Member Info for gordon1237

It reached 0.18 early this year, just on anticipation of a jv, could anyone have imagined, that with the deal done and decent production hopefully just months away we would be at 0.05 ?

I mean, I have been known to be pessimistic on occasion (Lol) but even I couldn't have imagined this scenario.

It's s pity the first production bonus won't be until after the initial programme.

GW. Once the initial 20 million programme is completed all future costs will be split 50/50. I guess there will be discussions about the details of future programmes but we all know who will be in the driving seat there.

It's actually 205 bcf of recoverable reserves Sprint but that's more than enough if the flow rate targets are hit. The first few workovers will be producing mostly oil.

The reason for the massive dilution is the massive delays. Some of these were outside the company's control. e.g waiting for GOI approval. Some were not. e.g. 16 months to negotiate a jv that was only supposed to take 3 months.

Number of shares when Roland joined the company on 16/6/21 was 5.06 billion.

Number of shares now is 13.07 billion.

Goldwish. It's only 11 days since you said " This will fly past 0.07 easily ". Do you have short term memory issues ? Oh, hang on. That's a Goldfish. Lol.

The way it's going it could be a close call between those two options. Lol.

0.0518 to buy. Will I be tempted ? Will I die of boredom? Watch this space.

No problem Espen. You are probably right. I was basing my comments on the date of the report in October. A bit quicker then maybe. Let's see, as the short sighted bloke said to the optician.

Surely that would be the current quarter ?

Espen. That ties in then. It's a great pity that one of the new wells isn't earlier in the programme.

That's what we need for the rerate we are all hoping for.

Thanks Espen. That says in the coming quarter. So January to March. Hopefully some progress in the meantime.

We know from previous rns's that the workovers are expected to take about 6 months from the middle og October. Let's hope they do the first one quickly and generate some revenue from oil sales.

Still, as long as the remuneration report is passed, everything's ok.

Not sure we can say what the cash burn is now.

Last financial year up to June, there were one off costs like the jet pump, plus raisings. They now have reduced staff costs and have paid loans back and also throwing money into the CCS money pit.

So it's just about impossible to know how long the cash will last. As Sprint says, hopefully it won't be too long before some cash from oil and gas sales is forthcoming.

GW. Into my sixties ? If only. I have just turned 76.

I hadn't started shaving when I first invested in Syn. Lol.

GW. No it makes no sense. But then it's 9 months since the deal was rns'd and only now are things slowly beginning to happen. Then it will be the middle of next year before we get the real make or break news with the .new well flow rates. Nevertheless, hope springs eternal. Gla.

Yes Hedge. The original grumpy old men. Lol.

What a load of twaddle. The reason syn is at its current level is purely due to a loss of faith by potential investors due to its history. We all hope that will change in the coming months.