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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.
EDITED...update. I posted the below yesterday as my own thoughts. By way as an update, we will receive JV news when the JV is concluded, nothing else in between. I sought clarification on this point this morning from Roland. So next JV RNS update will be DEAL CONCLUDED information.
Gordon ...you are correct we won't get details of any unsuccessful bidder.
Don’t be fooled, as some would like you to think, that JV news could be ages away. At anytime we could see the following;
1. Disclosure of interested parties after completing their due diligence.
2. Heads of Agreements with interested party. This may explain the JV details, value and farm in consideration.
3. Detail of well drilling programme, timings, costs.
A JV is a significant market sensitive event and as such any detail, even if early in the process, has to be disclosed. We know due diligence and technical data sharing is underway now. When it concludes the market will need to be informed.
Eagle....contrary to what you believe or say I care not a jot about todays price or even the recent drop. I invest on fundamentals, management, project opportunity, value disconnect and whether I see this as a good risk v reward. I am not a trader, bouncing in and out of stocks for the odd 10% here and there.
As for you absurd comments about performance related pay, yes I am rewarded very well in this respect as part of my normal day job; as stated before in the SaaS industry.
Don’t be fooled, as some would like you to think, that JV news could be ages away. At anytime we could see the following;
1. Disclosure of interested parties after completing their due diligence.
2. Heads of Agreements with interested party. This may explain the JV details, value and farm in consideration.
3. Detail of well drilling programme, timings, costs.
A JV is a significant market sensitive event and as such any detail, even if early in the process, has to be disclosed. We know due diligence and technical data sharing is underway now. When it concludes the market will need to be informed.
Might just catch a few out waiting on the sidelines for a cheaper entry. Let’s see.
Afternoon all,
Another piece of the jigsaw concluded today. Plus confirmation it has no bearing on the JV discussions. I asked the question the other week would the JV take 2-3 months. Straight answer ‘No a lot sooner than that’
We’ve been told in an RNS the due diligence process and technical data sharing is underway. As part of any commercial transaction this is just standard practice. It has to be done to formulate any offer.
I have every faith that we’ll hear of JV news, hopefully in March, which will add lots more context to their field development plans and strategy. Roland is doing all he can within his remit to deliver shareholder value and develop this 1TCF asset. No one likes delays, especially impatient investors. I am sure if Roland could make matters go quicker he would.
People won’t like it when other investors, not just me, speak to Roland as they immediately think there is then an agenda being played out. This is utter rubbish.
If you are a trader you have your strategy - drive the price down, buy the dips and get out for your 10-20%. Long term investors look at fundamentals, news, strategy, and the value disconnect. The value disconnect can’t be ignored here forever, if the company keeps making progress to develop the asset. Be patient or look elsewhere for the next 10-20% return.
Dicko80…thank you for posting this detail, very much appreciated and great that the company have answered these questions so thoroughly. Their overall plan and strategy is coming together nicely. Plus a huge disconnect between current share price and enterprise value. Crazy