Member Info for gordon1237

Haddy. Not sure that we know Selan have their own rigs? Roland has said in the past that the main cost of drilling is deployment of the rigs which implies not. Hope you are right though.

How would the mm's slaughter it back down ? Why would the mm's slaughter it back down ?

Why would they care whether it goes up or down ?

If it gies down again it will be due to people selling for a profit and/or having no faith it will go higher.

PJ. How would thw mm's

Yeah. Probably just people getting disillusioned, just like me. Ever since I've been here the news that will change everything has always been just around the corner.

Sausage. There's no reason to assume there's only one seller.

My own view is that the company has No idea when approval will happen.

Really hope you are right Sausage and Ssccss. My expectations have dropped a fair bit. Before the jv rns I said that I would definitely sell if it went above 0.3 but there would be a grey area between

0.2 and 0.3 where I would be in a dilemma as to whether to get out or not. At best it reached the high 0.1's and then fell away quickly. That was even though GOI approval was a " formality " and no raises expected for the rest of the year. I now no longer know what to expect. May get out if it reaches the high 0.1's again. Gla.

Which will only happen when news drops.

Spot on Conger. This share is totally driven by unpredictable news ( or rumours of news). Charts mean nothing.

Not so DV. I was told more than once by the company that the election was not a factor. Also, given how frustrated everyone one is, including thr company, we can be sure that if the election had contributed to the delay it would have been mentioned in communications, if only to take the pressure off.

The elections were utterly irrelevant as regards the delay. The company has confirmed that. It's just a matter of rubber stamping a small businesses arrangement. As Conger said this id just the way it is.

PJ. If the minister IS aware of this joint venture it could have been expedited months ago. It is painfully obviously that this matter is not a priority.

Fair enough but my opinion us that the company has no clue about how long it will take. I know it's not an official communication but its now two months since i was told in an email that it was expected very soon. It might be tomorrow or it might be months. The latest loan probably gives them a couple of months breathing space.

In February 2022 Roland said

" The approval of the assignment of GSPC's 55% PI results in the Company enjoying a 100% PI in the Cambay field with its c. 930 BCF of contingent gas resources*. The further development of the Cambay field will be initiated with the planned re-frac of the C-77H well, the results of which will support the drilling of two new wells in Q4 2022 / Q1 2023, subject to funding."

Q4 2022. Lol.

Candlestick. In April 2021 when gspc approved thr sale to Oilex (Syn) they said " The GoI has been kept appropriately informed at all stages of discussions with the aim of securing approvals for the PI transfer in a favourable time frame."

That favourable time frame turned out to be 10 months.

exactly what i've been saying ****nal. this is huge for us but tiny for the goi. having said all that it is still baffling how a straightforward approval like this can take so long. both syn snd selan are very well known to the authorities.

This month it has been very stable. Down only 2%.

Yeah. Only 20 % down since the beginning of May.

Of course it depends on your starting point. A different day it could be less (or more).

Nice one. Lol. Never heard that somg before.

Theme song?

https://youtu.be/k9sf7C7D3nk?si=JKy-Micz-k22QEPJ

" Cause I'm leavin' on a jet plane

Don't know when I'll be back again."