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Started: Candlestick, Today 08:50
Last post: gordon1237, Today 10:55
Fair enough but my opinion us that the company has no clue about how long it will take. I know it's not an official communication but its now two months since i was told in an email that it was expected very soon. It might be tomorrow or it might be months. The latest loan probably gives them a couple of months breathing space.
Agreed, but they had tempered that by the July Quarterlies I’ve referred to.
In February 2022 Roland said
" The approval of the assignment of GSPC's 55% PI results in the Company enjoying a 100% PI in the Cambay field with its c. 930 BCF of contingent gas resources*. The further development of the Cambay field will be initiated with the planned re-frac of the C-77H well, the results of which will support the drilling of two new wells in Q4 2022 / Q1 2023, subject to funding."
Q4 2022. Lol.
Candlestick. In April 2021 when gspc approved thr sale to Oilex (Syn) they said " The GoI has been kept appropriately informed at all stages of discussions with the aim of securing approvals for the PI transfer in a favourable time frame."
That favourable time frame turned out to be 10 months.
2 weeks until the end of June, so if that is right we should expect Roland heading out to India before the end of the month.
Started: Arsenal221, 14 Jun 2024 15:32
Last post: Arsenal221, 14 Jun 2024 17:40
Agree
Let's hope they can clear this off whatever desk it is on & it is announced via Rns.
Enjoy w/end
exactly what i've been saying ****nal. this is huge for us but tiny for the goi. having said all that it is still baffling how a straightforward approval like this can take so long. both syn snd selan are very well known to the authorities.
Possibly quicker, they just decided to increase coal production to meet the energy demand, think this is the first major announcement of the newly elected government
This GOI is a very, very small cog in a massive wheel of gas that India needs.
So how long would they take over a project X5/10 bigger.
Enjoy
It's getting ridiculous, but what can investors do??
Started: Sausageonstick, 14 Jun 2024 15:22
Last post: Sausageonstick, 14 Jun 2024 15:22
.
Started: gordon1237, 14 Jun 2024 07:32
Last post: SprintRS, 14 Jun 2024 11:33
Yes, so I see Sausage..why bother with a 10p investment. that aside, it's been going crazy over at BOIL with huge rises over the last few days in anticipation of something that I quite honestly can't put my finger on but I have SYN down as a much, much easier technical and financial proposition than BOIL as we're on shore..our time will come hopefully soon.
This month it has been very stable. Down only 2%.
Yeah. Only 20 % down since the beginning of May.
Of course it depends on your starting point. A different day it could be less (or more).
This is the most consistent the sp has ever held while waiting on news. Bodes well as we get closer to GOI approval.
Back to the silly bity buys today I see.
Started: Sausageonstick, 12 Jun 2024 12:56
Last post: Alan2000, 13 Jun 2024 19:08
😂😂😂
Roland’s packing 🦜
Roland’s picking 🦜
“0.002” by Friday 🦜
2000,
My "Roland is off to India soon” count has definitely surpassed my “20p by Friday” count, on the basis I've never said “20p by Friday”. F.wit
Sausage,
You believe he will go?… well we’d have never guessed that 😂 it’s not like you post it 3-4 times a day.
Sounds like you’re starting to test Gordon’s patience with your constant repetitive drivel… and he has the patience of a saint.
I’d wager that your “Roland is off to India soon” drivel count has probably surpassed your “20p by Friday” drivel count.
Never refused to share calumet. 🤞✌
Borsac
Have ticked up few of your posts. As mentioned it was on a general basis.
Good luck
Started: Sausageonstick, 13 Jun 2024 09:56
Last post: haddy68, 13 Jun 2024 10:50
Looks like we are waiting a little longer , hopefully not to long , doesn't mean we will need all of the 400k to tide us over , could need only a few weeks . drop today seems to be people expecting delay. but I'm confident we will get it pretty soon, happy to wait.
*like ( I hate predictive text!!!!!!!!!!!!!)
Certainly feels lime there's a seller still about
Started: Sausageonstick, 12 Jun 2024 12:44
Last post: Mattpr1, 12 Jun 2024 17:52
Unless its the worlds slowest bed
What did that person think was going to happen in 20 minutes?????
Haha, how to lose a grand in 20 minutes. Made me chuckle....
