Member Info for Ssccss

Agree Wolfman.

Yes, thanks Gordon for putting together your thoughts.

NU, it could be an issue, it probably isn't an issue. Nothing any of us can do about it at the moment.

If people are concerned, it would probably make more sense to email the company. You might get some relief.

This is all getting very tedious now. Maybe some posters are just more prone to anxiety than others.

You pay your money, you take your chances. We will all find out soon enough. You should never invest more than you can afford to lose, then you will find investing much more enjoyable and less anxiety provoking.

GLA, I'm still optimistic for what it's worth. Keen to hear by November though. If it drags on into November, I may have to reassess my viewpoint!

Oh yes I remember the low hanging fruit comment. It does make sense to gather information from the workovers before starting to drill new wells, to ensure they are as successful as possible. It seems things can't really be rushed with Cambay because the geology is challenging.

Makes sense Espen. Thanks.

With regards to thoughts about why investment is low. On the retail side, I feel it's due to delays, the length of time required and uncertainty about flow rates (generally related to Cambay).

On the ii side, I don't feel there is enough potential in Cambay to attract them. Cambay IMO is merely to sustain the company and fund CCS. If iis invest in SYN, they would have to be on board with CCS... At the moment I'm just not sure how much knowledge there is about CCS, if people are convinced it's needed and or how much money it could make. The fact it's not being delivered (understandably) until 2028/2030 introduces a lot of risk. So, as Roland stated, SYN need to keep pushing the education side, along with other more influential players like BP/Shell.

Another interesting point -

"Reiterated that it would be a merchant scheme independent of government money. Seems odd to turn down free money, to say the least, especially as they say they are looking to the Indian government to finance a CCS pilot there."

I'm assuming there must be done benefit to SYN, Roland stated he didn't think there would be government funding beyond the initial stage. Would be interesting to hear SYNs rationale behind not applying for funding. Maybe it gives them more autonomy in some way or allows more flexibility in a new and possibly fast moving market.

"Income from the initial 18 month WP should be sufficient to fund further programs going forward and the full field development. He reiterated a target of 8 mmscfd for end 2025. He said that would be 4 mmscfd from the horizontal well and 2 mmscfd from each of the vertical wells. That implies the workovers won't be contributing much by then."

You have raised a good point Gordon but it begs the question, why do the work overs at all then?

I'm sure there will be another raise at some point but I would hope they wait until a higher sp. I guess it depends on what their options are.

I'm happy to wait. After hearing Roland speak today, I feel it's much lower risk than previously. I'll continue buying if it drops. I'll try to remain patient...we all know the timelines will probably slip... Just hope it's not by too much.

If people can be patient, this does seem like a great entry price but as always with AIM, it's highly unlikely most people will want to tie up their cash for another 6 months as there's always another share to chase.

Yep. I think you are right, not much action before Xmas. Things should be on track and some income should be coming in by Easter hopefully. Just got to be patient again. It was good to hear much more detail from Roland though. Long may it continue.

And Shell. Impressive.

Or did I miss it? Wonder if it will be another loan. The fees are extortionate but not sure what else they can do until the money starts coming in.

Nothing mentioned about funding though? Or id

Just listened to the recording. Will have to listen again properly later. Have to say, the level of detail was much improved and I feel much more reassured about the next 2 years. Good effort by Syn and Roland.

Thank you. Much appreciated.

We can't access the recording yet?

Exactly Zag, there's not much more to say. Great summary.