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At least we now know that the JV didn’t hinge on any raise, seeing it was signed prior to tomorrow’s GM. Onwards and upwards.

Gordon, might be that a company of that size will have the rigs etc., which would significantly reduce the cost for all future wells.

And it beats my expectations by a long mile - well done

Jpp, are they moving the company to UK perhaps, from Australia?

Muck, you’re very right. I’ve been part of the process almost more time than I can remember. I can however very well understand the frustration of many, with moving goalposts on more than one occasion. Fully hope it will soon come to conclusion, to avoid any unnecessary further concerns and uncertainties popping up.

Yes, fully appreciate there is more than one school of thought re this Gordon. I assume it will soon be revealed imminently- pun intended.

I think shareholders need to take some “credit” for this, seeing there has been a lot of pressure out towards them providing frequent updates. Perhaps they should have resisted the push, but hey after all they’ve listened to shareholders.

I do agree re the regular slip on the target dates, this is however common and all part of the game. Hopefully in the end, we will all be pleased, to avoid ambiguity further down the line.

Let’s keep trucking.

I suspect last week there would have been limited access to many Indian o&g gas resources with the Energy Week happening in Goa. From keeping an eye on what was going on, seems it was a very busy event.

Morning, just a small comment on the NET PRESENT VALUE. This was based on the presentation made a while back. We have since been advised there is an “ambitious” drill program being looked at. If that materialises, cash should come in quicker, hence as a result also lead to a higher NPV. Furthermore, if we get lump sum, should lean less interest payments.

Anyhow, lots of assumptions were surely made in the model which we do not know in enough detail.

L2 looking very bullish atm

Agree ssss, and although more long-term, let’s not forget that SYN owns 50% of a major ccs license in the uk, alongside a blue chip. I believe the recent acquisitions, proves the value of it . If a major like adnoc finds it worthwhile buying a 10% only stake from another company to get a small part of such a license, should give some idea that they’re worth a pretty penny.

https://www.rigzone.com/news/adnoc_buys_stake_in_uk_ccs_developer-10-jan-2024-175329-article/#:~:text=Abu%20Dhabi%20National%20Oil%20Co,%2C%20the%20USA%2C%20and%20Norway.

Looks there will be no concern about demand for our gas supplies in years to come - https://x.com/oilandenergy/status/1755268876462416120?s=46

Sure hope so Gordon, might open a special bottle of malt..

Nice holding ikhan, so we can expect a tr-1 tomorrow? That should help to some further upwards traction.

Another blue day it seems. Good to get overhang cleared as best as possible before news drops. Beginning of February is quickly coming to an end.

Nothing goes up in a straight line remember - onwards and upward.

At this rate, we might just exceed yesterday’s 1.1bn shares traded in a day.

>1bn shares traded, a very recent broker note with a target share price of >1.5p - what’s there not to like

Haha elegance, it will all bottom down to what’s in the agreement. What constitutes an ambitious work programme in Roland’s book.

Let’s also not forget that Panmure Gordon has had 7 months or so to line up some institutional investors. One would hope were due an update on this as well, in addition to JV conclusion. Surely a signed JV should help making these investors, that often are risk averse, more willing to get involved with 30+ wells likely to be drilled over the years to come.

Agree c2, that’s certainly my take as well. Just need all signatories tracked down and get it over the line.

As someone mentioned the other day, it would be great if new partner has their own rig that can be deployed. It would save a lot £s and allow more freedom time wise. Obviously with all licenses in place, core site infrastructure there are a lot past effort/costs put in place new partner will benefit from (including licenses, FDP approval, proven methodology..)