Member Info for jackpack

These days we have zoom which removes the need for many of the face to face meetings . Its often just the final meeting that needs to be a physical meeting for the signing . Roland and team are tough negotiators and they did not want to give up operator ship thus I am hoping for a good joint venture and the speed of the of this tells me our new JV venture partner wants to get on with it and maybe even be paying a premium for joint operatorship

Good end to the week - remember there are two catalyst here JV then drills as a result of JV . The drills are into proven reserves at cambay and no fund raise needed. As the price achieved from the JV catalyst should feed into the second drill catalyst acting as an informal base I think 1.5p is more than achievable without any catalysts from other possible projects.

Hi Amar

Interesting to see if you are right. New JV partner will have to have a lot of experience in this type of drill otherwise Roland and team would not let them have the operatorship.

For those of you who don't know I have been specializing in oil and gas shares since the 1990's.

Anybody who doubts the possibility that a share can go from point something of a penny to pence per share needs to do some research . Take a period of say the last 5 years get a list of oil and gas companies from the internet or a newspaper and check each share. You will see that quite a number of point something of a pence shares go into the pence at some point in the price cycle Thus it's quite possible that SYN can this year with JV followed by drills.

Was it a stroke of luck or good forward planning that Roland and the team brought in Panmure Gordon in June. We already have Panmure Gordon research notes the latest just at the right time for the start of 2024. Then Roland and teams RNS regarding Cambay JV again well thought out timing to encourage both retail and professional investors early 2024.

Is it that Management have seen like me that there are often too many negative posts on this board which is often one of the main sources of information for new investors and have taken steps to at least counter this bringing Panmure Gordon with research notes to professional clients which should help at the start of any bull run to get some price momentum going.

We have a number of catylist's this year Probably starting with the JV, ccs and other potential projects. The drills following JV should have a high chance of success with any drills 80% or 90% plus given previous drill etc which will help confidence during any bull run and no waiting for a rig slot india has new state of the art onshore rigs which should help success potential rate as well . Also most important no fund raise need to pay for drilling thus hopefully a very good share price bull run

Could this be the start of Panmure Gordons clients coming on board as a result of their recent research note. I am at the moment doing a long post yet to be finished due to christmas. as to why I think we have an excellent chance of hitting 1.5p at some point in 2024.

Short shrift regarding your post 1.19 today

First to correct you upland resources have yet to drill and our joint venture can also be classed as virgin.

If you think I'm away with the faries as you put it then you must all so think Panmur Gordon research team are also away with the faries. If you know anything about the aim market you will now that few would be investors are interested in aims shares that may simply double they want shares with the potential to at least 3 or 4 bag. I have to ask is your method of trading small gains sell into the rise and wait for the price to drop and buy again in other words rince and repeat.

It is time Roland and the team were given the chance over the next year for the company to grow properly and to do that the negative posts need to disappear. Yes we also need the right news but what use is the right good news if certain poster are looking for anything negative they can think of to post which puts new investors off and creates a low ceiling for the share price. This board is without doubt the main source of information for would be small investors and probably one of a number of things larger investors will look at too

Christmas Pondering

An example of how a share price can go is upland resources in the last year - 18 months the share price as gone from .125 to 4p an over 30 fold or 30 bagger. Thus 1.5 p over the next year or so could be possible.

I have noticed over the years that where in the early stages of a price rise there is none or very little negative posting on boards small rises are often not sold into as people buying the shares have the confidence to stay and the small rises form a base and help with sustained rises.

Could it be that at least part of the reason Panmure Gordon don't want to release their research is that there is such a lot of negative posts on boards like our's often without good reason and they don't want people on this board just looking for anything negative they can think of or invent with regards to their research. They have clients who can make or break a company like our and the only place they can find out the views of ordinary shareholders is our board and reading some of the negative post is not going to instill confidence. Without the negative post over the last 12 months on this board I think we would be 3 or 4 times the price it is today. We have a very good management team and very experienced brokers yes there are delays and set backs but does it really deserve all the negative post's which logically cause shareholder's to leave and the share price to drop - we could have a really good 2024 if all poster made a new years resolution to post only positive comments regardless.

