Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Oilex were going threttenig to tigger a breach of the JV from none payment of costs by GSPC, whihc could have ended up with there 55% being handed over to US for free.
But nothing in certain especially in India courts, and Joe was pragmatic and found away to settle it all.
GSPC also owed "Oilex" as they were called then a lot of money in the JV, i am not sure they just wanted shot of it is the right term.
There was a legal battle and arbitration and GSPC were ordered/agreed to the sell Cambay which they failed too do, rapidlly running out of time the only buyer on the table left was "OilEX" now Synergia.
So they were kinda forced in the end to sell to us at significant discount, the only reaon they werre paid anything was to save face in my view.
Value of camaby around £60m baseline UKP has been my view for years, and i have had the view agreed as resonbale in a conversation i had with Joe the at time MD and now Chariman a good few years ago.
Https://twitter.com/Synergiaenergy?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Honest anserr no one knows, but i ahve tracked this years and years and think Camnaby is worth about £60m therefore this should be about 0.6p but it all depends on what they value 50% hoping for a £30m + deal.
So I think the share price should be 2-4 times from here.
But what do I know? lol
@ gordon
https://www.lse.co.uk/rns/SYN/cambay-farm-out-and-funding-arrangements-tvr-50x1ky00l492pti.html
6.5K vistors have seen the last twitter post.
https://twitter.com/Synergiaenergy/status/1754821739517784188
This is so primed!
Feb 7 2024.
https://timesofindia.indiatimes.com/india/india-to-see-67-billion-investments-in-gas-sector-in-5-6-years-pm-modi/articleshow/107457106.cms?from=mdr
18 Dec 2023
https://www.synergiaenergy.com/sites/synergia-energy-ltd/files/documents/documents-downloads/20231218%20RNS%20Cambay%20Farm%20Out%20%20C-77H%20Update%20FINAL.pdf
31 Jan 2024
https://twitter.com/Synergiaenergy/status/1752636963679559803/photo/1
Feb 6th 2024
https://twitter.com/Synergiaenergy/status/1754821739517784188
Project overiew
https://timesofindia.indiatimes.com/india/india-to-see-67-billion-investments-in-gas-sector-in-5-6-years-pm-modi/articleshow/107457106.cms?from=mdr