Member Info for Elegance

Ssccss can only assume it has something to do with the average price over the last 50 days or something prior to the recent rise.

Tweets containing the words "successful trip to india" and "Pending the FINALISATION of a Cambay farm out" are heart warming.

I stand corrected.. early sell? Only just showed up on L2... Share price holding at 13 to buy

blimey

If 95% of the company is currently worth .0015 and 5% of the company has just been potentially sold at .0008. Then as the mean average, the share price should actually not drop below 14.65, unless that is the market makers are trying to create a tree shake.

This cash allows the company to negotiate terms without being in a weak position, with an R.N. S on both the carbon capture storage and a joint venture Shareholders should feel the only way is up so if there’s anything more and has been said below perhaps five or 10% drop, then it is certainly a buying opportunity. Bear in mind the 5% been purchased by a long-term holder that currently holds 17% they clearly feel comfortable spending the money , so don’t moan if the share price drops a little, this could be a buying opportunity same as they have done.

650 K loan facility

Let us not forget the CCS update.

Should see continued building of the share price this week, placing last year was done at .2p and several of us bought in between .2 and .3p so sticky fingers from long term holders still wanting to make a profit.

Add the above to new investors, RNS on both CCS and JV on the Cambay and we really should be seeing .5 plus all be it with a few tree shakes along the way.

I do like slide seven of nine “field trip is always useful before sign off”

Just shows how far we’ve come and have a very close we are..

6 monthly graph when we had no news 0.17p, 9 months ago when there was but a sniff of getting rid of GSPC 0.3p…

RNS on CCS? £?
RNS on solving condensate? £?
RNS on JV with a blue chip company? £?

Lots to hold on here for.

Lots of investors bought in between 0.2 and 0.3 hoping for 0.4+ And so I don’t expect anyone who’s been a long-term holder to sell considering we are in a far better place now

To post images of Roland on site with other workers.

Regular updates via twitter or other means “news on the synergies website” stating discussions are finally being held with JV and CCS companies.

If we are to hear nothing then this will be an opportunity missed. The fact the company posted that “Roland was heading for India yesterday” bodes well for future news inflow.

Strap yourselves in for lift off.

Espens link - https://www.indiaenergyweek.com/

Zag - Roland Wessel is due to travel to India early February to meet potential farmee companies and key CCS stakeholders. Several blue chip companies are interested in farming into the Cambay PSC.

Espen made a good point that it might be in time for the Indian Oil and Gas convention, he has a link to it on a previous post, I think it was end of next week?

I could believe an RNS about condensate removal and even an update on volumes/flow rates but I am not sure RW would deliver an RNS prior to meeting several blue chip companies out in India that are interested in doing a farm in, I mean, imagine if we had the potential for several offers being made... a bidding war, would you jump the gun and agree first? I don't think so, but I bet he has solved the condensate issue hence the trip.

Just tried a dummy bey and got a price of 0.084 for 5k so yet again most of these so called sells are actually buys.

The 0.081s to 0.085s were sells but the 0.087s were buys regardless of the half way between 0.085 and 0.09. I know this as I tired several times on Friday afternoon to buy and was always offered 0.087.

So on the basis on the above information, did the small proportion of sells vs buys really warrant a 10% drop in share price? Doubtful, more likely that MMs are creating a market.

News will come, 22January today, not long till February when news will come.

Hands up, total mistake on my behalf as I misseead the Twitter message, thinking it was three not several, no porkypies, happy to admit mistake.

Back to the message below, I do wonder who those blue-chip companies are.

Looking through a couple of blue-chip companies in India in the sector and noted this one.

I’m not for one minute, suggesting this is one of the three, but, it does match with its suggestion of investment.

Reliance Industries Ltd.

Reliance Industries is India’s largest company. The company is primarily engaged in the business of oil exploration, refining of petroleum and marketing & distribution of the same along with operations in petrochemicals. Reliance has diversified further by foraying into the retail, telecom and technology space with Reliance Retail and Reliance Jio, respectively. With all the businesses combined, the company pulled in revenues of over Rs. 6.98 crores in FY212. A majority of the company's cash flows come from the oil sector, but it has been aggressive in diversifying into companies that may help it achieve rapid growth and utilize its size in the proper sequence while mitigating the risks associated with the oil business. The company has rolled out its 5G services under Reliance Jio Infocomm. Apart from this, it has been focusing on its Retail business under Reliance Retail. It has made a couple of acquisitions under the brands such as that if Campa Cola and Independence. The company has plans to achieve carbon neutrality by 2035 thereby focusing on diversifying across energy and other industries while continuing to invest in the oil business. 2022 witnessed high volatility in the prices of oil globally due to which the Return ratios have been suppressed yet reporting a 9.5% RoCE. It has also successfully become net debt free which is positive as peers are usually more debt laden at the given scale. The company currently has an EV/EBITDA of 13.8 and a PE ratio of 26.4x which values the company fairly given the efficiency in the oil business vs. peers. The company announced that it will invest Rs. 75,000 crores in its New Energy business over the next three years. The stock is expected to offer diverse growth opportunities over the long term. Along with this, the company has Reliance Jio and Reliance Retail among other digital investments which have been effectively contributing to the margins and growth of the company. Reliance has also successfully raised about Rs. 2 trillion by Jio stake sale, BP stake sale and a rights issue, which helped in making the company net debt free back in 2020.

Just because today it lifted 60% up, remember why you are here.
Personally, I have been invested for a few years now and have watched this go down and down and down but, I’ve been here for the long term and now I can definitely see this turning. Synergia Energy have a plan and if it’s true that the condensate has been removed or is about to be removed and we have three blue-chip companies ready to invest then the last thing I am going to do is sell at a loss.

I am so looking forward to the news over the next month or two, if that be the case and I’m very much looking forward to being in profit.

Who buys trades for £10, £30? very odd