12-Jun-24 10:59:25 0.125 6,466,440 Unknown* 0.11 0.115 £8,083
12-Jun-24 11:20:40 0.11 6,466,440 Unknown* 0.11 0.115 £7,113
Started: CynderLad, 12 Jun 2024 13:38
Last post: CynderLad, 12 Jun 2024 13:38
Be nice to know what the terms are and how much it is likely to cost if it takes 4 weeks, 8 weeks, etc.
But it is so much better than issuing shares, it shows confidence that the GOI approvals are coming v soon.
Be nice to see some director buying now.
Started: dvharrison, 12 Jun 2024 11:08
Last post: dvharrison, 12 Jun 2024 11:53
Yep, I'd figured a fund raise in October in the (unlikely event imo) that GOI JV approval was not forthcoming. Remain confident it will be sorted by the end of next month (with an exploration plan).....
The last £400k loan was RNS'd on the 11 Mar 2024, so pretty much three months ago. This should give us at least another 3 months if needed.
How much time will will 400k give them
'In order to minimise equity dilution for shareholders, the Company has obtained further loan funding from existing investors of GBP400,000 on commercial terms and on an unsecured basis. It is intended the loan funding will be repaid from the abovementioned Selan payment, once received.'
Started: Boris00, 12 Jun 2024 10:38
Last post: dvharrison, 12 Jun 2024 11:12
Just popped up!
Just topped up 10,500,000 not showing! Let’s wait and see how quickly we get news!
Started: Elegance, 12 Jun 2024 09:27
Last post: gordon1237, 12 Jun 2024 10:02
Elegance. Unfortunately, there is very little sign of India being " very keen to push ahead with Selan and Synergia Energy on the Cambay." if the will was there they could have authorised in Roland's few weeks rather than the current 4 months and counting. It's easy to get carried away. This is massive for the company and us shareholders but pretty small for India. Of course " every little helps ", so hopefully not much longer.
Yesterday selan illustrated new Presentation to Institutional Investors/ Analysts , stating: "" 50% Participating Interest Transfer application in progress ""
https://www.bseindia.com/xml-data/corpfiling/AttachLive/ef10c177-0268-47ee-ad36-f474521604f9.pdf page9. patience will pay for all, including you ZagEgypt, you didnt stop following #syn because you are seeing a good potential. imho
Considering after 50 years, the petrodollar ended 3 days ago and no one is really talking about it, India is now paying for oil and gas imports in rupees not in dollars which further stabilizes its economy.
As a result, the US may decide to wage further wars, not only against Russia via Ukraine but if it looses this fight then China on Taiwan will be next.. lets not even go down the Russian fleet as well as submarines circling Cuba right at this moment.
Scary times at the moment, each country will need its own energy source, India is getting ahead of the curve and will be very keen to push ahead with Selan and Synergia Energy on the Cambay.
IMO we will see a huge re-rate on Synergia's share price this year, it will only be the start when the GOI approval lands, if the first well delivers anything like what they are hoping then Panmure Gordans target price could come to fruition.
Started: Elegance, 11 Jun 2024 16:03
Last post: gordon1237, 12 Jun 2024 09:55
Steven. Lol.
Does SYN have a troll pump as well Gordon :)……..
Although I’m guessing it would need a constant maintenance programme.
The jet pump Will be needed to remove the condensate from all the new wells.
PJ. Forget the elections they were and are irrelevant.
We are not concentrating on C77. That will probably be one of the workovers. They will isolate the old zones and hopefully there will be no water from the new zones and the jet pump will remove the condensate. There will be modest production of gas and condensate but nothing like they are hoping for from the new wells where the target is 4 mmscfd for the horizontal well and 2 mmscfd from the two vertical wells.
Selan are the lead operator anf will be paying for and organising the drilling of the first years work programme of 3 wells and 3 workovers. Atb.
Gordon, respect, forgive my ignorance ,I thought we were concentrating on C-77 well, seeing that all the fuss we had getting additional pump etc to site, are we saying it’s not needed anymore.
Will this continue or will we let Selan take over and drill these wells . I’m lost since these elections started.
Your thoughts.
PJ
Started: Sausageonstick, 12 Jun 2024 08:51
Last post: Sausageonstick, 12 Jun 2024 08:51
Once people in India know when this is going to be signed and/or when Roland confirms the dates he's going to India, I think this will begin to move in the 24-48 hours before the JV approval is signed.
Until then I hoping people don't lose interest, sell up and move on. Sp is hanging in the balance, we end up at 0.09p again if no news is forthcoming for weeks on end.
