Member Info for gordon1237

Nothing is 100%. If only.

Either the price is wrong ( 5.20) or it's on the wrong board.

Fair point Crusty. I guess however many remain won't be sold at this price. Who knows some might even hold for the long term. Especially Republic who have been tsking part in placings all the time I've been here. Wouldn't it be nice to get some real Institutional Investment with shares bought on the open market. Not holding my breath on that.

Would guess a fair few placing shares will have been forward sold at higher prices.

GW. Downside 0. Don't believe for one moment you actually believe that. Lol.

VF. All my emails have been copied to Briana.

Sausage. I have emailed Roland 3 times about another matter. He is steadfastly ignoring me. So much for what he said in the Investor Meet. " We do routinely answer emails from shareholders". Hollow words.

Goldwish. It's a double edge sword. If I did double, I would only need a 100 % rise instead of 200% to break even but would lose twice as much if it were to go t*ts up.

And I have had to cut down on the whisky for the sake of my health. Lol.

Currently exactly 0.05 to buy. If I were to double my holding at that price my average would drop from 0.135 to 0.093. Tempted but can't help thinking that I have already doubled early this year and that didn't turn out well.

Sprint. Yes that's correct. Only c77h is currently producing. At a loss.

VF/Sprint. I am aware of all that. I know they were waiting for GOI approval before the contract became official. The fact remains that they have had since February to sort out the fine details of the work programme etc.

VF. Ask yourself this. What would you have said in February if I had said it would be well over a year until any new wells were drilled ?

Yes VF. I read it at the time and was pretty shocked that the workovers were going to take 6 months.

To be fair they should still be able to achieve that.

We just need to hope that sufficient income materialises quickly enough too avoid any further dilution.

The only thing that will give us a significant rerate is the new wells achieving their targets. That wont be until next summer.

Sprint. The contract was agreed and signed in February. Even before that in the rns of 22nd January we were told that the work programme had been agreed.

" Synergia held meetings in India last week with the potential joint venture partner (the "Farminee"). The primary objective was to agree a work program that will form an integral part of the farm out agreement. An ambitious work program was agreed between Synergia and the Farminee."

Yes Ssccss . Personally, I found it particularly galling that the funding is primarily to be used to progress CCS. Obviously, if the company has a long term future it will be with CCS but there won't be any returns until well into the next decade. Unlikely that Roland will even still be in charge by then.

Oh come on VF. The jv was signed in February. They've had all that time to plan the workovers. There was no reason at all that activities couldn't commence immediately, as we were told they would. This project is just one of many for Selan but everything to Syn.

Still can't believe that in the placing rns they were crass enough to say " very pleased to announce ".

I know the the raise was inevitable but that just feels like taking the p*ss.

Wouldn't stop them from getting on with things.

Nothing happening is probably a little unfair but I think we all had the impression that things would kick off a lot quicker. Roland said activities would commence as soon as GOI approval was received.

He also said said that waiting for approval would stop them from getting on with things.

Hi VF. " Selan not hanging around"? Well, it doesn't exactly feel like they are in a tearing hurry to me. The deal was finally closed on 1st August, so by the time workovers commence at the end of this month ot early next that will be four months gone by with nothing happening. At least we know that they have to complete the whole programme by 18 months from 1st August,so that is something. Of course, that's if it's not extended to 2 years, which is allowed " in certain circumstances". By the time the workovers commence it will br more than 9 months since the jv was announced.

" Look at us investing thousands and know nothing in the grand scheme of things."

Investing thousands ? Are you having a laugh ? Syn invested many, many millions. As Oilex, eay back in 2014 they spent a ridiculous 30 million usd on drilling c77h which was the reason they fell out with gspc. Then the refrac and jet pump cost around 3 million.

Know nothing ? Whilst Selan’s local knowledge of Cambay will undoubtedly be invaluable, It's Syn who bring to the table the improved fracking methodology as recommended by the Baker Hughes/Schlumberger report of 2017 and demonstrated by the refrac.

Selan are a great fit as a partner but they certainly couldn't have done it without Syn's input. After all, there has never previously been any commercially successful fracking in India.