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They’ve done 2 workovers and now nothing is happening until March. 🤔

So the main drills are going to be end of Q2 then 🙄

The 4, 111, 111 trade is a buy.

Currently not allowing any sells at 0.05p, feels like a really big background sell being worked through at around 0.05p.

My expectation is that once this is cleared, we should bounce.

It came through earlier - 25m sell, which dropped the price.

Price action looks like there’s a big delayed sell about to land 😢

Wow, you’re now actually making stuff up.

Reported

I think you mean 30 minutes on Thursday plus all of Friday to react?

Not sure Gordon will have that info (think you might be a little obsessed with him 😂)

Right, gotcha.

It was just when you said it needed to be 4MM to be viable, happy to see that’s not the case. 👍

Gordon, I thought he said 4MM was the target, not that it was the break even number.

3MMscf/day with 30% decline gives 1.5MMscf/day as an average over 5 years (with the condensate average at 78 bpd).

That will generate over USD$16m in that 5-year window, or over $3m/year. That must be a commercial number?

If we can get horizontal Wells producing just 3MMSCF per day (with the expected 150 BOPD of condensate), that will bring in US$6.5 million per year, net to Synergia.

Any kind of positive progress with the work covers will start to see people buying back in on potential.

I guess anyone buying now is buying on the potential of the workovers providing potential for the main drilling program

Carrot, I might have agreed with you except for the fact that it’s Selan who are doing the drilling and they’ve put $20m USD into this for a 50% stake.

Best of luck - I’ve added a further 9m at 0.05p over the last couple of days, so my bloodstream is full of hopium, waiting for some positive news on the workover projects.

I remember buying at 0.078p back in 2021 (missed the absolute bottom), just before it rocketed up to 0.45p.

This is similar (though we won’t get near those numbers again), as we’re on the cusp of a continuous news flow now, with all of the bad news now out the way 🤞🤞

I would be surprised if we’re not at least double this by end of Jan.

“Andrew joined Getech Group plc to establish its new finance team, and subsequently joined their board in 2018, where he was instrumental in several acquisitions and placings for Getech.”

Synergia Energy Ltd - Change of Directors #SYN @Synergiaenergy https://www.voxmarkets.co.uk/rns/announcement/ffbc980a-1465-4286-9e52-daa753942334 #voxmarkets undefined

I don’t recall them mentioning the additional £140k borrowing this summer. I also don’t know why they have received $2.5m and still have £448k outstanding from the loans, at an interest rate of 31.87%. Seems crazy, unless they can’t afford to pay it back now without raising funds

“This receipt of the initial cash payment from the closing of the Cambay farm-out agreement (net of withholding taxes) enabled the Group to repay the first tranche of its short-term borrowings (which was obtained in March 2024) on 11 September 2024. The repayment was £566,000, which was based on principal of £400,000 plus interest of £166,000. The second and third tranches of the short-term borrowings, totalling £340,000 plus interest, remain outstanding at the date of this report. The balance outstanding of those loans at the date of this report is £448,358.“

😂

Anybody buying around 0.1p is going to do well from here. Limited downside imo

Yes, I get that. What I don’t get is that you posted 10 mins after that, saying there were more sells on the way, “stand by for them to be reported”.

Wondering where you’re getting this from?

Where are you seeing this? Just a hunch?

Something the size of 4m, I would have said it was a worked sell. But genuinely no idea with that one, you’d have thought it would have been at each end of the spread for buys or sells, you’d have expected it to be delayed.

Another little trick to keep us guessing, maybe? The reason I’m thinking worked sell is because of how difficult it was for the sp to move up and how quickly it dropped on only 1.2m of sells