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It was literally only oil. When that well was drilled Cambay was seen as an oil play.

Sprint. Don't think the presentation was wrong. I assume the workover has enabled C70 to produce gas rather than Intermittent oil.

Of course existing production must be added to that so maybe a total of £50-60 k per month to Syn which may increase. A good start.

150,000 scf per day at $9 per MCF is $1350 per day.

25 barrels per day at $70 is $1750. So a total of about $3100 a day or $93,000 per month. That's £74,000 per month. SYN'S share about £36000 a month.

Wasn't expecting that. C70 has previously just been an intermittent oil producer. Good news.

Dunno Espen. Perhaps you should check on your fry up in the kitchen ?

Blimey Sausage. What sort of pension do you think I'm on? Lol.

Could currently buy 10 million at 0.0500.

It's amazing how stable the sp is. There's been days with loads of sells and it's not fallen and others with some chunky buys and it's not risen.

IMO. One thing that would give a significant boost is to hear that they have ditched or at least paused UK CCS.

JPP. Agree with you up to a point. The slow rate of progress is frustrating but there's nothing to indicate that it's not in line with what we have been told. We were told that the workovers would commence in October and take about 6 months and that the new wells would start in Q2, so from April onwards.

As you say, the purpose of the workovers is to tide us over until the new wells come on stream. Hopefully that happens quickly enough to avoid a further raise. It would have been better for us if the first new well had been earlier but we are in the hands of Selan who no doubt have there own priorities.

What I would like to see from Synbid more detail on the workovers. What these wells have produced in the past, what they expect from the workover.

Thanks Callum. Yes it is interesting. Great that the UK is leading in this vital technology.

Unfortunately, it makes me feel that Syn are out of their league in trying to get their project gping.

The storage rates are similar. Four million tons per annum in the article and five million for Syn but they are talking in the article of investing billions,

although presumably a pipeline will cost more than transportation by vessel.

Nit convinced that Syn will ever have sufficient cash for this, even with a partner.

Yes Callum. I'm sure it would be interesting if we didn't have to subscribe to read it.

Lol.

" #SYN Workover rig on Cambay C-70 well location"

3 photos.

Very informative.

Wow. Sprint. Biggest ramp we've had on here for a long time!

7/12/23.

One year ago today.

" #SYN Panmure Gordon’s research paper on Synergia Energy can be accessed via your broker. Target share price @ 1.51p "

Hard to know whether to laugh or cry.

You're not alone Sausage. I emailed him about something he said in the Investor Meet and followed it up a couple of times more with zero result.

Sausage. According to the rns of 11th September they have given themselves until the end og March to do the workovers.

" Workover operations are planned to commence in October 2024 and once completed, will be followed by the drilling of two new vertical wells and one new horizontal well. It is anticipated that the workover program will be of approximately 6 months' duration. "

Not exactly in a tearing hurry then.

More like lose, lose, pass the booze. Lol.