Member Info for gordon1237

Yeah. £36,800 spent.

Sell for £7800.

£29k loss.

Right now I'd settle for getting the 50% back.

Can't believe I was such a fool.

DV. Don't follow.

60 million for 12k? Makes you level?

Love to be in that position.

Even if it were to be December, that would be less than a couple of months of the end of the jv period whrn the whole programme was supposed to be finished. So yes, I think that qualifies as being " done up like a kipper ".

Callum. March 26 latest ?

So that's after the end of the 180 day exclusivity period on 31/12/25 for Selan to complete the deal.

It's also after the end of the 18 month period to complete the jv work programme on 31/1/26.

So the deal could be done and and dusted before drilling of the first new well even starts let alone produces significant output.

Whoops. Mostly gas not oil.

Callum. That makes no sense.

In the first place it's mostly oil not gas.

Second there's no question of having to strike anything. They know exactly where the gas is. It's just a matter of achieving the target flow rates.

Also, if that were to happen, it would mean the big returns were just around the corner and the sale for a pittance would make even less sense.

Of course any revenue before the deal is finalised would add to its value. Personally can't see it being significant.

Or are you hinting you know something the rest of us don't ?

I am sure we will have to wait but once the amount of the payments are known it should give a corresponding increase in sp, albeit reduced due to the time factor.

Thanks Ssccss.

Wondering if I should top up/average down. After all it's bound to go up substantially from here. Isn't it ?

My conclusion is, probably not enough to be worth the risk. Let's suppose that in a few months Roland announces that of the £10 million to come they will pay us a total dividend of £5 million spread over a period. That would equate to an sp of 0.032p or less given the payments are a year or two away. So for every 10 million shares bought, I would being optimistic make about 1k profit. Given the amount that I am currently down it just doesn't seem worth the risk.

The only caveat is the outside possibility that Roland pulls a rabbit out of the hat.

Thoughts anyone ?

Even if Roland has a cunning plan, it's very hard to see how the returns could be anywhere near what we were led to believe were imminent from Cambay.

Could all be too late for any new direction in a matter of a few months if/when the sale goes through.

You can always be ignored directly by Roland at

rwessel@synergiaenergy.com

Sausage. Roland knows. My long email detailing our dissatisfaction with this terrible deal went to Roland as well as Briana.

Well obviously Harbour didn't agree, nor anyone else judging by the fact that they've been trying to farm-out part of it since May 2024 .

Briana does read this board BTW.

Unfortunately, you will either get no reply or be told there is nothing more they can say.

It's becoming more difficult by the day to imagine why anyone would make a big buy here.

Lol.

Assuming that on just under a year yheu receive the 6.5 million usd what will that do for the sp ?

That sum is equivalent to £4.875 million. Call it £4.5 million in NPV. Being really optimistic let's say they give us a dividend of £3.5 million. Divide by 15.57 billion shares gives an sp of 0.022p. Barely more than today's price. Ig they announced that we would get the same again a year later it might be double that. That seems very unlikely. On that basis it hardly seems worth buying more in the hope of reducing ny losses.

As for those buying just for the dividend. Hmmm.

Somebody bought a fivers worth. COL.