Member Info for CrustyPete

Sorry that first post should have read 1.3288p - my "3" is sticking!! ;0)

Still can't get a price for 200k to sell.

Really?? I just had no offer for a 200k sale! And could buy as much as I wanted at 1.288p. Lots of trades going through at 1.288p - all BUYS methinks?

"They are trying to become independent from wintershall"

That's a good point Ssccss - they ought at least to be making contingency plans for that eventuality; there is no guarantee that Wintershall will want to support the CCS project.

I would be buying more here at these levels given some meaningful liquidity. Hope the sp stays where it is for a while to allow for top slicing elsewhere.

And increased income from the three workovers from end of the year; assuming they are successful of course.

Where have all the BLUE trades gone?! Struggling with momentum here despite an possible ground breaking RNS dropping at any moment.... disappointing. Come on Friday, that'll bring the FOMO! ;0)

Exactly Gordon, exactly...

So carrot where oh where do you get any evidence that today's sales are being forward sold? Even assuming ALL sells today were forward sold placing shares (which the are manifestly not) that would account for about £75k by value.

Some bloody placing eh?!

Total twaddle.

Surely just having received the $2.5 million there is no immediate need for another cap raise in the short term? particularly with their now moving Operational staff to Selan; that will cut overheads significantly?

If it were to happen DP I am pretty sure some would have an explanation for it - "Market Maker manipulation" no doubt!! ;0)

Wow, I never expected to see that but I managed to pick up another small tranche of 3 million at 0.1225p - my lowest price yet and lowering my average. I thought I would be paying up for them!

Thanks Gordon, that was what I was searching for.

absolutely agree on the 50% equation but roland was suggesting that the workovers and the three new drill's would fund the ongoing exploration and development activity for the ffd - but how can they say that without some expectation on what that initial programme is likely to deliver? or is it simply a question of "**** or bust"? will the workovers give us enough cash flow to wipe the co's backside for the next 18 months?

I agree, this ought to trigger a change in sentiment with the market now expecting progress to be made in a timely and efficient manner and in a relatively short timescale. That might give the sp a bit of an uplift in the short term BUT any uplift is likely only to be maintained if Selan can be seen to deliver on Roland's promises....

I was a little disappointed that in the interview Roland was still more than a little guarded about definitive short term timescales for the workover of the initial three wells; none of us are any the wiser about when we can look forward to some new operational activity.

A question that he was not asked and I cannot seem to find an answer to - do we know what the expectations for the outcome of the workovers is expecting to yield? What is the potential uplift in production from these workovers? Now tat we have our interests diluted by the farm -out how much better off, if at all, will SYN and shareholders be after (successful) completion of the work programme? Or are we working on vague assumptions?

All pretty much as expected but nothing that will move the dial methinks?

Out of interest have the company put out any forecasts as to how much of an improvement in production they are hoping for in the forthcoming workovers?

We need it just to break the 100 million mark for shares traded - one of the lowest values for some time.

I hoe you are right McNol.

We are now relying on an after hours UT trade to close in the Blue - bugger...

If we were to have an RNS in the morning RJ I think we would have seen it in the sp by now.... or maybe that's simply wishful thinking - I would have expected to see the sp higher before that TD news, particularly if it is to come with the new Helium data..

Bugger, it seems the sp is falling away into the close.... will we get a Blue day at last? It's 50:50 at best now methinks....

Chesh it seems that we are not going to see 1.30p by the close I am afraid to say... :-(