Member Info for Elegance

Hi DP

C63 and C70 are both off the cards due to past attempt, more likely one of the others, C64, C72 and C73 would be the easiest and most efficient ones to tap in to next as all three of these only require a clean up and artificial lift.

If a rig was on site and it were one of the above three then we could hear about results by the end of this month.

Selan has now contracted a 50 tonne workover rig and workover operations on existing legacy wells will re-commence during June 2025.

I do think Roland knows exactly what is at stake here, I also think he is being played by Selan at this point, lets not forget who Selan are.

Roland would not be going to Indian for just the CCS although that may form part of his trip, he must undoubtably be going to discuss the current work program or lack of, we can only hope that we get an RNS in the next week or so with a major update otherwise I also fear that SYN will see a continued decline in share value.

I have to admit, I am at this point struggling to click "Strong Buy" in the opinion part of the message.

Https://www.londonstockexchange.com/stock/SYN/synergia-energy-ltd/company-page

2:30pm... trade.... and more after hours, looks like its just LSE that's not showing it for some reason.

Think there is a little more in the back ground being bought than we are being shown.

And still I can’t see the larger trades… very naughty holding that back..

Definitely some missing trades from today, I wonder if they will show tomorrow?

There are large trades going through as well, but for some reason they are not showing them…

Did I miss something? Not been on here for a while.

Two x 85 million trades at 11 am today?

Carrot 13 Post 14:09 hrs.. "GW (Qunt) you are a clown, none of the stuff you post is even remotely funny just immature playground stuff I’d expect from a 5 year old or someone with a very low IQ"

and then ..

Carrot at 17:10 hrs More massive smelly 💩💩dumps 💩💩 today, it’s starting to look like a Birmingham side street in here.

I did chuckle to be fair.

Post reported. Belter…

Tax offsets? Licences? Kit on the ground? Money in the bank? If this goes down much further then the jet pump on its own is gonna be valued at more than what the company is.?

I just don’t get how we’re now at £3 million when we have so much potential all be it another waiting game.

I wonder if Roland will reduce his salary down to another 50%

$20 million carry /2 = $10mmilion converted to pounds = 7.7 million plus lets say around £500,000 on hand in the bank.

7.7 million plus .5 million = 8.3 million and we are valued at 3.7 million with the current market cap which gives no value whatsoever for reserves... can you imagine if they can get C77 on full flow whilst stopping the water let alone getting one of the new wells to flow.

Head in hands at Roland increasing his salary to 190k ... 40k increase...that's more than the money he put in to buy shares in the company.

Sprint, top shelf calcs there, sorry I should of course divided by 2 due to Selan.

So if I am then around 10 million and your around 9 million it still begs the question, which well makes the difference? If it’s divided by 2 then be all accounts we would need at least 4 wells producing what the current two are or C63 really pulling a rabbit out of a hat.

Synergia's own website mentions they expected gas production to 8 mmscfd (gross) by year-end 2025, far as I am aware that is 8000MFC at $9 which is $72000 or £58320 per day x 365 days would be 21.3 million pounds.

Haven't taken in to account BOPD or BCPD which would add to that.

Happy for someone to run the calcs and stand corrected if not right.

Question is... which well breaks even when our running costs per year seem to be around 100k per month?

By the looks of it we only need 450MCF to cover costs so if C77H gives 150MCF and C70 also give 150MCF are we looking at results from C63 being the game changer?

Hi Ssccss, not sure this can be classed as a new person when it is the existing CFO? I look at it that he has simply been made a director as well which will I assume incur a small pay rise?

I agree that we are handing out potential pay rises as well as job titles before we have given shareholders increased value.

I wonder how Ashley Kelty from Panmure Gordon is feeling now with his estimated 1p valuation for Synergia this year? ...and we wonder why we have engaged Novum Securities Limited and SP Angel Corporate Finance LLP to act as joint broker..? So many people drinking from the trough, lets hope she fills soon from the resources and not just from a placing further down the line.

We really could do with some decent news from Roland, some real robust detail on whats been achieve by Selan so far and what is expected in the coming months.

Goldwish , so though small trades aren't yours? I swear I thought that was you reducing your average with the profits from Wishbone?

Have we actually had a detailed field plan from Synergia yet? Exactly which wells, exactly what's required to include plant and machinery, what the anticipated dates are starting the program and how long each phase would take on each well before coming live on the grid? I appreciate Selan are leading this but if all we have is the information that 3-6 wells will be worked on, some required work overs and others will require jet pumps and by the way it around Q1 or possibly Q2 and will take around 18 months then that's disappointing?

Goldwish, you mentioned you bought in here previously, what was the price bearing in mind at the time we were on .05 plus to buy? It definitely wasn't sub 0.05p

Whilst a long way off, if not a significant discount then could SYN be seeking compensation for early withdrawal?

Crusty Pete all opinions valid indeed, as I mentioned last week, nearly 1.7 billions shares churned, now 1.9 billion since the RNS and in my opinion the majority of these would have been sells regarding the placing, especial those that were of the value of 250 million shares per trade, no one averages down like that, not even Espen who would have likely trigger yet another TR1 if he had.