Member Info for JPP8788

Who the F is Rowlan

Stake in GMET now worth £22m, £3m more than our mcap.

Quick! Lets see if we can get a price to sell them all the release a Special Dividend

:)

I think the work overs are first aren't they? Don't think there's any drilling to start with

That's a sell.

Zak mir interview next week and regular news flow from here on in.

Just done some pretty quick and basic maths ...

£1.9m on GOI approval, leaves us with £1m banked after loans repaid

£15.4m work plan paid for by Selan over the next 18 months

Up to £6.9m to be paid in bonuses dependant on flow rates.

Okay, so Selan are potentially the best part of £25m down - an experienced oil and gas producer, who knows far more about Cambay than Synergia do.

So what's in it for them? What's their return on investment? They stick £25m into this over 18 months, what are they expecting back? Double that?

And whatever revenue/profit they make, Synergia make too on the 50/50 split.

Very clear to me that this is going to be a slow burner, but with 3 wells and 3 work overs all paid for by Selan... I'm not sure theres too much risk

And then there's CCS..

Panmure Gordon have a FY25 revenue estimate of 60.4m AUD, with a gross profit of 58.3m AUD.

Lets see how our current mcap of £14.2m looks then.

Here's my thoughts, trying to be as neutral and open as possible:

The GOI approval seems to have been priced in, though I think that's a bit harsh - the risk before today was further significant delay, approval being rejected, and/or a placing in the very near future. All of those risks are now removed.

I do feel that "the market" wanted a work plan and timescales RNS at the same time as the approval - to really show that SYN means business and that they're not messing around.

As it stands, we had the 7am GOI Approval, and now it's a case of everyone thinking "okay - what next!?" You'd have thought the PR machine would have been turned on for today - but clearly not.

Theres nothing stopping SYN & Selan now cracking on and getting these wells drilled. The wider market looks like it wants to know NOW what the plans are - not in another month's time.

Though the SP currently makes for hard reading, at least I feel more secure holding. The risk element has gone, and newsflow should be forthcoming.

No doubt whatsoever the deal is transformational for SYN, but let's get to work on it now, and get shouting about it!

"we are all done with the formalities and just waiting for the official emailled letter"

A few rumours (nothing more at this stage!) that the GOI approval is done and waiting on official confirmation.

Nope, Borasci you're wrong.

Anything RNS based isn't published on company websites at all - with a few exceptions.. HL for example have published their results but haven't RNS'd.

Spread quite large, most stocks were opened up at 8am with a wide spread given the RNS issue

Who knows, maybe there's an RNS floating around somewhere in the cyber universe.

I agree - I'm normally risk averse but this mcap is FAR too small to stay around these levels.

5p more like fair value here.

Just having a look back at the responses RW has sent me in the past - on the 28th March part of his email to me said:

"We cannot proceed with the work program until we get the GOI approval for the working interest transfer but we do not have to wait for the PSC amendment which is what held us up when we bought GSPC’s 55% working interest."

I've just realised that wasn't true.

SYNs Twitter/X post on the 21st June:

"#SYN The Cambay PSC has been amended to reflect the name change from Oilex to Synergia Energy. The last stage of the Selan JV approval by the GOI is imminent."

Very odd.

Anyway. I wouldn't discount those emails that are being floated around as being fraudulent - I'm fairly confident they are truly from Roland.

Further news from Roland to say the JV is no more than a few days away. NO - it hasnt been confirmed as 100% genuine, so if you choose to believe it or not, that's your choice.

Https://x.com/HardeepSPuri/status/1811683642663391351

The two O+G ministers are back in office today after being at UrjaVarta yesterday.

Who knows. Maybe today.

Rolands email to an investor didn't include the "there are some good ones in SYN" - that was commentary from the poster to highlight that someone had contacted Roland and got a response and published it.

What part of his message contained market sensitive information?

The message from Roland has been proven to be factual

Disappointing - yes, I agree.

But surely you have some understanding of how AIM works? Traders piled in on Monday hoping for a 24/48 hour RNS and they haven't got it. They then get bored, want to chase another rainbow, and so sell for a loss. What goes up must come down - and the trading pattern over the last 3 days proves that people nowadays are so ridiculously impatient.

I'm actually hoping we have no news until the 13th July as I have funds freed up then to top up further if the price is anywhere near these levels.