Member Info for Conger2

Cambay has has an asset value of 3X times it share cap of the Syn at the moment.

Shares often dont follow the logic...

Just dropped and it is awaesome. :)

It still climing hard.

Give it time Gordon. It has been flagged like crazy but lets what happens.

RNS values Camaby at around $65m USD including bonues.

Which values Syn at at least around .52p a share, at this point, and .36p a share witht out the bonses included.

I dont disagree, but it important to note it was very much sold to us under duress and is not an acurate reflection of its value.

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.

Today 3 hours ago.

Https://twitter.com/Synergiaenergy?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

I going out so sorry for the early post! :)

Good luck everyone, I think it will be a Monday Morning 7.00am RNS myself.

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

No leak it is has been RNS sign posted by the compnay mutiple times in the last 2 months, publically.

Being offered 18.28 for 10m ... This going to 19

Being offered 18p on 5m now.

@ 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!

They just did a 1M placing notice

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