Member Info for gordon1237

Maybe I'm nitpicking but it is actually 3.5x not 4x.

To have been 4x the sp before the rns would have to have been 0.0164 pence which it was nowhere near. Actually 0..019.

This reads like some sick joke.

" Following a detailed strategic review and given the persistent gap between our net asset value and market capitalisation, the Board has determined that divesting our remaining Cambay interest represents the most effective way to unlock value for shareholders."

Yeah right if in a year or two this reaches 0.06 that will be 75 to 80% down on when Roland joined in

2021. Even that's a very big if.

So if it is now as I said before 3.5 times that means they have sold the whole of Cambay for 14 million plus half of whatever is produced before the sale is finalised.

Span. Yep. Up to 2 years in fact.

Surely an error in an rns should be corrected with another rns. If that embarrasses Roland so much the better.

No it's 3 to 4 times what it was before the rns which was 0.019. So 0.06 if we're lucky.

So he did respond. What an utterly pathetic c*ck up.

Did it yesterday Sausage. Don't think he gives a sh*t.

Also rwessel@synergiaenergy.com

Good luck with that.

Too true Span.

Meanwhile the SP is down the toilet. AGAIN.

Elegance. The company has actually stated the decline will be at that level. They previously produced graphs showing the production declining to next to nothing in 4 or 5 years.

Also the wells have a decline rate of 20 to 30% so will have a productive life of a few years.

Elegance. These are not oil wells. They are gas wells with some oil condensate as a bonus.

Roland has stated he expects 2 mmscfd from vertical and 4 mmscfd from horizontal wells.

Can't disagree with most of that Elegance. It certainly feels like we've been short changed. Ad it stands, if we don't get any revenue before the deal is agreed we have effectively sold our only asset for 14 million usd. No doubt Selan will continue to drag their heels as they have done previously to get to this stage. Only thing I would dispute is the relevance of the workovers. All that really matters is the new wells. No doubt Selan will want to seal the deal before that produces.

Let's hope he clarifies in the interview.

Yes Wakey. Something someone else said made me think that if you added 10 million usd it made it add up perfectly. Very hard to believe that wouldn't be mentioned though. Otherwise it effectively meads they sold the whole of Cambay for 14 million usd.

Anyone expecting a further decent rise today?

Seems unlikely without further info?

DP. When Syn bought gspc's share they inherited the total loss pool of 125 million usd. Well North of that by now.

Hi Kievsky. I am sure you are right about the checking but in that case can someone tell me why the maths don't add up? All the more reason to clarify.