Member Info for Sausageonstick

Gordon, have you emailed Roland this morning?

Hes gonna have a few emails to read this morning !!

Publicly available email

bstayt@synergiaenergy.com

My email has gone, as I want to know what happening with the $20m carry. Is it still going on? No incentive for Selan to carry on and give SYN revenue for gas. If they stall, they save themselves $20m, give SYN $14m and get all the gas.

How do you know RNS to come out this week? Did Roland tell you?

I've email Roland (which proverbial 9 times out of 10 don't get a response) and asked him to clarify a list of things.

If we are getting $14 for the 50%, then what are we getting in terms of the $20m carry for 50%. Is this carry still taking place, the workovers that WILL start in June, have they? Will new wells be drilled in September? What motivation is there for Selan to spend any money on drilling and giving revenue to SYN, when they can just wait and take it all. If $14m ends up being the price for all of SYN, then it's very cheap

As a reference point for Monday, 581 trades on Friday.

Keep an eye on those business pages, including Zak Mir on Sunday

Spant,

Profit from btc to pay for divi 😉

Yeah, thinking about it, leaving SYN as a btc treasury / cash shell with $14m tucked away, would probably be a good time for Roland to take his paddleboard and paddle off into the sunset.

I'll take that, bit of media coverage and wait for 8am Monday. Have a good one folks.

Didn't it say new strategy? If it was CCS surely that would be existing strategy?

$14m in BTC, sit back and wait

I want to know where Gordon is !!!

Spant,

You'll have to make your own opinion if it's a good deal, too many unknowns currently, I'd like to know if the workovers and drilling in September are still going ahead? Is there an incentive to Selan on spending money when they are going to shell out $14m in a few months and own it all.

With 6 x mc deal, hopefully this gets media coverage over weekend

Nice £31.4K BUY

What's not to like

Im not selling until any divi is paid and whether or not SYN are putting their their $14m into btc

Yes DaP we know, keep up. Deal worth 6 x SYN's mc.

All whilst they get $$$ from sale of gas and condensate

Tom, pack it in.

"Upon acquiring the remaining 50% Participating Interest, Selan shall be relieved from all obligations under the FIFO, including the Carry obligations of US $ 10 million and production bonuses of upto US $ 9 million. "

there's so much gas under Cambay

Selan will want this done in weeks not months

Completely agree Elegance, we still need to know if works overs have started.

From the Selan RNS vis Indian Stock Exchange it states

"Upon acquiring the remaining 50% Participating Interest, Selan shall be relieved from all obligations under the FIFO, including the Carry obligations of US $ 10 million and production bonuses of upto US $ 9 million. "

I have a feeling that Selan will want to get a shift on with this purchase. They won't want to be paying out and giving production bonuses, then the US$14m they will want to just pay the $14m and save the rest.

Spant,

Lordy I hope no CSS!!!!!!!!!!!!!!!!!!!