Member Info for gordon1237

Might as well use a crystal ball. Lol.

It took me a few minute to find this posted by Jasper on 16th March.

" I will repeat again. SYN are in the process of a JV farm with potential partners following their CEO’s trip to India this month. Due diligence is underway, along with data sharing and commercial discussions. I asked this week was due diligence still underway, ‘yes’ it is was the reply I received. I also sought to clarify any thoughts on timings the other week, as I suspected we could be looking at 2-3 months. This was at the end of February. The reply I received was “sooner than that.”

So somebody was B*llsh*tting. Who would you put your money on?

I posted this only to illustrate how easy it is to be taken in by people who seem credible.

Anyway, enough history, let's hope for a brighter future.

Repeating myself again. Repeating myself again. Lol.

Toptuf. Spot on. A degree of humility might have been appropriate. Remember when 0.4 was predicted just for turning the well back on? What really did it for me was when he insisted that he was right about the raise being at a premium. From memory it was at 0.21 when the sp was 0.20, technically he was right but only if you ignored the fact that it had been around 0.3 before news of a raise leaked.

All history now, but a degree of humility might have been appropriate.

Gla.

Actually looks like a buy Sausage. I did a dummy buy around that time for 4 million and it was that exact price ( 0.0893).

We are 30% down this month. ( 0.125 to 0.0875)

It's a laugh a decade. Lol.

No sh*t. Lol.

Roland said they were still talking to more than one now.

Er, what part of " a fracking methodology has been established that will underpin a full field development." doesn't indicate that he didn't think it was proved up commercially ?

I am not being picky for the sake of it, merely making a point that it seemed like we nearly there a good while ago.

My other point relates to the fact that they could have researched the best pump options before the refrac. If they had done that, they would have saved 4 or 5 months.

Anyway, like I said, in spite of doubts, I still think it might be worth a final punt.

I am merely making the point that he ( and us) thought they were nearly there a year ago.

Another point us that they have known since 2014 that fluid loading was a serious problem and only started to research the best way to remove it after the refrac.

I do agree that we are probably on the last lap but as always nothing is certain.

Roland actually thought he'd proved up the field commercially a year ago. This from the rns of 19th October 2022.

" The consistent increase in gas production from the two newly perforated and fracced zones in the C-77H well confirms the Company's belief that a fracking methodology has been established that will underpin a full field development."

Fair point Ssccss but I think it will probably shoot up or down by a fair bit depending on news. A bit of a sh*t or bust situation. Might jump in in the next week or so. Gla.

Thanks for the advice SS.

Ssccss. Topping up won't get my money back any quicker but it will make me more money if it does come good. It will also lose me more money if it doesn't. On balance I don't think that will happen but it would absurd to say there's no risk. If I do take the plunge I will be regarding it a pure punt on the jv. Atb.

The main thing holding it back is that just like an episode of " Columbo " there is always " Just one more thing ".

Apologies Marco. Thought you were referring to the time scale for a jv.

What ! Of course the time scale has an impact. There's the little matter of cash burn.

Sausage. I think you mean jv in Q4 2023, since that's what we are in now. We certainly need it to be in the next few months.

Probably not sausage but doubt it will stop us. Lol.