Member Info for jackpack

I think this is where Roland along with our new joint broker Panmur Gordon from RNS 29th June who job it is to bring institutional investors on board go to work. IT could be well timed st ledger day coming up when the traditional share buying season starts. We have a number of pieces of good news hopefully to come over the next six months as i said in a recent post its time they got the share price up substantially

First has got to be pump and flow rates which I hope will take us to between .44 and .6

Second is the JV which cannot be far away when they say in latest presentation that full field development starts quarter one 2024 I hope a JV announcement will get us quickly after over the 1p

Third is the full field development of 10 wells been drilled starting in quarter 1 2024 which hopefully will give the share price momentum until at least the end of quarter 1 and as such hope at some point in quarter 1 we will see 2p all pure conjecture of course but with ccs as well it could be possible and yes a very busy 6 months for SYN

Hi crusty

Sent a whatsapp to mrs webmoor for your contact details. I see from other shares that interest me both India and Australia are building high end state of the art land base rigs. Is there any information on the rig yet.

Lets hope it's fast fast exciting ride to a share price beyond expectations that we can only dream of.

Hi crusty

not sure how to connect offline - could you let me know I think at one point you had my email

We were told at the AGM that the leg survey was very good in all respects. However JA did not think it required an RNS by itself . Lets hope that JA can get this all together he did say at the AGM quarter 3 or quarter 4 for the cameroon drill

Last post should read changed ownership

Hi irishmouse

Just to see you posting brings back fond memories for me - saw spicey maiden last month when I was in gruissan although changed now

regards

Hi Walkman

I think you absolutely correct. With these type of systems most of work is surface engineering work with the rig playing only a small part relatively speaking thus the rigs part should be complete in days not weeks as you say. Share price momentum should then start to happen and a JV announcement hopefully not too long after should take us over 1p. According to the recent presentation they intend to start drilling early 2024 and as such they must have a preferred JV partner in my view.

Hi Gordon

Been out this afternoon. Like you I am oil and gas. However I see potential ie ccs. This is not a case of .11p now and then nothing for 10 years and suddenly say 50p there is all the catalysts along the way creating share price momentum if nothing before there is the medway drill in 2026 which until the presentation like a few other things did not know about.

I think Roland and is team are all about company building and with a share price of .11 and cambay and ccs the share price is going to build especially as we now have a second broker promoting the share Just think of all the catalysts to come over the next one to two years both cambay and ccs it almost I think a given

Hi Gordon

I have now read the presentation a number of times and very muck of the opinion that it is geared to updating shareholder on ccs medway and indian and getting the attention of institutional investors. I feel that the cambay gas part is very much thrown in because they felt they had to with more holes in than my grandmothers net curtains. Having said that I see cambay gas as going to be far more profitable than the figures in the presentation and as they say first well's to be drilled early 2024 they must already have preferred JV partner.

Hi steven

What is it about Yorkshire and this share . I live just down the coast from you in a very small village the other side of Hornsea it seem's a lot of us shareholders live in Yorkshire. If you read the latest presentation allowing for the mistakes I think SYN will eventually do very well especially as they have diversified into ccs. But like other oil and gas companies since covid things take longer

I think we have missed the real reason for this investor presentation and it could turn out to be materially important .

First is to give our new joint broker Panmure Gordon information to make it easier to sell to institutions such as investment companies pension funds etc. Are we the only listed company below 1p with a medway licence in the running for two others and a drill in 2026 which I did not know until I read the presentation again. Also in india we now know that its for power stations close to cambay and as we own cambay no competitive tendering process which is a very big advantage . This presentation will surly make it easier to sell our shares to institutions which is going to help our share price.

Hi SQ320

As well as the 31 million left of the free carry there is the income from our share of the new gas wells that will have come on line and if required production based finance thus no fund raise should ever be required i would have thought.

Hi Gordon

The more I read the presentation like espenviking the more errors I find . It is obviously going to be very profitable which every way you look at it . My own view is its going to be a lot more than the figures in the presentation.

Hi Gordon

All my figures are gross income not profit and I took 8.57 mcf lower figure. The 10 well programme I don't think could be self funding after two wells on their calculations unless there profit figures are per well rather than for 10 wells but I don't of course have all the data.

Hi Gordon

In an idle moment just re reading your post from 7.56am . I assume you mean our present well which gives an annual gross of approx 4 million . Adjust your figures to 4 mcf it becomes approx 13 million annual gross per well and for 6 mcf it becomes approx 20 million annual gross per well. More than enough to be self funding after two wells. Allowing for the 30% reduction 10 wells over 10 years is between 910 million and 1.4 billion gross at the lower rate per mcf. Then by the time you reach the thirty well target its between approx 2.7 billion and approx4.2 billion no wonder we have at least 2 parties interested in a JV. My extending of your figures from this morning should be taken as just a broad outline of what could be possible but before you take me to task they are not an accurate forecast as I don't have the data to do one.

HI Roger

Like you I think it very strange the number of likes for such posts as HY makes you wonder who these people are and understand why so many have moved to other boards

Page 12 of the new presentation says self funding after first two wells thus are we misreading the finance projections.

It also says full field development to start early 2024 - have we now got a JV partner lined up with new wells been drilled early 2024.

Hi Gordon

Been back to website twice first time it was there second time it had disappeared again. The second time was to re read it. From memory it gives costs per single well for drilling etc and then gives income which for the life time of 10 wells is I think too low so my guess is its the income per well over its economic life not for all ten wells.