Member Info for JPP8788

So we're targeting 6 potential workovers - I would this C20, C73 and C77 are likely to be the 3 that are brought back online.

C63 and C70 were intermittent, and I can't find any reference to C64.

C20, C73 & C77 should bring in 7mmscfd and 175 bcpd - this would generate roughly £9.2m revenue in gas annually, and £3.8m in condensate annually- of which SYN would see 50% of that = £6.5m on a free carry and no costs. Then the new wells would likely improve those numbers exponentially

Less volume today but most importantly, the sells have dried up. Looks a pretty safe bet back to 1.30/1.40 here

Mcap now the same as cash in bank.

That late 6m buy was mine :)

Just wait til we get these workovers online.

I've seen it time and time again - once an AIM listed company becomes a profitable commodity producer, the mcap will move quickly.

See Kazera Global for a very similar sort of situation, mcap has trebled in a week as they near production and profitability.

Expect a strong blue day and an RNS around midday ...

Stevebt, nobody cares.

What's a complete collapse?

We've had a red day after two blue days.

As mentioned countless times before, the markets don't like silence and delays. Our time will come, no doubt.. it's very clear Selan know what they're doing.

Too many people letting their emotions get the better of them here.

Pjmcgra...

Sorry to be so blunt here, but if you think a company valuation/mcap is based off profit, then you shouldn't be investing.

Have a look at Saudi Aramco as an extreme example... 2023 they made $121b USD profit... So what's their mcap? Oh yeah.. $1.82t USD... A PE of around 15.

If you want a more realistic example of the journey we're on - have a look at Afentra (AET). had next to nothing in late 2021/early 2022, then made an acquisition and became a junior O+G producer over the last 18 months or so. SP moved from 15p to 70p, now sits around 50p. Mcap of around £110m.

From these levels, I'm as certain as I can be that this share with so 3/4x once the oil and gas starts flowing - particularly given the first 18 months js a free hit!

Pjmcgra, your maths seem fairly sound.

But at that amount of profit for SYN, you'd need to look at a PE ratio for mcap valuation. Generally O+G producers sit at around 10/11x PE

So your .25 SP target is possibly some way short.

If the wells and workovers are even partially successful, there's not a chance this will be anywhere near a 10m mcap with significant revenues.

Carrot using "we" terminology... Does that mean that Carrot The Great is now a shareholder!?

Sub 10p is categorically bonkers and too cheap.

£10 mcap 🤣

Three big red days on the markets and here we are, sat at the 0.10 level.

Can't say I'm worried - I have a 20m holding here and I'm obviously down as it stands.

I've been in a few situations like this in the past. SYN reminds of Argo Blockchain in a few ways.. totally off the radar for most, but once we have a source of significant and growing income, the share will rerate based on basic forward-looking PE multiples. ARB was an extreme example, rising from my 11p buy in to 350p, and of course that's pie in the sky here - but do I think we see 0.50 from here in the next 12 months? Certainly.

I've seen this scenario time and time again in the stock market. Undervalued companies will ALWAYS rerate. Once we have revenue and profit, the market will have no choice but to value the company as a PE multiple.. right now we're valued as a start up with limited cash, and a project that is ultra promising but yet to come to fruition.

At an SP of 0.11 it's a very simple equation - I see the odds of us reaching 0.15 much more likely than us dropping to 0.07 - a 0.04 drop either way.

The risk and reward metric is totally skewed at 0.11 - I am surprised we haven't had buyers at this level .. but as we all know, it only takes a day for these things to change. The two red days in the worldwide markets haven't helped at all, of course.

I do think RW has something to answer for - but the number of armchair experts who think they know better is astounding..

As I've said before, Selan are the experts here.. and I'm sure they arent in this to lose money. A $20m+++ investment over the next 18 months isn't spare change, and they'll expect a return on that investment.

RIM are a nominee account holder, how can they be "offloading shares"?

People are absolutely clueless on here.

Where's this forward sold placing then?

Combination of things has happened here.. a boring, turgid interview from RW, couple with an RNS that was priced in, resulted in a huge sell off.

We have ZERO institutional investment, and I'm not even sure the directors/board own any shares - there's certainly been no open market purchases... those two things need to change.

Almost all of our shares in issue are held by private investors, who simply CANNOT wait a few months for returns. Unfortunately, this is AIM, and for every fantastic, undervalued investment, there's a multiple rampy "ten bag" dogs(think UKOG, ECHO, TRAF etc) that traders simply cannot resist. The whole investing outlook has changed. Chasing a stock up a drainpipe, only to watch it collapse has become the status quo.

But now is probably the least worried I've been holding SYN. The bottom line is that we are completely derisked, and a £130m Indian giant have decided to throw $20m at a project that they believe will make profit for them - and Synergia too. Selan clearly know what they're doing, and their interim results posted yesterday prove exactly that. They're the experts - we are simply the beneficeries with the licence!

Maybe there will be a placing, maybe there won't.. but we have £1m plus in the bank to get to the stage where we are creating revenue - so even if we do, I cant imagine it being highly dilutive.

Roland may not be the best at public speaking, and the company may not "do enough" when it comes to PR - but there will categorically be a rerate once those wells are pumping.

Today may not have been SYNs day - but that day will come.

Good luck all.

RIM have dumped their holding???

They're a nominee client holding in Singapore?

the share price doesn't reflect reality because the company has zero ability to market what they've got. zero investment from iis, no director buys, no tr1s. very little social media presence, and newsflow is so sp****.

likely to change? probably not. but once we start producing revenues from oil, that's going to rerate us.