Member Info for gordon1237

Interesting that a certain someone hasn't posted on here today or mentioned syn on Twatter.

Well yes Espen. Friday's rise cancelled out by today's fall. Not exactly what we hoped for.

8 million bought, 56 million sold. Ouch.

Meanwhile, another big depressing drop in sp. A lot of big sells today. Wasn't expecting this after Roland's pep talk. Self evidently the market aint having it. You'd think Roland's reputation would count for more. Baffled.

Quint/Novum has said on Twitter that he sold at 0.18 and bought back in at 0.11. Make of that what you will.

Thank you Jack. Apologies for slightly misunderstanding what you were getting at. At least you don't feel the need to be abusive.
Only my opinion but I would be staggered if it was as much as 100 million for 100 %. We can always dream though.
If they sell 50% (or just under to retain a majority), I feel 20 million would be great. Even 10 million would probably be viable and enough to pay for half of the first two wells.
The fact is everyone is just guessing until that rns drops. Could be a nice early Christmas present. Atb.

Why people feel the need to be abusive is beyond me. I have actually commented myself in the past that although unlikely it's not impossible they might sell the lot to reinvest elsewhere. It would have to be a damn good price though.
I would think that they will be hoping that the jv will pay enough to cover syn's share of the first two drills. If it was only enough for one it profuce enough cash to finance the second. If there happened to be anything left over, I'd be amazed if they paid a dividend. It will just go into general running costs.

Why is that a concern? Any money paid for say 50% of Cambay will be used to pay syn's share of thr cost of the new wells. How else are they going to pay it?

Roland said himself that the attitude of the GOI had changed, so that's all good.

Yes VF. Agree that if they pick the right jv they should be confident of GOI approval eventually, and it needn't necessarily impede the finances.

BTW. All you needed to say was " Whoops. Yes I got the decimal point wrong" and that would have been fine. We've all (including me) miscalculated sometimes. Atb.

What a load of nonsense you do spout. I lightheartedly corrected your error by a factor of 10. My failure to comment except on one small point, when I have several times said how encouraging Roland's interview was?
I also said it was great that the flow rate had increased from 0.15 mmscfd to 0.25 mmscfd and rising. Oh, I also mentioned that they were working to remove the condensate column to further increase flow rates.
As for incorrectly saying that everything hung on the flow rate from C77. Well everybody thought that for the simple reason that Roland very strongly implied that by setting a target of 2 mmscfd that was rns'd and never any where near reached. Even in the Q and A session in April, when asked what the refrac target was they said 0.5 to 1 mmscfd. Again nowhere near. Easy to pretend you always knew better after the event. We now know from what Roland had said that the new wells with multiple fracking zones, should be viable with much lower flow rates per zone should be perfectly economically viable. I am perfectly happy to accept that. If I had any spare cash I might have been tempted to buy some more.
Please stop distorting what I actually have said.
Really hoping to make a good profit in the coming months.

Slight misplacing of the decimal point there NB. Actually 0.25 mmscfd. Unintentionally I'm sure.

The process started 30th September, so you'd think before Christmas, maybe earlier. Not sure ig the 1st new well is still on course gor Q1. Depends on how quickly GOI approve the jv. Quicker than last time hopefully.

Yes all very encouraging. Hope to see the sp go up a bit more next week. Irrelevant in one way as the big rise won't come until the jv announcement, but it will give a better springboard for when that rns does drop. Gla.

Yeah. I'd take that Toptuf.

Also, those who sneered when others were pushing for an interview seem to have gone quiet.

Very surprised there hasn't been more of a response from the sp and especially in posts on here. Is everyone asleep?
The 10 mmscfd he referred to was the aggregate from a number of wells which will enable connection to the high pressure grid and that much higher price.

Dunno goldeni but it's got to be worth it for a 4 fold increase in price.

Just listened. Very encouraging. Great to hear the flow rate is still increasing and they working yo increase further by removing the condensate column. Also once the new wells are producing above a certain level theu can get LNG prices at a much higher price.
Surely there will be a big sp increase once they rns? Gla.