Synergia Energy Share Discussion Threads

[neversatisfied] 28/9/2022 12:31

Good job it wasn't a duff well FFS

[arlington chetwynd talbott] 28/9/2022 09:06

Yes, "several months" does raise the spectre of funding. This is one for the patient, but this is not a patient market. But if the EWT demonstrates real stability, that should help.

[geoffmanana] 28/9/2022 08:58

I can't believe after all these months they haven't identified possible JV partners, and that bothers me.
In the meantime the share price is falling, which doesn't help with raising yet more money.

[arlington chetwynd talbott] 27/9/2022 23:43

No - they are telling us that the "farm-out process is anticipated to take several months in order to identify a JV partner...".

[steveberyl] 27/9/2022 17:42

Just a bit more patience, JV announcement could come at anytime, when it does, those who are out will need to pay a premium.

A top quality partner will make that Premium, mega. GLA

[arlington chetwynd talbott] 27/9/2022 17:32

But it is almost always better to travel than to arrive on AIM. Still, that level could easily be regained if and when the JV is confirmed.

[arlington chetwynd talbott] 27/9/2022 15:34

Why crazy? It is modest production. Flags up what should be possible with a JV, but that JV needs to come into view to really get this one going, IMO.

[neversatisfied] 27/9/2022 15:00

This is a crazy reaction to a superb rns. Hold and wait GLA.

[arlington chetwynd talbott] 27/9/2022 14:59

It is news and it is okay but it is not the catalyst SYN needs - it is just a step on the way there.

[cool hand kev] 27/9/2022 14:38

News hasn't sunk in has it? :-(

[arlington chetwynd talbott] 27/9/2022 13:34

The real catalyst here will be the emergence of a JV partner. Patience may be required.

[geoffmanana] 27/9/2022 12:46

At last some good news.

[ashleyjv] 27/9/2022 12:42

ynergia Energy Ltd (the "Company" or "Synergia") is pleased to announce the following update with respect to its Cambay India operations.

Cambay India - C-77H workover

The re-installation of the production tubing was completed on September 22(nd) and the well placed back on flow in order to clean out the fluids in the well bore and residual frac fluids. Between September 23(rd) and 26(th) , significant volumes of fluid were recovered and the well placed back on production through the C-73 production facility. As of September 27, production settings have been optimised, and the well is producing at a steady rate of 150,000 scfd from the two reperforated zones and being placed on extended test.

Following the workover and detailed analysis of frac and reservoir performance, it is believed that new wells incorporating 12-24 perforated zones will achieve greater than 4 mmscfd production rates which will provide robust field development economics, strengthening the Company's ability to secure a partner for full field development. The target Eocene gas reservoir has significant lateral extent and vertical thickness (up to 90m), features that lend the Eocene to a multi-horizontal well development program. The field development program calls for a series of horizontal wells to be drilled and fracked from multiple common drilling pads which will facilitate the tie-in to a common production, processing and export facility located on the C-73 drilling site.

Cambay Farm out

As previously announced, supported by the workover results of C-77H, Synergia plan to farm out up to 50% of the Cambay PSC and have selected their advisors for this process who have extensive knowledge of the Indian oil and gas industry as well as a global reach and excellent success-based track record. The farm-out process is anticipated to take several months in order to identify a JV partner to assist in the full field development and monetisation of the c. 1 TCF of gas resources on the Cambay field.

For and on behalf of Synergia Energy Ltd

Roland Wessel

CEO

[arlington chetwynd talbott] 27/9/2022 12:32

Decent enough result - I guess the market was anticipating a problem of some kind - not unreasonable with these kind of operations.

[ashleyjv] 26/9/2022 07:11

Blackhorse has spammed every site

[blackhorse23] 26/9/2022 00:09

Switching to MCL (LSE) , high profitability , excellent value

[bigpecs] 22/9/2022 08:03

Did a small buy and they show it as a sell wtf

[bigpecs] 21/9/2022 06:35

SYN rns out all good in the hood everyone with the Christmas tree installed and nitrogen on standby to remove any final frac fluid over the next 24 hours. let's hope we get some good volume and a bit more movement upwards .. GLA

[geoffmanana] 20/9/2022 10:31

A small rise.....something could be stirring. Always been a leaky company re news updates.

[neversatisfied] 20/9/2022 10:30

Few more buys coming in. Maybe a 2pm update.

[neversatisfied] 20/9/2022 10:00

Got to be an update soon. Hopefully frac fluid out and gas pressure rising. GLA!

[bigpecs] 16/9/2022 16:04

Tuesday would be good straight after the bank holiday .. fingers crossed hey

[ashleyjv] 16/9/2022 13:36

Guessing some sort of news next week

[neversatisfied] 15/9/2022 15:26

The coded 1 buy. Hmm news tonight maybe.