Member Info for gordon1237

Instead of imminent they meant to say indeterminate. Lol.

" Funding requirements may be mitigated by a successful farm out on the Cambay PSC ".

Ssccss. Yes agreed. They had little choice but to raise in the past. The point I was making was that the decision to use loans this time was more to do with saving face, having ruled out a raise, than any sudden conern about shareholder dilution.

Yes they have come a long way in 3 years. Trouble is, it wasn't supposed to be anywhere near that long. This from the September 2021 quarterly report.

" ....the Company is planning two new horizontal wells (C-78H and C-79H), subject to securing the necessary funding, for H2 2022 and has issued a Request for Quotation for well management services for the execution. Funding requirements."

Kaltersee. There is only one reason they have avoided dilution this time and that is to save face. Roland was quite adamant in his Sharetalk interview that there would be no raises this year. Indeed he got quite angry at the idea. They haven't exactly been shy about raising in the past. In the 3 years of Roland's tenure the number of shares has doubled from 5 to 10 billion.

Sausage. Agreed but there's little point in saying anything. I was told on the 19th April that it would be " very soon but no guarantees ".

Even the end of this week is stretchinh it for imminent. However we've waited this long so what's another week.

Of imminent.

" DEFINITION FOR IMMINENT (1 OF 1)

adjective

likely to occur at any moment; impending:"

Just saying.

Yes Ssccss. That does ring true.

Agreed kaltersee but keeping shareholdets informed won't hold anything up.

Good point Espen.

You'd think one update would be a lot more details of the drill programme. It would be nice to know the reason for two of the three wells being vertical with half the flow rate. Roland only touched on that in the Sharetalk interview. Never mentioned before. Presumably a cost/ benefit thing. Also what are the workovers ? Surely, one must be isolating the old zones in C77.

.... more than 2 weeks.

DP. Yes, you'd hope it will be signed off well before he goes. More than 3 weeks is hardly imminent by the stretch og anyone's imagination.

Not sure what we are disagreeing about really. Roland is going, maybe to generate publicity, who knows, and hopefully approval will come in the next few days. Gla.

Tweet 3rd May

" #SYN Roland Wessel met with Selan’s CEO and colleagues in London this week to discuss the upcoming work program in order for an early commencement after GOI approval."

DP. The drill programme was finalised even before the jv was signed. Plus they also had discussions in London recently. Wouldn't think there was a lot more to say. Just a matter of ordering the rigs and starting to drill ASAP.

Sausage. I took that post to be a sarcastic reference to the fact that I may have posted more than omce that it didn't matter. Which is why responded in kind. Are you asking mr my reason for thinking that ? Because that is not what your post says.

Agreed Sausage. All joking apart, I thought it might be creeping up when approval may be only days away. Not sure what it is you are asking me to do.

Yes Conger we know.

Just checking Sausage. Could you put in a post that it will turn blue once it is announced that Roland is going to India ?

Maybe no one else asked because you were the only one who thought it mattered. 🤔😊😋