Last post: stevenwest, 12 Jun 2024 01:01
Ps you can see I have some insomnia!!! Lol
Tbh JPP, you could think lot of things that Selan might say or not say lol - I shall leave my mild criticism at that. I’m sure there are lots of activities occurring “behind the scenes”.
It’s only lack of tolerance and impatience that most of us are feeling here where understandably it’s our money they have. I’m desperately trying to remain optimistic, no matter how difficult it is to do so.
Sausage. That was what Panmure Gordon were supposed to do, bring Syn to the notice of Institutions. Total failure.
Certainly can't do any harm..
You'd think they'd drop into conversation Synergia and the JV and all the gas they will soon have access to.
Started: stevenwest, 11 Jun 2024 13:10
Last post: stevenwest, 12 Jun 2024 00:41
Well I guess that’s a slight improvement dvharrison, but not really anything to get excited about at 0.2p, especially when we’ve hit higher on lesser news. But hey ho, who am to make any meaningful prediction?????………
Me too! Can't turn down a 'bag'....
If that's the case dv, I shall be outa here. Gla.
Come back at the end of July and see where the SP is then. I forecast around 0.2p....
Well congratulations everyone. We’ve reached that point that we all expected this week; no change whatsoever!
GLA
Started: Hedgecutter, 11 Jun 2024 21:21
Last post: Hedgecutter, 11 Jun 2024 21:21
Patience is not simply the ability to wait - it's how we behave while we're waiting
https://youtu.be/a6zKohQnFJk?si=iaFqbfjq96BaRw4A
Started: Sausageonstick, 11 Jun 2024 14:12
Last post: Sausageonstick, 11 Jun 2024 14:12
Started: Sausageonstick, 11 Jun 2024 08:08
Last post: Sausageonstick, 11 Jun 2024 13:22
Mobile format is shocking at the best of times. The only benefit of posting a message via your phone is reading the comedy predictive text errors everyone makes.
Mobile
Anyone else lost the monile format?
Sp coming back a litle, still hope this ends the day blue
2 chunky sells took the SP down....
Started: JPP8788, 11 Jun 2024 08:24
Last post: Ssccss, 11 Jun 2024 08:36
He's wearing two watches... Might be able to help syn out with their appalling time keeping lol
Not long to wait! Closed my clon trade this morning just and put the profit in here....
Https://x.com/ANI/status/1800415997008204047
Potentially very big news that. HDP back in office and sat at his desk just under 1 hour ago.
Started: JPP8788, 11 Jun 2024 08:19
Last post: Ssccss, 11 Jun 2024 08:33
The risk/reward ratio for syn is such a gift. Just look at the massive placing discount at He1. AIM is getting crazier and more volatile for inexperienced investors. So many totally fleeced.
Expectation is for Synergia to have a revenue of $60m and a PBT of $40m for FY2025.
Started: pjmcgra, 10 Jun 2024 16:23
Last post: pjmcgra, 10 Jun 2024 16:23
At last India have appointed, previous minister since 2021, Hardeep Singh Puri as minister for petroleum and natural gas (P&NG)fifth
Modi government vowed to be the third largest economy in the world, currently fifth.
Roland get your bags packed ! He must know Mr Puri in previous discussions I'm sure.
Next move to meet Selan partners and broker the approval.
Started: Sausageonstick, 10 Jun 2024 16:17
Last post: Sausageonstick, 10 Jun 2024 16:17
"Synergia believes all the necessary formalities have now been processed for the GOI approval to be issued"
Bring it on Roland !!!!
https://twitter.com/My_Other_Login/status/1800157644185080003
Last post: DaProphet, 10 Jun 2024 15:18
Might have the quill in the ink as we speak!
Got a feeling that tweet isn't far away !!!
4.55% UP now....
Back flat after being down 4%, buys going through at full ask so soon after last rise. I'm not expecting this to end flat today.
Yep, SP looking a bit perky this afternoon....
Started: Sausageonstick, 10 Jun 2024 13:42
Last post: Sausageonstick, 10 Jun 2024 13:42
Has Roland finished packing that suitcase or is post election Ministry of O&G a bit leaky?
Started: Sausageonstick, 10 Jun 2024 08:31
Last post: Sausageonstick, 10 Jun 2024 11:37
Nice £8K buy.
Let's hope we see volume like EUA has received in the last few days soon!
Risk/reward is far better here imho
So many opporunities to trade AIM shares atm. Opportunity to bag here on GOI JV news in the next few weeks....
Let them out while we wait, they may be kicking themselves very soon.