Hi Gordon

Not fantasy at all . Try thinking of all the positives not looking for negatives. Why bring in a joint broker take a look at the type of clients they have. Take a look at the management and their experience in building a company. Ask yourself do you think after this jv is complete they are going to sit doing nothing or are they going to do what they are good at building the company

Hi Gordon

Research of this type usually has a maximum time frame of 12 to 18 months. We have a management team with their experience capable of running a much bigger business than SYN, finance not likely to be a problem especially if some of Panmure gordons clients are on board. Also once the jv starts Roland and the team are going to have time for other projects. I know that BASF want to sell all none core business's by April 2024 such as Wintershall which as a whole would be too big to contemplate. However the ccs part may not be , depends if it split up or not. There are probably other similar opportunities as well any of which would take the share price up to at least 1.5p

Well after this morning's RNS it will be interesting to see if we hit our new joint brokers price prediction of 1.5p at some point in the coming year. They have had good advice as to the timing of this RNS. It is always a good week traditionally if you if you want to move a share price upward in the new year. They have also gone to great lengths to put any cash imput from our new joint venture partner down to back costs thus saving any tax implication. I also think the office of the director of hydrocarbons will take a great interest in moving the Cambay project along very quickly in the new year.

Is the sticking point for JV the Cambay ccs which could be worth more 5 years from now than Cambay gas and how will that impact the JV.

Detailed questions for Roland at the AGM I think who is going - I hope to but may not be possible this time due to other commitments

Hi Gordon

Like you I am here for the gas, however during my almost 30 years investing in oil and gas I have come to realize that almost half the profit is on the run up to a event such as a drill and then there is another profit on a successful conclusion. If you go back to the last written presentation it had a good diagram showing key steps for ccs that should kick in and create price momentum thus only year - 18 months before we hopefully start to see the effect .

Over the years I have met a number of employee's of institutions fund managers etc. These days it could almost cost them their jobs NOT to read the public boards such as ours. They are the first indication of shareholder revolt - problems which as well as price problems can sometimes lead to reputational damage .Also most institutional investors have computer programmes that flag up unusual trading patterns and the boards such as ours can often give an idea as to what is going on sometimes before it even happens institutions like to see ever increasing share price like the rest of us it makes them look good to there investors

I see from Gordons post this morning that Roland and team are very much concentrating their minds on getting institutional investors which can only be good for SYN and as I said some months ago and Roland as now confirmed we are the only uk company offering exposure to ccs . Contrary to some posters belief its not going to be 10 years the catalysts and momentum should start to kick in within the next 18months. However I have a question given that some people have been pattern trading this share and have experience of what it takes to move the share price lets say we start to get institutional investors buying into SYN they are going to want to see the price going up on paper at least if not for managements annual bonus thus proving to their investors buying SYN was a good idea. what would they have to invest to see .2 then .5 and then 1p I don't know but suspect it would not be that much - we may now have people who work for the institutions reading this board and will be most interested in peoples answers

From memory there was no water at all prior to the removal of the bridge plug all the new fracked zones were free of water

There have been numerous occasions where various companies have put out RNS's during or after meetings /presentations that way they contain the most update information possible.

Well I think the last few days have been a really good example of pattern trading as described by page of cups on the aex thread. Now we wait to see what happens I have never come across a situation where a jet pump as failed to deliver although they can take a number of weeks to deliver the required results. If we have good news tomorrow then I think some who have shorted the share may get badly burnt which could be good for the share price with them gone.

Hi Da Prophet &Ssccss

I agree with you both and also think some are taking advantage as PageofCup says and using a variation of pattern trading to make a good profit and avoiding the £25000 day trading rule

Some may find PageofCups posts on the aex thread (aminex) interesting they describe a variation of pattern trading which maybe what's happening to our share price they are short but worth a read. Some traders may also be adding spread betting into the mix to increase profits.

I think this is either the last remnants of previous placing which will cease as the shares dry up or a group of shorters who are becoming too comfortable keep repeating the practice which will be their downfall . If the later I remember a number of years ago a situation where i think the trading desk at one of the institutions waited until they had shorted the share down and then quickly spiked the price up burning the shorters well and truly costing them a large amount of money one of the shorters even posted a video saying shareholders should sell shares which nobody did and doubtless the institution made a good profit. We have Roland doing a presentation to get the share price up and a new broker Panmure Gordon tasked with bringing on board institutional investors. I don't think Roland and team will like it if there is a group of shorters keep bringing the share price down and don't see them lasting very long

I see SYN have got themselves into the 5th position on the leader board let's hope its the first of many over the coming weeks