Synergia Energy Share Discussion Threads

[cool hand kev] 12/9/2022 17:29

Cheap as chips 🍟 at this price. Fill ya boots 🥾 before flow rates are announced shortly

[bullrun1] 12/9/2022 14:21

Followed by a JV funding rns.. lol

[neversatisfied] 12/9/2022 13:54

Hopefully lol

[bigpecs] 12/9/2022 13:49

Or hopefully one just saying run for cover it's a gusher lol GLA

[neversatisfied] 12/9/2022 13:15

Will we get a late rns stating tubing installed, fracc fluid coming out nicely gas pressure growing

[steveberyl] 11/9/2022 09:02

Companies such as, SYN, are going to get massive funds injected to ensure the fracking measures to produce the Gas requirements of the World are met, Quickly.

Right time, right place. NCYT/Covid Springs to mind.

[ashleyjv] 06/9/2022 09:23

C-77H Update

The Company has contracted a workover rig from Aakash Exploration Services Ltd for mobilisation to the Cambay C-77H wellsite on 12 September 2022. The primary operation will be to re-install the production tubing but additional tasks will be to remove the frac tree and re-install the production Christmas tree.

It is anticipated that the re-installation of the production tubing will enhance the well clean up and provide representative gas flow rate evaluation.


Notes
The Christmas tree is a piece of equipment that provides flow control on a producing oil or gas well. Christmas trees are a vertical assembly of valves with gauges and chokes that allow for adjustments in flow control as well as injections to stimulate production

[bullrun1] 02/9/2022 11:52

Another pointless post, have you got nothing better to do..

[bigpecs] 30/8/2022 08:20

Sooner the better GLA keep the faith

[geoffmanana] 30/8/2022 07:59

An update can't be far away now.

[steveberyl] 22/8/2022 11:10

Appreciate your expertise, post 89

[geoffmanana] 22/8/2022 10:25

Thank you as always josephrobert.

[josephrobert] 22/8/2022 09:02

So to summarise:

The company has assessed it has a Frac that works - that has enabled them to put the for sale sign up. If that is the case, then the only impediment to success is that the
gas moves from the higher pressure reservior to the lower pressure areas around the perforations and horizontal section and even lower pressure area at the surface.

At the moment the frac water is reducing the gas flow

Reinstalling the 2 3/8" production tubing should allow the frac water to be removed. That will reduce the pressure at the bottom of the well and allow more gas to flow from the reservior.

[josephrobert] 20/8/2022 16:53

geoffmanana - 18 Aug '22 - 08:28 - 79 of 87 - What's your interpretation of the RNS please josephrobert?

This RNS makes sense and makes sense of the last two updates.

Firstly a recap on the previous RNSs:

29/07 - The plugs were milled sometime between then and the last update on the 27/07, i.e. That returned 10% in 1 to 2 days - ie 10% pd if it took one day or 5% pd if it took 2 days. The flow was 'around' 0.5mmscfd.

08/08 - 10 days later a further 40% was returned, ie 4% pd and the flow was 'upto' 0.5mmscfd.

Guidance was 10-20 days to get the clean up done, but we can see the frac water appeared to be returned at a lower rate towards the end of the half way point at the lowest end of the company's expectations, ie 10 of 20 days. That meant it would be expected to take longer than 20 days if the rate of return continued to decline. The other part was what could be taken as a decline in the production rate ie from 'around' to below 0.5mmscfd. Both are clearly not what the model suggested which was a rapid build up to 2mmscfd.

The company's solution (as mentioned in the RNS 08/08 they were going to make a change) is to change from a 4 1/2" to a 2 3/8" diameter. In other words the diameter of the pipe is too large and needs to be changed to a smaller diameter. The smaller the pipe diameter the easier it is for the gas to push the frac water out - think of blowing water through a straw vs a drainpipe. This means the model has not predicted the correct size.

The model based it's predictions on the amount of gas flow and the amount of liquid produced ie frac water returned / condensate / oil produced (or theoretically formation water); 0.5mmscfd is not enough to return the frac water (there's no mention so far of the rest) fast enough before it causes problems .

As the frac water is not being returned fast enough there is buidup of liquid around the perforations i.e. and the casing increasing the bottom hole pressure, this inhibits the gas from the formation which continues to reduce the speed of frac water return and so on. This is called 'liquid loading'.

If the gas rate is not enough then it makes sense to see what affects it:

Pressure, Velocity, Diameter (as well as temperature, how much the gas can be compressed by)

So OK good, the company has suggested a smaller diameter, they have not said there is a problem with the pressure, so that leaves velocity. Velocity is made up of the friction between the liquid and the gas, as well as the gas and liquid density which I think we are safe to put to one side for now.

[josephrobert] 20/8/2022 07:04

The poster tries to justify his actions as he has used his 'analysis and judgement' which is not to 'provide misinformation'.

Clearly there is merit of not taking RNSs on face value, but to see them on there own merits with analysis, evaluation and conclusions. It also means not following the company blindly or believing that as RW has worked on projects that have done well before then it means that SYN will work out. Any person who got burnt in 2014 in OEX will see the merit in that.

However in this case unfortunately I see little merit.

[josephrobert] 20/8/2022 06:31

The guy asks 2 questions, which the posters don't answer.

Why isn't the frac water figure announced in the RNS 18/08 - answer - there is no material change to the RNS 08/08

Why is a narrow tube being installed - because the frac water isn't coming out as quickly as it should be.

[josephrobert] 20/8/2022 06:26

I see on the other board that there is one poster stating multiple times that there is water (ie formation water not frac water) coming from the reservoir without anything that I can see to back it up. Other posters are getting upset but haven't mentioned what has happened before in this area:




-- On the basis of the recent laboratory analysis, the water being recovered is frac water. To date, no aquifer has been identified nor has any gas-water contact (GWC) or oil-water contact (OWC) been intersected in the 39 well penetrations of the Y zone Eocene reservoir section within the Cambay PSC.

[bigpecs] 19/8/2022 10:47

Another top up for me while it's still low and happy to keep adding. Roland must be working his nuts off to bring this home and give us shareholders excellent value GLA

[supercity] 19/8/2022 07:08

Some chunky options at 50 percent higher than todays price - just need the directors to work their magic on the share price now to enable them to use them.

[ashleyjv] 18/8/2022 09:54

It looks to me like a months delay for payday

[bigpecs] 18/8/2022 09:40

And patience will pay off the impatient will hopefully kick themselves.. GLA

[geoffmanana] 18/8/2022 08:44

So more patience is needed.

[geoffmanana] 18/8/2022 08:28

What's your interpretation of the RNS please josephrobert?