Member Info for Elegance

Dealer agree not much selling but if you take a look at the 6 months chart there is something appearing if you believe all that. Time for a cup of tea.

If the point of a placing is to raise as much money for a company, surely as a director Roland would wait until he achieves a higher price such as when the JV partner has drilled the well/ wells?

It may well be that the JV partner has requested that synergy energy at least have the facility to raise as part of the contract which doesn't necessarily mean that a placing would take place immediately.

We have sufficient funds at the moment and are on a free carry for the next 12 months of drilling .

Either way this is going higher as news about the JV is about to drop.

So either an MM taking a slice, an inside job at Cairn or that blasted bloke Espen trying to get further ahead of the rest of us.

I'm near on done now with my £400 pound worth.. GLALTH

They have literally just lifted the bid, £5000 now at .167 to impy all previous were sells but all day up until 15.45 the buy was around .163 so lots of buys today, some quite chunky at 12 million a throw.

Pretty sure a little steak is cooking here, there were several orders this morning in double digit millions, 11 and 12 and several of these below along the way, written down as sells when its showing 16 to sell and 17 on the bid but each time I have done a dummy buy its been around .163 to purchase so these are in fact all buys...

Can only presume once who ever has loaded up we may then move up.

3:24 PM 0.1638 4054341

2:50 PM 0.1628 4000000

12:10:01 0.164 3522835

For goodness sake, nearly 3 weeks ago, we were told 48 hours, Roland must be extremely frustrated with this.

Just how far back are we going when it comes to partial or full reimbursement for exploration costs? this has been mentioned that we are to receive sums associated with this? I thought we might be lucky to get 1 million or so but wonder now just what the full costs have been for SYN, how far we are going back and as a percentage what have the new partner been willing to pay?

It dates back to 2006, possibly even further?

Between 2006 and 2011, the Company conducted an extensive work programme in the contract area, including 3D seismic, five wells and a study to evaluate the application of shale gas technology to the Eocene reservoirs. Netherland Sewell & Associates, Inc. (NSAI), conducted an independent assessment in 2011 which identified significant Contingent and Prospective Resources.

Cambay-73 was originally drilled in 2008 as a vertical well with a single stage fracture stimulation. During an extended production test in 2012 it had a peak production rate of 1MMscfd and 23.5 bbls of condensate.

In 2014, Synergia Energy completed the Cambay-77H horizontal well, achieving significant progress in delivering the following proof of concept objectives:

In April 2022, production from the C-73 and C77H wells was resumed after a hiatus of several years with production being co-mingled through the C-73 production facility. A gas sales contract was executed in April 2022 to market gas to the local low-pressure grid system.

Following the resumption of production in April 2022 and the increase of the Company's working interest in the Cambay PSC to 100% pursuant to the GSPC WI acquisition, a review of Synergia Energy's reserve and resource position was conducted by an independent reserves auditor (RISC). This has resulted in the return of 206 BCP of gas and 8 mmbbls of condensate to the 2P reserves category from Contingent Resources.

Great week all, still a long way for this one to climb yet though.

RNS's still being produced all the way up until 18:30 this evening, got to admit when CYN produced an RNS this afternoon I did have to do a double take at the ticker.

MM.s happy to take 10 million but cant buy 500000

Game on Monday

NT cant buy...

Bob, if it puts you mind at rest over the weekend, that's fair enough, some of us thrive on the stress :)

Your comment on the media over the weekend is a valid one though so I stand corrected.

.2p by close today without an RNS.

There still time for it to drop though...

,18 paid already.

Its irrelevant whether the RNS lands after hours today or first thing Monday... it's coming.

Already today from .14 to .18 on no news, can you imagine if that RNS contains what we are hoping for?

You have all seen it... when this goes in to auction, you will have no chance of getting in sub .2 possibly not even sub .3

.18 on the bid, last chance at these rate prior to .2

RNS is coming.

Roland was clearly of the assumption that the RNS was imminent, 48hrs and stated so, to then tweet later that it was due early February gave him a little leg room but I still believe he felt this was imminent, with that in mind, I am going for an RNS early this afternoon.

Between 0.3 - 0.5 is nailed on with a JV RNS.

I'm going to suggest .1 for each well so if two wells are funded plus lump sum we are around .37 if we get 4 wells id suggest around the .5 mark, if we get more than 4 wells I may actually need to go and lay down for a bit.

All pie in the sky till we see the detail.

Candle, I can’t see how they would be asked to stump up money when there are on a free carry for the first 12 months from GOI sign off, this has been stated.

Anyone not in this prior to the JV is mental, you have been advised.

RNS could drop at any moment.

Gordon, I politely disagree. Now that the trades have finally appeared (one was mine so I knew it was concealed) Google has finally show the share price at .17 which is .8 of a percent down, I tend to use the last trade as the share price regardless of it being a buy or a sell, if we take the bid and sell and find the mid point that can be a false medium in my view as the mms manipulate both of these figure as well as the spread. Just my thoughts.

Friday tomorrow… I do hope we see a very very detailed RNS.

Rayvon if you read the related RNS, they are asking if the can have the right to increase the amount of shares they may use for a placing in the future at any point this year should it be required, currently there is no requirement with funds already available to them, add to that - they may well receive money as part of the JV,.

Gordon, its wasn't down three percent, they are not showing you the full info, barely 1% down, last trade was for .1665 which is near as damn it the opening price at .1675