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Sorry, I stand corrected said the man in the orthopaedic shoes..so the in the case of c20, previous test runs or production from many years ago have been as high as 3.8 mmscfd and 126 bcd? But future production on a worked over c20 is totally unknown...maybe 1.5 if we're lucky? sorry I don't know why I was trying to add them together..

Put it another way...workover of c20, c73 and c77 should be generating $34m in gas and $7m in condensate = $41m in 6 months from workover start so $20.5m to SYN so Q1/Q2 2025 not end of 2025.... I've worked this out from the daily output projection figures they've got in the .ppt so I don't understand where the 6 month gap is nor why condensate sales aren't mentioned in the text but are shown in the map

Well according to the latest presentation, a worked over C20 (alone) shows 7.4 mmscfd PLUS 252 bcd so questions are a) why end of 2025 to get to 8 mmscfd when c20 should be worked over in 6 months and b) why no condensate revenue? c73 should be 1 mmscfd plus 50 bcd and c77 2 mmscfd so a total of 10.4 mmscfd and 302 bcd in 6 months not 12 months

Ok, agree...half of the 8,000 mcf/d = $13M if running 24-7 @ $9mcf...so they said the candidate wells are C-20, C-63, C-64, C-70, C-73 and C-77. These are all workovers not new drill so if we take (say) C-20, C73 and C77 they say it will take 6 months (so why end 2025 first question to get to 8 mmscfd) and the total gas production for all 3 is 10.4 mmscfd and condensate 302 bcpd so that's $34M for the gas and $7.7M for the condensate so 50% to SYN = $20.8M PA...sorry, I just don't get it...either I've messed up my maths or the figures in the Oct 24 report are wrong or at the absolute max peak in x years' time. It mentions C64 as a workover candidate but it's not even shown on the .ppt and C63 and C70 are shown as 'intermittent oil producers'...so many questions now I've looked at it a bit more...

So take the 8mmscfd is all of this SYN's or is 50% of the revenue going to Selan?

I agree re Beancounting..his many posts are almost exclusively negative across multiple companies so I think his strategy is to short minicap companies and try to spread fear amongst investors.

I agree Gordon..surely they wouldn't be investing in CCS unless there was a strong likelyhood of a substantial up front payment as income from CCS is surely 5 to 6 years away. on the bright side we should be getting at least a tweet later in the week confirming WO discussions

Indeed Gordon..we have to pray that the workovers are a) quick and b) very effective. that said, aren't the operational staff transferred to Selan? Will this cut costs?

Yes Candlestick, 31.87% interest rate is just shocking. what the fk is going on? I see the three executives are paying themselves £380k per year so I presume the loan was to help with their salaries.

The figures are in Australian $ so the A$1,069,782 equates to USD 738,149 in cash as of 30th June. The company owes USD 1,637,775 and has borrowings of USD 1,200,588. I read the company lost USD 1,930,972 in the financial year so more finance will be required and it says so in the going concern section.

They keep forgetting that defence inc subs and power systems even exist which are mega businesses in their own right....everything has gone gloriously since tufan took the helm and I'm expecting £6 per share if we get UK SMR

Profitbags and Metalbasher you know perfectly well reporting spod prices is Acker's job so no job snatching please

Indeed, quite sobering

It certainly doesn't look like funding sorted..

TCM = Total Cost Management "A unique element of the TCM process is that it integrates all the steps that an organization must take to deploy its business strategy. This includes monitoring and becoming aware of a performance issue with an asset in its asset portfolio (i.e., capital asset base), to completing a project and delivering a modified or new asset to the company's portfolio"

Arggh..sorry I've screwed my supposed joke up.. a TCM is a TLA = three letter acknormyn.

A TCM is LTA

Hi Diamondman...MTU Friedrichshafen are owed by RR (Power Systems) and their engines Power the Leopard 2 tank and other heavy military vehicles Inc howitzers etc. nothing at all to do with RR cars who are owned by BMW

It sounds like it's going ahead but I would strongly think the work will be given to two contractors..if one isn't RR then it would be the biggest travesty imaginable.

If it's indeed a sell...if he needs the money then no choice I suppose..if its to invest in another rainbow then let's hope he'll be kicking himself in a few weeks' time..still a fair old whack and if a lth you've got to think sold at a loss