Synergia Energy Share Discussion Threads

[bigpecs] 09/2/2023 12:35

Have this gut feeling with what we have ahead of us SYN will be my best share of 2023 such a huge upside GLA

[cool hand kev] 08/2/2023 21:57

From the October quarterly update;

The Government of India ("GOI") continues to provide practical assistance and encouragement for the development of indigenous hydrocarbon production. In October 2022 the GOI announced an increase in domestic gas sales price from c. $6.1 / MCF to c. $8.57/MCF. High gas demand, strengthening prices and GOI encouragement make the Company's c. 1 TCF Cambay gas and gas condensate field an increasingly valuable asset.

The establishment of a steady (plateau) gas production from the two re-fracced zones on the C-77H gives the Company encouragement to launch a farm out process for up to 50% of the Cambay PSC. A recognised advisory firm has been engaged to manage the farm out process and the Company expects results over the next 3 to 6 months. The aim of the farm out process is to identify a suitable joint venture partner to assist in a full field development of the Cambay field commencing in 2023 with the drilling of new horizontal wells.

[georgeo1] 08/2/2023 13:46

All this energy reliance, we have it all here at home in the UK.

[cool hand kev] 08/2/2023 11:59

Ticking up soon MM’s have little stock left IMO

[georgeo1] 08/2/2023 11:51

https://twitter.com/Synergiaenergy/status/1622557911460331522?t=IhbVs-JgOlOC7skNouKHcA&s=09

[georgeo1] 08/2/2023 11:49

Roland Wessel is travelling to India on the 13th February for meetings with DGH, potential farmees and potential CCS stakeholders. #SYNFrom twitter feed.

[cool hand kev] 06/2/2023 12:03

10 million buy on the back of the last SYN Tweet. Roland visiting India next week hopefully to sign up a JV partner.

[josephrobert] 01/2/2023 21:54

Thought it would be worth me chipping in the discussion following this RNS

Firstly an intial echo of the surprise from the other board that the company hadn't released an RNS to state that the pumps with Viton may not work with high contents of aromatic compounds a lot earlier. It may explain why the share price is at such depressed level if the information is known, but the systematic approach hadn't go to the point where the information needed to be released. I would have thought people in the industry would have worked this possibility based on the composition of the condensate and artifical lift options available as soon as the loading occured if not before - after all loading happened in 2014.

When I first read the RNS, I wondered if they were saying that if they cannot use Viton whether this project is going to be economic - after all what exactly does 'long-term full field development implications' mean? Can the project be projected to make sufficent returns or not to attract a JV partner? It certainly looks like all metal PCPs are not going to help attract a JV partner. Anyway we can't work that out from the RNS and can only wait and see - but in the meantime I find serious RNS's like this are worth thinking through based on the information we have so far just to get our heads round them and become less emotional about them at the same time.


So firstly can they use Viton with that condensate? Well to help us work out if that is possible we can see that on the other board, lastoftheSummer provided a webpage which shows what chemicals react to Vitron:



Combine that with this webpage on face value it looks promising that there won't be a problem:




These aromatic hydrocarbons mostly end with an 'ene' so copy, paste and search for 'ene' in the first webpage and it looks like, on face value, that it won't cause a problem. Obviously the particular conditions of pressure temperature other chemicals may alter the result and may explain why the degree of aromatic content may affect the
failure rate.

These webpages may help explain a bit more

- (Viton is a Fluoroelastomer).

[cool hand kev] 01/2/2023 21:23

Hmmm I’ve experienced soft metal seals such as copper or similar but I’m sure that they know what they’re doing 🤔

[arlington chetwynd talbott] 01/2/2023 17:42

The all metal option sounds like it has significant potential - perhaps they should just cut straight to that rather than pursue something that could easily turn out to be a dead end.

[zen12] 01/2/2023 12:36

It's a potential solution but no guarantees it's going to work, keep it real fellaWe have been working with the preferred PCP supplier, PCM, to identify an artificial lift solution for the C-77H well which can be applied to future new wells in a full field development programme.The Cambay condensate has a high aromatic content which is not compatible with the standard nitrile rubber stators incorporated in conventional PCP pumps. PCM have a range of elastomer options for the stator lining, including FKM 204 (also known as Viton) which has been proven to be tolerant to an aromatic content of up to 10%. Further testing is required to ascertain whether Viton-lined stators will tolerate the Cambay condensate aromatic content of 40%.As an alternative, the Company is evaluating the use of PCM's all metal PCP which eliminates the aromatics issue but at a significantly higher cost and longer lead time.

[o92mlboa] 01/2/2023 11:31

Anybody know if they use hydrogen like fuelcell or cmg cleantech? Would they be a better buy than those listed above?

[neversatisfied] 01/2/2023 10:46

Concentrate on this sentence The well is currently producing c. 200,000 SCFD. The production is being inhibited by the c. 1500m column of gas condensate in the wellbore.Imagine the SCFD if they successfully remove the condensate.

[geoffmanana] 01/2/2023 09:22

There is always something.

[bigpecs] 01/2/2023 09:00

This will come very good in my opinion it's just time and patience that's all gla

[arlington chetwynd talbott] 01/2/2023 07:40

That RNS says deferred gratification to me. Could be worse though - at least there is a solution.

[cool hand kev] 31/1/2023 21:17

Spirit Energy, the joint venture energy company of Centrica plc and Stadtwerke München GmbH (SWM), has confirmed its plan to convert its depleted South Morecambe and North Morecambe gas fields and Barrow Terminals into a world-class carbon storage cluster.

The plans will provide a carbon storage solution for the UK’s industrial heartlands and is set to be one of the biggest carbon storage and hydrogen production clusters in the UK.

Perhaps we might hear something soon.

[bigpecs] 30/1/2023 12:28

Definitely not the time to be selling as February is knocking on the door

[cool hand kev] 30/1/2023 11:48

Hopefully get to 0.12 soon

[arlington chetwynd talbott] 30/1/2023 11:41

Here we go again.

[cool hand kev] 28/1/2023 22:23

So how much is 1T CF of gas worth? I’ve googled it and it’s between 3 to 9 billion 🤔

[cool hand kev] 26/1/2023 13:49

I believe that the UK CCS news is due first which could be worth millions?

[georgeo1] 26/1/2023 12:58

Anytime now in early February

[georgeo1] 26/1/2023 12:58

Waiting fir Roland to bring back some news from Cambay CCS scheme.

[bigpecs] 26/1/2023 11:44

This is so cheap and the next big riser when the news starts flowing in GLA hold those golden tickets Roland will deliver