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It will be interesting to see how both investors and the market reacts once approval lands, there will be those that sell into the rise, but the MMs will likely use that time whilst holding shares to re-rate the stock increasing the value of what they hold, and undoubtedly there will be further rises and lows as news flows about wells being drilled and potential flow rates.

Some ridiculed Espen this week about the potential rise of 300%, I once held a stock at 1p which went to 11p within a matter of 5 days based on the potential of oil being found, no facts, just share market driven, if SYN, get an institutional investor interested, the share price will go through the roof.

Ssccss you take everything on here with a pinch of salt unless it can be back up with evidence to links etc, for example some were even suggesting a placing might be on the cards last night but that clearly isn't the case when we have been able to secure funding at commercial rates from existing investors which will likely see us through the next 3 months well after we receive the 2.5 million dollars from Selan.

12 mins in, Hardeep Singh Puri and the DGH burning the midnight oil to increase gas exploration and production from 10% to 16% in the sedimentary areas (Cambay basin) by the end of 2024.

GOI JV sign off inbound in my opinion this week.

Delighted to speak at Urja Varta 2024, a platform for thoughtful discussions on how to increase Exploration & Production in India.

I wonder if this was where Roland was?

https://www.facebook.com/HardeepSPuri/videos/delighted-to-speak-at-urja-varta-2024-a-platform-for-thoughtful-discussions-on-h/1003448871506495/

7 minutes in, he is all for India and the consumer giving affordability and availability, not to follow some doctoring of just "net zero". I wish he was our minister for energy.

If I see a rise to nearly .16 and then a drop to .124 I’ll take another 1k today as I know we will surpass .16 in a heart beat after that RNS drops.

I’m sorry but…

I wouldn’t wanna be out of this one over the weekend, I really wouldn’t.

Someone’s got to say it.

Gordon

It’ll happen… Now, when it does… then there’s the excitement! Several will sell on GOI sign off, but I think the clever ones will hold with a re-rate due and then we are in the hands of Selan, I have to say it, a far far more experienced company in the region than what we are and they will be as keen as us to start the drilling program.

And you know… you know…. there’s gonna be a hell of a rise in anticipation of those first flow rates with that jet pump attached.

Gordon, if you’ve been here for nine years, then you should be the one here with the most patients, just a little longer old friend.

Gordon the reason for the rise is as you say, many thought the GOI sign off RNS would arrive during Roland’s visit.

Are you stating that it won’t arrive whilst he’s there?

Cmon Gordon, I don’t want to start dragging you into conversations where you will find it difficult to answer the question, but you are almost stating that it won’t arrive and that’s not fair, the fact of the matter is nobody knows but excitement has built on the increased potential that it will arrive soon and that could very well be whilst he’s there.

We are in a good position, slightly frustrating I know, but still in a good position.

Thanks, Gordon, which means it’s three times more likely to land any minute than 19 days ago.

Nothings changed, it’s still a very strong buy, share price giving a last opportunity for those to jump in, I do chuckle when people advertise that “they sold yesterday” only when the price has dropped, had it risen today I doubt they would’ve posted a message saying “Missed out on that one”…

7% drop on a 40% rise chill out.. the rise has been for a reason.

Trader, Gordon knows this for a fact as he’s likely asked Briana “when will we receive GOI sign off” and Briana has simply said “we don’t know” of course they don’t know for a fact but it’s likely when your told imminent that it won’t be long, it’s not likely that they are going to respond to Gordon saying, “ alright Gord, cheers for the email, it’s signed of on Thursday pm so fill your boots before we RNS it Friday morning, mines a bottle of Bacardi”…

She’s definitely buying Selan… Synergia being in a farm out with Selan my appear to be an attractive opportunity.

With GOI sign off “imminent” I wonder if this will see a flood of international investor buys once it’s official?

https://m.economictimes.com/markets/stocks/news/dolly-khanna-raises-stake-in-smallcap-multibagger-selan-exploration-technology/articleshow/111578796.cms

We see substantial newsflow in the coming months that should allow for a re-rating of the shares. We reiterate our BUY recommendation and maintain TP of 0.93p.

https://www.synergiaenergy.com/sites/synergia-energy-ltd/files/syns%20150324%20interims%5B73%5D.pdf

Wolf, take a look at his calculations again, you’re missing the fact he’s x by his own share holding.

Re-read his post and you’ll see what he’s doing.

Considering after 50 years, the petrodollar ended 3 days ago and no one is really talking about it, India is now paying for oil and gas imports in rupees not in dollars which further stabilizes its economy.

As a result, the US may decide to wage further wars, not only against Russia via Ukraine but if it looses this fight then China on Taiwan will be next.. lets not even go down the Russian fleet as well as submarines circling Cuba right at this moment.

Scary times at the moment, each country will need its own energy source, India is getting ahead of the curve and will be very keen to push ahead with Selan and Synergia Energy on the Cambay.

IMO we will see a huge re-rate on Synergia's share price this year, it will only be the start when the GOI approval lands, if the first well delivers anything like what they are hoping then Panmure Gordans target price could come to fruition.

Gordon, I could see a hell of an amount of momentum leading up to production rates being produce by the experienced explorer and producer Selan.

I do look forward to seeing the production well plan.

If we are looking at what is likely to be a 12 month program, 18 month at the outside, I wonder how long we are looking for the initial first well? 3 to 4 months from GOI approval? Any guesses

50% sale of the C.C.S. license should bring in more money to our bank account at a much faster rate than having to wait for funding from the government. Very happy with that RNS

LOL, point taken, I will check the spelling after dictation before pressing send 😉

Glad they could bring a bit of positivity to the board 🤣