. That is by Friday.
Yeah, just like last week and the week before that.
How many more opportunities do we need?
Well, I managed to convince myself it would be today. That'll teach me not to be so optimistic.
Couldn't make it up. Pathetic.
Oilgarch. You are right it doesn't really matter if it's a few more days as long ad it happens.
Your potted history of Roland's time at Syn is a little inaccurate.
The 100 % ownership of Cambay and funding of the acquisition was achieved before Roland joined the company in June 2021.
The refrac was organised and funded under his tenure. As for selecting and sourcing the pump they outsourcef all of that.
Of course none of that, we all hope, will matter on a few days.
So obviously, early in the year is mid June. Lol.
My money's on tomorrow.
Nice one VF. Lol.
Ray. It means " Good luck all ". Just a polite way of wishing fellow holders, but I suppose to be honest, primarily ourselves, good fortune. Gla.
Ssccss. I suppose early February iz a vague term but to me the 12th certainly doesn't qualify. I mean it's 3 days from the mid point.
I guess we all have different ideas as to what might be in the deal. May include other infrastructure as well as a couple of wells and a cash number in the low millions. Gla.
Who knows sausage ? If that rns drops at 7.0 am as expected, all bets are off.
Wolf spouting his usual twaddle. I never said anything about anything going wrong. All the profit figures I gave are the company's own not mine . I am hugely positive that those are sufficient for a good rerate. Cant wait for Monday.
Gla.
Yes Espen, we don't know what ambitious means.
The production numbers in the presentation indicate maybe 2 wells in the first year. If ambitious means more than that, they would get the gas out quicker and that would increase profits. As you say, we need to know the details
Elegance. When Syn took over gspc's share of Cambay they also as part of the deal acquired their share of the total loss pool which stood at $125 million. That number was in effect why gspc wanted out. It will, of course, have gone up a bit since then.
I'm expecting maybe a miilion or two. Would be fantastic if it was say 5 million.
Should have added that the calculated profits include the condensate value which is considerable.
BTW. Syn are currently receiving a gas price of around $8.57 per MCF (thousand cubic feet ) That is the low pressure price. When the production goes above a certain level, from memory about 10 mmscfd, they can connect to the high pressure system where they would currently get $15 per MCF. This is the number they use in the profit calculations.
The profit calculations are based on the wells achieving 4 mmscfd. The also give an upside case for 6 mmscfd. This could mean they need fewer wells and increase profits further.
Infinity. Contingent resources are by definition those that could in theory be recovered but not considered to be commercially recoverable. The recoverable gas is the 206 bcf you mentioned which is still huge.
The potential profits are indicated in last year's presentation. The profit for a 10 well model is given as around 58 million usd. They say 30+ wells will needed to recover all the 206 bcf. So we are looking at maybe 200 million usd in total. Should be more than enough for a big rerate here.
Can't wait for Monday. Surely can't be much longer. Gla.
If you are going to tell porkies you should make it credible. If he'd taken a zero off wr might have believed him.
I would imagine it's already written and they are just waiting for signatures. Gla.