Member Info for Sausageonstick

...especially as we are not expecting news for a week or so.

They said 2 weeks until the 🔌 ,no 🔌 decision, so a little early for an RNS.

...bring SYN?

I think at some point over the last 6 months Roland had to start negotiation again with new companies, hence the length of time taken.

Yep I heard that too.

£10 million from each to take 24.9% each maybe?

Can't see the these companies being the ones Roland talked about 6 months ago.

Still think, my own opinion, the JV partner they started talking to a year ago, isn't the same partner they talking to now. It just doesn't take a year to discuss a JV with one company.

Time will tell, just feel they are working on the last few things that need to fall in to place for the jv to get signed.

Having listened to the presentation, and knowing its two weeks until the plug no plug decision is made, I can't believe anyone is going to believe a pump at the moment

If they decide to plug zones 1-4 , and then a wait on a rig for 30 days, you might be able to buy in a lot cheaper !!!

I think there are quite a few of us looking to take some more if this drops a little more. Would be nice to lower the average this close to a JV announcement.

Few sells going through today, which would normally drop the price, but seems the price is holding well.

Yes Gordon Q4

Why doesn't everyone write out how they think this is going to pan out.

JV

Based on what Roland said in the IMC presentation, I'm going with a JV in Q3 2023. I think it's very close and I think Roland is optimistic that JV can be signed in 2023. I think the JV partner will pay for the first 2 drills and fracking from the same pad into virgin ground. The flow rates from those two will be immense remembering just how much gas hey think is down there at the moment. The 77H 6 zones and the new wells will then be able to fun the next few (I won't guess at the number). They in turn as more gas is sold fun greater and greater expansion.

C77

I think Roland will end up plugging the first 4 zones I'm afraid. They knew that water came in and they had to shut down production for a bit, so water has been a known problem for years. As Roland says we are dealing with geology that doesn't always play ball. So I fear the jet pump will be removed, zones 1-4 will be plugged then the jet pump reinstalled. It will remove the water and the uninhibited gas will flow after thus giving us the new flow rates in December.

Funding

Funding will be tight, there may be a small 'bridging' placement just to get us through. Especially if they have to get a rig back onsite which won't be cheap.

The BB

We'll keep on churning the same theories until a RNS sends us off on a different trajectory.

.. until the plug no plug decision is announced?

I'm getting a lot of filtered messages appear, the shiester twins must be pumping this to get it back to their entry price 0.13p.

No need to reply, I can't read filtered messages

Gordon,

I'm beginning to think that the initial potential JV partner, isn't the same one they are talking to today.

If they are not hung up about flow rates then it just wouldn't take a year to get this over the line.

I have a feeling that the initial JV partner discussions didn't come to anything, and that SYN have then gone back out to the market to get a new set of JV partners which they have been negotiating with for a lot less than a year. Just my view, but I'm realising they just can't have been in the same discussion with the same potential JV partner for well over a year, it doesn't add up.

The last thing I want here are certain members of the Twitterarti bang on about Syn for the next 6 months!!!

Chart says 0.08p, at that point reassess the chart to see were the support lies. If it drops through the support, then who knows where it will end.

Can't see any updates for at least 2 weeks until they know to plug or not to plug. Then if it's plug it's going to be 6 weeks to get a rig, set it up, plug it and get the fluids out.

The chart says 0.08p is inbound. I'd wait and we can all buy together - lol

Made me laugh when said that "We anticipate another 3 days before the fluids are removed and the well is fully re-activated." didn't actually mean 3 days !!!!