RE: Lots of small trades....9 Dec 2022 23:11
The fundamentals of SYN are the same, it's taking longer than we all thought.
They have proved the methodology and the depleted well is giving good gas flow rates. Gas is being sold along with oil and condensate.
We have a problem with a mile long column of condensate but they have a plan and are getting the bits they need to pump it out. And hopefully selling the condensate. It would be good to know timescales Roland!!!!
My belief is we have get the condensate clear, the farmout talks taking place will fall into place quicker, but we will need sign by GoI. However, I do believe Prime Minister Modi wants a sustainable Indian gas source.
All in all, a good place to be as we head towards 2023, as I say things taking their time.
But, the big but, are the shares that may be dumped in early 2023. Until we get to January we just don't know, and markets hate unknowns.
Gla, dyor