Member Info for gordon1237

My top up looked like a good move for about 2 days.

Yes Infor. That's near enough. Nowhere near break even, which is why they had to raise.

Whatever the exact dynamics, the column height has increased and the flow rate hasn't, so the solution hasn't worked as expected. As we both have said ut emphasises what a crappy decision it was ti open up the old zones. It seems the jv has accepted it wont be an issue with the new wells.

NS. Agree that c77h flow rates now seem largely irrelevant. However, it seems very surprising that the jet pump appears not to be able to cope with the water production from the old zones with the gas flow much the same as before the jet pump installation. The new wells in virgin rock should be a whole different ball game.

Infor. The revenue stream is more like a tenth of that, around $50 k a month. If it had been what you said they wouldn't have needed to raise.

By which time it will have taken 18 months.

Quite honestly, after all this time, I was expecting an announcement with a lot more detail as to what had been agreed in principle and a decent rise. At least it looks like they are committed to getting it over the line in 90 days.

Got to say that in spite of the lack of detail, I'm surprised that there hasn't been some sort of rise.

It is one step closer.

Definition.

" Heads of terms are an agreement in principle between two parties, but which are subject to a formal contract. A heads of terms document sets out the key commercial principles which the parties have discussed during their negotiations and which they intend will form the basis of a future, more detailed contract."

So after all this time they are still thrashing out tylhe details.

They won't/can't mention it until it's a done deal.

Really, the only thing we know now that we didn't before is that there will definitely be a cash payment of some sort. Don't somehow think it will cover the previous losses on Cambay but even say a million will be very welcome.

I guess it also confirms once and for all,the irrelevance of the c77h flow rates, what with them being so dismal.

0.0812 to buy and 0.0765 to sell. Real spread about 6 %. Oh well what's a few more month.

Even though it's light onvdetail you'd still think this warrants a decent increase. Looks like the wait goes on.

Thanks Elegance. Very strange that it was implied by Syn to be easily available via our brokers.

Don't believe this. It's down !!!

Elegance. Didn't you say you had requested a copy of the Panmure Gordon report ?

Lump sum on apprival !!!

Looking good.

Same to you and everyone else Steven. You notice each passing year a bit more keenly once you get to a certain age. Atb. Gla.

Yep. It was only Wednesday I mentioned it.

" Interesting

13 Dec 2023 10:43

Situation with the share options from the February convertible loan. The loan can be converted into around 850 million shares from about now until March. However, the conversion price is 0.08 pence, slightly higher than the current price. So does that mean the conversion won't be made and Syn will have to repay the loan ? Of course Republic and other participants may have little choice to convert as they may have forward sold with the SP being much higher in February."

Not sure how it explains the trade at 0.07 though.

Memory must be going. Forgot about this in spite of only mentioning it recently. Lol.

Much more likely to be some of the options from the February convertible loan which had an exercise price of 0.08p. The exercise date was moved from November to about now. There were about 850 million options in total.