Member Info for Conger2

chart lol >>>

There is no where near enough volume in this share for charting to have any meaning what so ever sigh....

@ gordon, did you take up my suggestion of RR as they are taking off now?

Also your Lloyds shares are going nicely these days :)

Synergia Energy Ltd
@Synergiaenergy
·
20m
#SYN Roland Wessel has just returned from India and a full RNS will be released early next week to summarise the successful visit with key India stakeholders and potential farmees.

Synergia Energy Ltd
@Synergiaenergy
·
20m
The loan announced this morning is for general working capital requirements pending the finalisation of a Cambay farm out. #SYN

So no care for the LTH again, effectively giving away 10% of the company for 1/2 price.

Where are our options?

Not a happy bunny, this just keeps giving.

With a New CEO they will put every cost they can into these accounts to clear out the potential bad news as he can blame it all on his predecessor. All new CEOs / CFOs do it, as once done they spend the next 3 years holding back costs in the Balance sheet to improve the Profit and Loss posted net profit. So am expecting as has been forecast low profits and lot of writing down to P/L of assets and the providing for Costs in the balance sheet. It will be a very cautious set of accounts.

Two accountants can look at the same accounts and come up with perfectly justifiable but different profit levels and neither will be wrong, i know i am one with decades of experience.

My feeling is we will get an update on Friday, but it will be a holding re the JV.

Briana said to me he was having meetings for the next 7 days on the 14th... So that is the 15th to 22nd.

Not really expecting any messages yet tbh the meetings are still happening.

I suspect a significant boosting RNS will drop in the next 7 days, which could push these into the 50s again, 3-4 times up from here, is not unreasonable. With the right JV deal this could make such a massive jump, to get over £100m share cap.

Just don't expect it first think Monday, India is bound to throw in a curve ball!

More of redeployment than a firing.

"Rolls-Royce confirmed the move but added: “[Cholerton] remains with Rolls-Royce and is moving to become group president, working with our chief executive and the rest of the executive team."

https://www.thetimes.co.uk/article/shake-up-at-rolls-royce-as-new-boss-tufan-erginbilgic-makes-his-mark-2thw9zndc

On Tuesday, Briana told me Roland would be in India for the next 7 days and soon as she has a business update from India she will send out a RNS so i would not expect anything until next week at best tbh.

Would be amazing to see these in the 40s or 50s again.

Certainly possible with a good JV deal.

"Sorry Gordon, but you have been quiet all week, and now we are on the last trading day before Roland flies out, you are very loud on this board with generally negative vibes .. It does suggest you have an agenda.. Im not saying you do, im just saying the timing is quite suspicious ..."

I have shared this board for many years and he is often a bit negative or as he will say realistic! ... don't read anything into it is just the way he works trying to post in a balanced fair way. :)

You keep going Gordon :)

Why would he bother he is given plenty of shares for free risk free by us....

I think it a bit naive to think he will also risk his own money...

He would argue he is risking his reputation which in his eyes is worth much more.

Was Huggy Bear your street contact ... man...

These tiny movements are not really worth fussing over the company is sitting on an asset worth up to100 times it current valuation.

A conservative estimate could put this share at over 1p as a reasonable valuation, with Cambay a proven 100% gas rights owned gas field on its books.

The other issue will be is it there 50% cost funded or the total! lol

I kinda hoping it is $20m USD as that would value Cambay at $40m or so about 7 times current share cap...

My take on with conversations with joe, a few year meant Cambay was a round a $50m value. So ti does sort fit ball park wise.

7 X bagger from here would be a result we would all like on JV deal and maybe seems reasonable.

Anyone have an idea of the cost of two new wells approximately please?
As they are looking to raise enough from the 50% of Cambay fund that, from one of the answers Gordon got from Roland.

Congratulations Sausageonstick... Do you know what flavour?

15 sticks i have over 300....