Member Info for Elegance

Zag, bless you, I am not about to open my portfolio on this board, the point I am making is that if you have lost 13k, are down talking the share that you hold whilst it’s on the cusp of potentially receiving a JV from a blue chip company that could be life changing for its shareholders, then the advise of buy lower vs hold might not be the advise I would choose.

It was only a week ago when thinking of a valuation that we were taking in to account the millions of debt that SYN had inherited which they will be able to off set against tax on any profits.

If this proven method of extraction works using the jet pump then it will all be down to flow rates as I would assume everything else has been estimated/forecast, god knows those waiting in the wings have had enough time now to do their own due diligence.

Zag… great advice there from a man/woman that’s lost 13k.

Good morning Gordon.

Whilst I think your sums would be correct below in working out what the value would be for the two Wells, surely this amount would be added to the current share value though? As it is in addition to what money and value SYN already have. That would mean the proposed share price being 0.3p or just short of. though.

I do hope that private investors are not naive enough to think that it will take until the beginning of September for the share price to move drastically, news won’t just appear on the day, there are always loose lips on site, even if it’s from the labourer or the top management, market makers, always get to know before we do, there will be hints of flow rates and news will leak.

I would keep an eye on the trades over the next couple of weeks

Quite right eagle, 0.8p… but:

When a blue company is waiting in the wings with a potential JV on offer.

When the plugs have been milled out and they have successfully removed the condensate.

When there is more money in the bank all be it with more shares

When the jet pump (on site) is due to be connected in two weeks or so.

To much of the unknown has been eliminated, we are now on the up.

Can’t see this dropping much lower.

Why unearth do you think it would get to .10 when the likes of Republic are buying placing shares at .11, they would only be topping up sub .11, so doubt very much that would get anywhere near that especially with the jet pump being installed within the next two weeks or so. Crikey… I’ll even top up at sub .11

Good point regarding the 40 million worth of losses to offset against future profits.

I’m pretty sure that once you have 20% of the company shares, you definitely get a seat at the table in the boardroom when decisions are to be made.

I’m still waiting to see if Espen has reached 5% so he can at least get a peek through the door

Not that I have a conspiracy theory, but.. Is there something more than just finance going on here?

If Republic Investment are currently on 16% and then splash out £350,000 for more shares just what percentage are they now holding and does that make them in a key position if there’s a takeover? Let alone a JV? What’s to say the blue chip doesn’t want a slice of SYN?

I really do not understand why someone would choose now to sell SYN shares?

Kits all on site, we have waited for this moment...

Well previously producing gas

Production tubing and plugs removed

Jet pump soon to be installed - proven technology!

6 wells, all be it 2 potentially damaged to be flowed from the jet pump

Current share price is very low considering everything that we have to gain

Blue chip company already signalled interest via an RNS in doing a joint venture based on the flow rates

Potential for other blue chip companies to make a bid

Indian government potentially on board with SYN with funding to promote other wells as recently reported

Look...Don't take some chaps personal opinion on a chat board.. Rather, read the RNS where it states a blue chip company is interested in doing a JV with SYN and we are literally about to flow using a jet pump.

Not a chance that I am selling.

What's not to like?

All progressing nicely

Gordon, you might be right and I’m certainly not arguing otherwise, I do question though, once that huge column of condensate has been removed, would they not test it to see if the volume of gas coming out is enough to bring with it the continued smaller amount of constant condensate which is then removed by a separator at surface level? I assumed this would be tested to see if it were possible as we might not need to factor in a continued use of jet pump on every well? I guess it all depends on flow rates and or, if flow rates are vastly improved using it then it pays for it self to have one.

At one stage they must have thought this possible otherwise a jet pump would have been factored in to the original field plan?

To state “installation of jet pump has now resulted in successful removal of condensate column, jet pump now disconnected. Well is now free flowing from 6 separate zones and will update on flow rates once a steady rate has been found”.

I would presume that the above description or something similar would come first, prior to then the next RNS which would detailed down the improved rates with the jet pump reconnected.

My reasoning behind, this is the very fact that they have managed to clear the column of condensate, and the successful removal of the plugs without any problems is worthy of an R.N.S IMO.

Let’s not forget, that column of gas condensate is worth money, that will be an additional injection of revenue straight away, as well as continued revenue stream, depending on how much is produced

Desree, that's how I read it.

If the work over rig is deployed to the nearby C-19z oil well to conduct a de-waxing operation lasting approximately 5 days. then its taken back to the C-77H well, then presume the baseline is only approximately 5 days in length prior to the jet pump being installed? Or maybe I have miss read something?

A direct comparison will at least give evidence to the jet pump capabilities under these conditions.

The fact that Roland is working with the DGH can only be a good thing, can't see how he could avoid their requests anyway.

So jet pump installation likely during the week of the 24th July?

Rig on site 12th

Work over commence 14th

Mill out bridge plugs and insert production tubing 3 - 4 days? - 17th - plus five working days and weekend perhaps the 24th July.

Wonder what the length of time is to install jet pump?

Also questionable what affect the jet pump will have on those sections where the refrac was previously done.

I think if news were tweeted of its arrival it wouldn't need to rise dramatically, small rises with stability as we near the completion stage and JV are much better in my opinion.

Surely you are not suggesting they should do interviews etc just for the pump arriving?

Interview:

Gordon: So Roland.... Pump arrived?

Roland: Yep...

Interview ends...

Interview:

Elegance: So Roland... I hear the jet pump may have arrived? Can you tell us more about the potential for the Cambay? What your expecting in terms of flow rates once the column of condensate has been removed? Can you remind us just how many wells could be created of the central well and the total flow rates? In terms of cash flow, what would be the estimated returns based on today gas prices? If you could remind us just how much resources you think the Cambay holds in terms retrievable gas supply?

Appreciate you can't say too much in terms of the potential up and coming JV but what would be your ideal scenario in terms of a blue chip company coming on board? ideally how many wells would you be looking to do a JV on? Any more news on advising the Gov of Indian on Carbon Capture Storage?

There's likely hundreds of questions that could be asked of Roland right now to remind the invested of whats happening, and for those new investors educate them.

I do understand your point of view Gordon, as a scientist you works on facts and not necessarily potential and whilst you have done a lot of research you have those facts, but not everyone is a scientist or has completed that level of research and so for Roland to do these interview before the JV can only increase the level of interest right now, he could then do a follow up interview after, hopefully with even better news.

Look at it this way... an event is about to happen, do you want to advertise about the event and have a full house or just a few that already know about it.

Just my opinion.

Zag, Regardless of whether the pump is already on it's way (personally I think it is) Synergia only have 33 working days left to carry out the re-operation due to commence on July 9th 2023, with an estimated duration of 8 days and hook up electrical works, piping hook-up all due to be completed by July 17th following the pump installation so they have no time to waste.

If SYN do not use promotional interviews, twitter photos and feeds as well as the mandatory RNS's for news which could affect the share price then I see this as a lost opportunity for which Roland should be held account for.

Promotional information is key at this point, we have a lot of positive news coming and Synergia need to do all they can to share this over the next few weeks.

Exactly what I said at the beginning of this thread, , new buyers won't get a look in once this starts to rise. if your in sub .15 id say that its nailed on to double in the next 30 days.

Jet pump literally any day on site, condensate column removed in next 30 days, hopefully a re-rate on gas delivered to surface, Joint Venture with blue chip company, its all looking extremely good...

Oh.. I do hope we have a bidding war :)

.15p on the ask, small trades of 5 million will see this jump North and as we have seen in the past, PI’s will be locked out on the climb, lots happening in the next 30 days.