Member Info for gordon1237

Six weeks since, during the Investor Meet,

It's only six weeks during the Investor Meet that Roland was asked about progress with the CCS farm out. He said that Harbour had indicated their support of the project which had somewhat reduced the urge of the farm out.

It's hard to believe they can just drop out without any compensation but as someone said, it depends on what's in the contracts. Presumably it can only mean greater cash burn.

As long as it comes by Q2 when the new wells are scheduled to start.

Thanks Sprint.

It's 10 degrees here, raining and blowing a hooly.

On that one it would be interesting to know what

" Perforate MBS formation " means. Lets hope it produces a lot of oil.

Lol. Espen.

Way out of my league. This year I got myself a Hyundai Ioniq hybrid. Very pleased with it at 63 mpg.

Can't see it Ssccss. Won't tell you anything useful, just the % votes.

Complete date

Sprint. My point is that there was ample time to decide all of that before the 1st August. Please don't say they wouldn't do it before approval in case it wasn't forthcoming. There was never any question of that. We were told as long ago as January that the work programme had been agreed and Roland previously said that wait for approval wouldn't hold anything up.

The saving grace is that with the kick off date being 1st August the complex date for the programme is end of Jan 2026.

Sprint. The jv commenced on 1st August. By the 8th November they had done preparatory work and were about to begin pressure testing. Not what I'd call " very expedited progress ".

Here's the link to the interview.

https://zakstraderscafe.com/interview-roland-wessel-ceo-synergia-energy/8462/

What Roland actually said in the Sharetalk interview in February this year was " Not necessarily required for Synergia to be doing any more fund raising this year ". I remember think at the time that he wasn't totally ruling it out.

He also said that work programme activities would commence as soon as GOI approval was received.

Candle. Don't think I've ever seen break even numbers mentioned. 4 mmscfd was the number Roland used for " good economics " back in the day when he didn't used to ignore my emails.

I know I keep repeating myself but the workovers, especially the first few, are irrelevant with regard to the potential of the new wells. Roland has always said to be viable a horizontal well needs to produce 4 mmscfd and more recently a vertical well 2 mmscfd.

NS. You are probably right. I'd be pointing all the things that could go wrong.

" This is a great car sir, or it would be if the wheels didn't keep falling off". Lol.

As far as Oilex/ Syn is concerned, I can't recall any significant information ever being revealed at an AGM.

I think the best we can hope for from the workovers is that they will hold the line or maybe a modest rise to maybe 0.07- 0.08. It's the new wells next year that will be make or brake.

Well done Candlestick. That was really brave. From memory the absolute bottom was around 0.06 in December 2020. Most were assuming the company couldn't survive. Then out of the blue came the news that they were trying to buy gspc's share.

Wrong. On both counts. On that pathetic excuse for a boxing match, Paul was actually the betting favourite.

Baffling as the Syn situation is, it ain't a scam. Just a loss of faith in the company.