Member Info for Sausageonstick

Hi Espen,

I was was just posting my muses on an RNS, but yes it did look like I was responding to your post. Didn't mean to sound like I was suggesting anything different than eventually will get an RNS.

My other musing is that now the methodology has been proven, with flow rates increasing and (again my view) flow rate to increase further once column of condensate has been removed my view is that SYN will be charging ahead with the farm out. We have the methodology, the flow rates in a country that is desperate for an energy supply that helps reduce energy reliance on other nations. I'm hopefully that there will be a number of companies in competition to get their mits on 50% of the deal.

On the 19th October SYN stated "The Company is currently designing a revised completion string incorporating a downhole pump to lift fluids from the wellbore and to enhance production rates."

So there is the design, build and implementation stages. I hope by now the design has been completed. The build stage will require them to procure and put together the pumps down the hole, then implement/ start the pump to remove the condensate whilst monitoring the flow rates/ pressure. My view is that it's too early for an update RNS as it's only been a couple of weeks. Give it another couple of weeks I'd say for a progress update.

Novum, why did the Quint @Rollinopi account on Twitter disappear/ get deleted?

There will be a few that wanted more from the quarterly report, and so are exiting today. Not sure what more they wanted but hey ho.

The 3-6 months for the farm out is, I believe, as someone stated the worst case scenario. I still think it will be our Christmas present from Roland. Patience is needed now while Roland goes about what he gets paid to do. Lets see how long it takes for interest to build back into blue trades

Roland is doing a great job. Looking after the pennies, proving up the concept, working now on the farm out agreement. Selling gas and condensate.

I'm pretty sure the estimated cash burn does not take into effect the expected income.

Cash burn is the cash burn, it is what it is. Revenue is revenue. Irrespective of the cash burn rate the revenue is what it is and irrespective of the revenue the cash burn is what it is.

So we might be burning through c£200k a month but the key is how much of that burn rate is paid for from revenue and how much is paid for out of the SYN piggy bank. So say we are getting £100k a month revenue and £100k from the piggy bank them the £1.3m is going to last considerably longer.

Let the people of the door who want to leave and fresh money in from those that have faith in Roland.

And the barrels on condensate being sold at c$80 a barrel, revenue from gas being sold + north of a £1 million in the bank.

No placement in the short to medium term

Looks like all good news, especially the money in the bank. Looking forward to a positive day.

mannnan,

Not sure any one said there was a rise?

Steady buys trickling in, and price of buying inching upwards towards full ask. Got a feeling people are taking their seat early for the quarterly report RNS

Nice, £10,000 buy gone through

...read this Board. They raised the bid and closed the spread.

Steady stream continuing

My plan is to make some money on Synergia Energy (SYN) then come back here.

SYN have a proved up methodology for re-fracing for gas in the Indian Cambay region. Already selling gas into the Indian gas network and selling condensate at c.$80 a barrel. Currently working on a farm out agreement due before Christmas.

Gaining interest in my opinion, share price up at the time of writing. I'll be back here to take a view on ROQ. DYOR and all that common sense stuff like investing what you can afford to lose.

#SYN Up we go, interest is building here in my opinion. Quarterly report due imminently. Farm out agreement being worked on. Gas being sold into Indian gas network and condensate being sold for c$80 a barrel.

I'll take the steady stream of buys and an uplift each week until the farm out is agreed

Can anyone see what's on the MM books at the moment?

...and it's exactly what we need

5 blue trades a ha haaaaa (say it like the Sesame Street Count)

I think there needs to be a bit of Twitter pumping. Where is that Quint / Novum van Nostrolboy when you need him?

Well, all three of them - lol