Member Info for gordon1237

Trout. You are entitled to your opinion but no I don't accept that. It's events that have caused the decline in the sp.

Have edited 5 and 6.

Question 5

How much income is expected from the work programme and will it be sufficient to pay for subsequent programmes?

Question 6

Presumably, there will be a big expansion of drilling for subsequent programmes. What can Roland tell us about this?

Question 5 is slightly misphrased. Should have said the current and subsequent programmes.

Sorry Trout. I take your point but I would rather be open about things. I never believe what we say on here influences the sp. It's events that do that. Hopefully others have further queries I haven't covered, Atb. Gla.

Question 12

What are the expectations from the workover in terms of production and income from Syn.

Question 13

Is there any progress with the CCS farm out?

Question 8

Is it still the intention to connect to the high pressure grid, with the consequent higher gas prices when production is sufficient ?

Question 9

Why are meetings still being held to finalise the work programme when it has been 10 months since the jv was agreed and we were told that activities would commence as soon as government approval was received ?

Question 10

Given that the cash payment from Selan is likely to run out in the next few months will the company be conducting a further raise?

Question 11

The share price is now less than a third of when Roland joined the company. When does he expect to deliver some shareholder value ?

Question 4

Given that previous targets for flow rates have never been previously met, how confident is Roland that the current targets will be achieved?

Question 5

Approximately, how much revenue is Syn expecting to receive from the first years work programme? Will this be sufficient to pay Syn's share of the second years programme?

Question 6

Presumably, there will be a big expansion of drilling in the second year? What can Roland tell us about this?

Question 7

In the annual report it says that the workover for c77h will involve increasing the production tube diameter. Since the low production has been said to be caused by water from the old zones, would it not be better to isolate those zones by reinstating the plug ?

Question 1

There had previously been no indication, even in the rns, that the work programme would include vertical wells. Can Roland discuss the reasons for this?

Question 2

The target for vertical wells is 2 mmscfd which seems very high compared to the horizontal wells at 4 mmscfd. Is this realistic?

Question 3

How many fracked zones will there be in a vertical well ?

Ah. Didn't copt everthing. Will try again in chunks.

No problem with that Ssccss.

Question 10

Given that the cash payment from Selan is likely to run out in the next few months will the company be conducting a further raise?

Question 11

The share price is now less than a third of when Roland joined the company. When does he expect to deliver some shareholder value ?

Question 12

What are the expectations from the workover in terms of production and income from Syn.

Question 13

Is there any progress with the CCS farm out?

Obviously not expecting answers to all of those and there will be some he can't answer if it hasn't been in an rns. Hopefully, some things will be clearer.

Kaltersee. The salaries are in the annual report.

Roland is on £150k.

I have submitted 13 questions.

I am not superstitious. Lol.

Excellent news. I have a long list of questions.

Agreed JPP. If we were to reach 2 mmscfd, hakf of that would give us around £300k a month, initially at least. Will it get to that quickly enough to avoid a raise ? Hope so, but I suspect not.

It would be really useful to know what they expect from the workovers but as usual we are in the dark. It would cost next to nothing to keep us better informed.

I have said all along that the only thing that will give us a decent rerate is the new wells hitting targets. Looks like it will be at least this time next year before I will be able to exit. Gla.

Yes Sprint. Totally unkown. Personally I would be pleasantly surprised if the total peak production from the workovers was any more than say 2 mmscfd. Then there is the question of decline which for these old wells may be more than the 30% pa for new wells. Can't find any more detail on c20 but from memory I think it was intended as an oil well and the gas was a by product.

What they are saying is that the target for the end of 2025 for the workovers and 3 new wells is 8 mmscfd which seems reasonable to me.

Should have said those are the c20 numbers.

Sprint. Looks like you are taking figures from the

"Cambay Development Detail & Status" presentation on the website rather than the one that has just come out. That gives what I take to be 3 separate test runs with peak production of 3.8, 2.1 and 1.5 mmscfd. No way can they be added together to give 7.4 mmscfd. No idea what is expected now many years later but I doubt it will be even 1.5 mmscfd. Obviously they expect enough to make the workover worthwhile.

Don't quite follow what you are asking Sprint? I would think the vast majority of the predicted 8 mmscfd at the end of 2025 will be coming from the 3 new wells with a small contribution from the workovers by then.

Lol.