Member Info for dvharrison

I'm now just focusing on the deal itself as GOI approval will be forthcoming sometime this month (imo!).....

· Both Synergia and Selan are focussed on developing the Cambay PSC Eocene gas and gas condensate reservoir which contains independently certified 2P gas reserves of 206 BCF (as at 1 June 2022)

· The joint venture unlocks the path to a full field development of the Cambay PSC with a sophisticated and experienced operator-partner

· In exchange for the 50% interest, Synergia will be carried by Selan through an agreed US$20 million work programme ("WP") comprising 3 new wells focussed on the Eocene reservoir and 3 well work-overs

· The WP is to be completed within 18 months of the later of GoI approval of the WP or the award of contracts for the WP, extendable by a further six months in certain circumstances

· Synergia will receive a cash payment of US$2.5 million immediately following GoI Approval. The Company proposes to apply the proceeds of this cash payment towards working capital purposes.

· Synergia will retain a 50% interest in the Cambay PSC and a 50% share of the future production and revenues.

Another day closer to GOI approval.....

Just for a minute I thought it was 'boom' time. Just the usual CB 'fluff' which unfortunately the market doesn't buy anymore....

Come on MrT, put a positive spin on the RNS to get us excited.....

Looks like a few have taken a view about impending news ( none in the near future) and the Placing price. Don't think it will go sub 0.3p but you never know.....

I suspected a number of short term traders would be attracted to this share in anticipation of a sharp rise in the SP on GOI approval. The SP could easily hit 0.2p+ on the day of this news imo....

Maybe, but my view was approval post election. New Minister in now post and in receipt of all required information. Anytime this month imo...

Why would someone sell 5M shares when we are so close to GOI approval?

Yep, looking forward to seeing this trade above 0.2p on GOI approval. Much higher on decent exporation results...

11.7% down on 2 sells totalling £1300 lol

Minister now in place after the election and approval must be very close. Traders will be all over this in the next couple of weeks imo....

7 May RNS: 'At this time, Synergia believes all the necessary formalities have now been processed for the GOI approval to be issued once Ministerial sign-off has occurred.'

In fact, has anyone got any idea what the BoD has been doing in the past 12 months? Achievements? Any real evidence of any tangible progress across the company to justify their salaries? Perhaps forego them rather than defer payment? Just a thought. An apology to shareholders at the AGM?

Is this the time of year that they wheel out Alan Broome to tells what a great future awaits the company and how undervalued we are. Maybe just use last year's script and change the dates!

What a dire investment!!

'Highly profitable vase case project' according to the company website. Anyone else read the absolute garbage that still remains on the official website. I wonder how the Manners family are feeling about (lack of!) progress at the 'juggernaut'? Laughable if folks weren't losing so much money!

Yep, you just can't believe anything the guy says....

Constant stream of sells every day. We need Harry to deliver some positive news from TK and Saudi.....

Here's hoping for a positive AGM.....

Bline, we maybe need to remind peeps that you buy low and sell high to make money....lol

MMs giving early Xmas present. Gift at these prices....

Even bigger 'bargain' sub 0.4p....

Looks like a few folks are bailing out before the AGM.....

Possible if none of these potential commercial deals come off. The upcoming dilution could be extremely painful!