Member Info for jackpack

I believe there are 6 gas pipe line consortiums in India all in need of extra gas to fill pipelines. I think this is why RW as engaged a specialist firm for the JV. All of these consortiums would see straight through what RW is saying if it were not correct. This is why I think we can rely on the information given in the interview given by RW. My worry is that given the low share price one of these consortiums will buy cambay on the cheap rather than syn as a whole and the money will be used to fund other projects.

Sent RW another email this afternoon and received a reply telling me they are in the process of hiring an investor relations manager. Still think that in the meantime they should be out there doing interviews especially after a name change and the good refrac results. Which leads me to think that something else is going on in the back ground and promotion of syn is not going to be required.

Hi Gordon
Reply from RW simply says he is aware that a number of people are asking about publicity. Nothing about doing some publicity why I wonder ?

Hi Gordon
Away at the moment in France. Do you know if RW as any promotion work planned such as interviews etc. You would think with a name change, the good results from the refrac etc they would be shouting it from the roof tops and I see no promotion. Unless there is a merger or sale going on in which case they would want to keep the price steady. Could you put RW email up and I will asked him why no promtion unless you want to.

Hi Crusty
Hope you are well. I think it was 2017 that Jay said the rig was to be dismantled and stored on site. Surly it cannot still be there can it? If so it might need an overhaul and upgrade after 5 years.

HI Gordon
Read Novumboy post from earlier in the week Roland told him in an email exchange no placing planned. Surly you can see that to do a placing when you are in the middle of conducting a joint venture negotiations would be very silly indeed. Your CONSTANT negative posts are becoming a worry Gordon .

A few days ago Roland clearly stated no placing and he does keep is word

I think this very good news for tower looks like all the work done earlier in the year with regard to finance of Africa oil and gas is starting to happen and doubtless it will be underwritten international thus the banks will be in a win win situation.

Hi Gordon
I remember earlier in the year you were negative about Roland employing a well management firm rather than doing it in house which I think was without doubt the best decision by Roland.
This is a very large joint venture which may turn out to be a consortium of interested parties which would have the benefit for syn of more flexibility and control. Also management would not want to be accused of favouritism to any one party thus far better to use outside specialists.

Hi Novum boy
Totally agree we all need to be singing from the same hymn sheet now. The news is very good difficult to be better really and the last thing we all want is someone coming along and buying syn on the cheap.

Further to my previous post this morning I see Gordons second email reply from Roland confirms what I said this morning . A full field development is likely going to result in a annual turnover in the hundreds of millions with a probable annual profit of one or two hundred million our present share price equates to a market cap of less than one months profit. A share price of 1p is roughly 100 million. Why would you go for a JV when you can buy SYN so cheaply?

1. There are a number of gas pipe lines in India of which at least 6 are consortiums a common business model in Indian gas industry. SYN could construct its own consortium for Cambay given the cost involved which I think for a full field development of say 30 wells is going to be at least 100 million plus. Consortiums can be made up of hedge funds, investment companies , high worth individuals other companies within the industry. interesting that our new company secretary may just have the right skill set for this.
2.Aout a month ago a well respected poster on the other board said that he thought that the for sale sign had gone up. I now wonder if this is the case. The cost of buying syn may be less than one years profit from a full field development given the very low share price . Very tempting for anybody considering the JV.

Hi I meant GORDON NOT ROLAND I just promoted you to ceo by accident GORDON

Hi Roland did you guess Herbie is me lse wont let me use same name on smart phone as laptop.
Away at the moment has there been anything about Roland and the board doing anything to promote the contents of the RNS. If not there could be 2 reasons both rather good.

On the assumption that we get a JV then the 2 drills next year when with a good promote by Roland and the board is the time that we should see share price momentum and I would expect to see a share price of 1p plus during the run up to the drills.

Last post should read 880psi not 88psi

From what i'm told its the psi 350-88psi from the two new fracs using new methods that has them thinking the refrac is a success and thats through a 4.5" tube when reduced to 2.3/8 tube that should produce results.

Looks like Capricorn decision put off until next year rather than next few weeks according to RNS. but looks more hopeful.

Hi Gordon
Just seen your post been in an area without internet today. Yes there is disparity and my post this morning was an attempt to make sense of it all in a reasoned fashion. Add to that a phone call today with a engineer working for another oil and gas firm who also thinks the frac has been a definite success given the psi through a 4.5 tube and the rest will be sorted with the production Christmas tree . I still think we need this all explained to us in as simple a way as possible so we are all on the same page. When you look at the price of gas in India a full field development is going to generate a vast income regardless of weather these wells produce 2 or 4 mmscfd.

Cambay is NOT a depleting field as said many times.