Member Info for Jasper13

Who on this board has bought shares based upon my posts? Curious.

I’m being called a con man. Really? I’ve I ever taken any money off anyone personally on this board.

Nigel....for the sake of absolute clarity I am merely stating what we have been told in an official company announcement. If you have such a big issue with it, why not write formally to the business and express your concern. Personally I think they'll just ignore you like the majority do on this board. It really begs some serious questions about your motives, which I am sure most on here have seen straight through you.

Might still have some unfinished business at MOU-2 before making its onwards journey to MOU-3? :-)

Key strategic player looking to boost oil and gas production in India.

https://www.moneycontrol.com/europe/?url=https://www.moneycontrol.com/news/business/cairn-oil-gas-plans-two-thirds-of-capital-spend-on-near-term-development-opportunities-ceo-nick-walker-10278821.html

Zag…. Not a bad trio though are we compared to the utter s**** you post. Glass half empty all the time, nope just absolutely thick as mince.

Dicko….. absolute first class analysis and spot on the money. Take note everyone. This is what is called real research and know your stuff!!

Eagle …. Stuck record. Very boring now.

I’ve a fair bit of exposure to buying and selling complex businesses and this includes contracts, disclaimers, warranties and indemnities. Everything comes down to legal negotiation and a willingness for each partner to compromise and weigh up overall risk vs reward, whilst considering the down and upsides.

SYN believe they have solved the condensate issue and ordered the best pump in their opinion to increase production. This discussion will have taken place with the potential partner. Known as a disclosure.

This disclosure will no doubt have a warranty attached to it which may have a financial penalty or consequence should it not resolve the issue. However I would think the data sharing and technical due diligence will have also been investigated thoroughly and this is then when commerciality decisions come into play. Maybe a ratchet deal on price or when certain production rates hit certain levels. Or deferred payments for consideration on hitting field development milestones.

What I’m trying to articulate is that the transaction will probably not just be as simple as everyone thinks. It could be complex in its commercial terms and it’ll certainly be complex legally spanning to hundreds of pages of contracts. I know this too well having spent hours signing legal docs when buying businesses.

Roland knows what he’s doing, he’s been on both sides of buying and selling oil and gas businesses. He’s no novice and will cut the best deal he can for shareholders.

The process of due diligence is still ongoing, that has been confirmed to me. And before anyone jumps down my throat, that’s not insider info, we’ve been told that in an RNS.

I’ve also been told we’ll get an RNS when the JV terms are signed and concluded. There will be no interim announcements in between.

So only question remains…. When?

I happen to think we are now down to one JV partner. Very optimistic of a JV resolve sooner rather than later :-)

Anyone a view on what the likely JV value will be when finalised? We know SYN want a free carry on the soon to be drilled two new wells, so let’s say that’s $20m ( $10m per well). What about the licence upside when full field development in play, yes risks attached to that in terms of what gas and condensate can be extracted over say a 10-15 year period.

We are told though by a certified CPR that NPV for full field development is $725m.

So is it unrealistic to expect a total JV value of $40-50m which includes the 2 free carry wells. Leaves plenty of upside on the table for the JV partner.

Thoughts ?

Top …. Give me one post where I’ve given “ idle speculation”

I think anyone with half a brain can read my posting history and see it’s pretty intellectually based, along with any other detail I’ve gleaned from other sources (yes their CEO).

I don’t pump and dump shares. My investing strategy is medium to long term, not 10mins!

Keep trying the FUD brigade! Keep posting negative. Keep slinging mud. Keep making yourself look stupid.

If you’re invested and own shares surely you want the price to go up. Otherwise what’s your agenda!!

Now is the time to take your positions. News flow due :

NSTA awards of CCS licences for UK - end March per half year RNS.
Pump for C77 and further drills - ordered per RNS.
JV news - due diligence and farm in discussions. Per RNS. Confirmed to many as still ongoing and hoping to achieve a conclusion in less than 2-3 months.

All the above are value drivers to both value, cash and ultimately share price.

Last RNS couldn’t have been more clearer with strategy and intention laid bare.

“Monetisation through a sales process in 2023”

The for sale sign as gone up and may even be in play with an interested party. We’ve been told previously NDA’s in place.

All sorts of games are now going to get played - FUD, MM games, broker games. You name it and it’ll get down and dirty.

LTH’s, the well researched and those seeking real value return will ignore the noise and wait for the end game to play out. And it will.

GRH comments about “biggest race to the finish” couldn’t be more in line with the direction of travel we are moving too.

Imo - Paul and Lonny want a deal done and quickly.

Get ready for the fireworks.

And the prize donut award today goes to …….

Really? Have you not read any of the RNS details?

At least you’ve banked your £5 for that post!

Callum I think this is a good discussion to have. My only other thought is will the Indian government want one of their own entities to have a stake? If SYN’s field is of sufficient strategic importance and based upon the fracking methodology now being deployed, they may want to assign a 50% stake to an Indian owned oil and gas company.

Callum….I’m going with Cairn India.

https://www.linkedin.com/in/pradeep-singh-94459a3/

Check out who is connected to him ? :-)

I will repeat again. SYN are in the process of a JV farm with potential partners following their CEO’s trip to India this month. Due diligence is underway, along with data sharing and commercial discussions. I asked this week was due diligence still underway, ‘yes’ it is was the reply I received. I also sought to clarify any thoughts on timings the other week, as I suspected we could be looking at 2-3 months. This was at the end of February. The reply I received was “sooner than that.”

Now you can take what I say with a pinch of salt, call me all the names you like, but I know what I’ve been told. And in that respect it gives my own due diligence reassurance that matters are progressing to a conclusion.

We all know SYN need funding to develop not only the field but for day to day working capital. The company don’t hide behind that fact. The JV, I’m told, will deliver both for them. When it does, the net asset value and its enterprise value, has to change. Why? Because a value of 50% will have been put against the JV farm in value.

Will this be $20m, $30m, $50m - who knows? But with a certified NPV of $725m and a 30 well field development programme, the market capital won’t be £10m at todays share price.

Your credibility, not that you had any, just gone completely out the window.

‘At that point, you are unofficially my employee, and I know you will work very hard for me.’

Really have made yourself look rather stupid with comments like that. And if anyone wants to have this poster verified check out his/her posting history on here. You can see the agenda all the time.

Ever thought of dropping Roland a line yourself? Let me know if you want his email? Or perhaps Gordon can let you have it, plenty on here have reached out to him and received replies.

Why not give it a try? Engage in some discussion with him. And then let us all know as others have on here about any subject matter.

You both spout absolute ****s**** and if you are keen on any investment or even a trade in this company grow some ***** and reach out to him.