New announcement was released to the LSE on Friday. We should receive it first thing Monday morning.
Screenshot below:
A really good initial result IMO.
0.5 mmscfd flow at present with 90% of the fracking solution yet to be removed from the well. So we have 0.5 mmscfd with just 10% of fracking solution recovered. This solution inhibits the gas flow so we should expect a significant upgrade in flow rates in 10-20 days after the remaining solution is removed.
The key now for SYN seems to be to remove all of the fracking solution and see what kind of flow rate is achieved.
I believe UK market (LSE) was up about 10% on this news with limited trading (i believe many trading platforms were still not updated with the new code - so traders had limited access to trade shares).
Great news for SYN. Should be even better news in 10-20 days.
SYN Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
