Member Info for Ssccss

Come on... Mr I is totally dodgy. His opinions are bipolar. Do people on here not actually read and remember what others post.

Any thoughts in general on the decline of AIM?

https://www.ft.com/content/e3b1db07-f9eb-404d-9079-5801042b1bdb

Mr Jinx, JHFH stated the raise was supposed to be 300m shares at 1p. Is that in line with the current restrictions?

It's beyond inevitable that this sp will go up at some point in the next 12 months. Just depends how long people are prepared to wait for that to happen.

I didn't say anything about people buying. I'm sure lots of people are watching and waiting for an entry. It's not rocket science.

Looks like syn bargain basement sp is attracting some attention, can only be a good thing IMO.

Agree toffers, on some shares it's more obvious than others.

Well Number Completion Operation

C-70 Perforate MBS formation

C-63 Wellbore cleanout; re-perforate; install artificial lift pump

C-64 Install artificial lift pump

C-73 Wellbore cleanout; install artificial lift pump

C-20 Install artificial lift pump

C-74 Wellbore cleanout; install artificial lift pump

C-77H Well data acquisition; finalize future workover program

Selan plan to conduct workover operations on a minimum 3 wells and potentially up to 6 wells on the Cambay PSC.

The workover sequence, starting with C-70, will commence after the wells have been subjected to individual pressure gradient surveys during October / November 2024. All the contracts required for the workover operations are progressing as per the timeline. The Company believes the workover program will result in material incremental production and cashflow from the Cambay PSC and a better understanding of well behaviour ahead of the drilling of three new wells which is currently planned to commence Q2 2025. Synergia will be carried by Selan through the agreed US$20 million work program.

We now know it's a minimum of 3 well workovers but we are also funded for 3 new wells. If the new wells are successful, that will impact the sp, because at the moment and for a long time, SYN has had negligible income. That will change with the workovers but even more so with the new wells.

Crusty, from the RNS:

"In exchange for the 50% interest, Synergia will be carried by Selan through an agreed US$20 million work programme ("WP") comprising 3 new wells focussed on the Eocene reservoir and 3 well work-overs"

Yeah Thursday 24th. Hoping to hear something this week personally. If it's not back early November, then I think we all have reason to complain.

And what about all the other posters? Or is it purely just me that's got such a powerful impact on the sp and it's obviously only me that's going to make any money.

Also, yes it's a correlation... Not causation. Correct answer.

Your logic isnt exactly watertight.

Trout, are you aware of the difference between correlation and causation. Trips many people up.

To be fair, the selling isn't that bad, it's just it doesn't take a lot to drop the price due to lack of liquidity. It might just be DV Harrison losing patience lol

I'm looking to average down too but like you, I don't want to do it prematurely if I can help it.

The level of patience required for this share is not for everyone.

I'm assuming most people are waiting to hear about funding, then they will invest.

If you do dummy trades, often the bid/ask are actually different. IMO it looks worse than it is. It's not great though but I'm not sure what Roland expected when he didn't address funding in the investor meet. Won't be forever though, syn will have an income eventually.

It will be interesting finding out what happens over the next 6 months... Investing in syn has worked wonders for my levels of patience haha

So £3m...