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Think it will push above 0.14 before close. Maybe even approach 0.15p

Can't they see what's happening with the bid/ask. Sells arent even making a dent at moment. Looks very positive imo.

Me neither but I've seen it before in lead up to JV. They will be sore next week.

Something seems to be happening now.

Maybe the RNS will drop this afternoon or Monday.

Or filling a very large buy order. But seems unlikely considering the sheer volume sold today.

All I can see are sells but bid has been raised. Mms will be selling these at a much higher price and they know it.

. 13p is so cheap for this stock. Sellers will kick themselves next week.

I feel like the mms are accumulating stock. They will take a fair chunk and there have been many sells. But it's not really affecting the ask

Have to say I'm surprised there hasn't been a build up yet. Any thoughts?

Well this is dragging...

Unfortunately, working with the Indian government has always been a slow process for SYN. This is the last part of the puzzle now though. It's been a long, long slog to get here. Final hurdle nearly overcome.

I'm hoping that along with the GOI approval, SYN will provide more detail about the work programme and tentative dates.

It's difficult to outline a start date because they cannot award contracts until they have approval and we they get approval is totally dependent on the Indian government. So I don't think syn can be blamed for that.

From the RNS...

Summary of the transaction

· 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

· The WP is to be completed within 18 months of the later of GoI approval of the WP or the award of contracts for the WP, extendable by a further six months in certain circumstances

· Synergia will receive a cash payment of US$2.5 million immediately following GoI Approval. The Company proposes to apply the proceeds of this cash payment towards working capital purposes.

· Synergia will retain a 50% interest in the Cambay PSC and a 50% share of the future production and revenues.

· Synergia will be entitled to bonuses of up to US$ 9 million, linked to future cumulative gas sales thresholds being achieved as follows:

o US$0.5 million, if cumulative gross gas sales from the Cambay PSC exceeds 5 Bcf;

o US$1.0 million, if cumulative gross gas sales from the Cambay PSC exceeds 10 Bcf;

o US$1.5 million, if cumulative gross gas sales from the Cambay PSC exceeds 15 Bcf;

o US$2 million, if cumulative gross gas sales from the Cambay PSC exceeds 35 Bcf; and

o US$4 million, if cumulative gross gas sales from the Cambay PSC exceeds 70 Bcf.

· Selan has the option to participate in the Cambay CCS scheme on terms to be agreed

· The farm-out agreement contains warranties given by the Company to Selan in relation to, amongst other things, title to the Cambay PSC, as well as certain limited indemnities. The agreement is governed by Indian law.

They know the resources are there. It's a matter of getting it out of the ground. Lots of work has gone into this. Selan would not bother partnering if they didn't believe they could get it out. They are very experienced, as is Roland.

Agree candlestick, there is probably too much focus on approval and not enough thought about what it actually means to SYN. It is transformational for them. They have literally been a shell for years.

Why 11th? I'm expecting it this week or early next week.

I think your post was on the thread which had to be deleted because it contained fabricated information.

Lots of selling indicates to me that the market doesn't believe approval will be this week. Wonder if they will be caught out.