Member Info for Ssccss

NS, that's a sell at 0.19 yesterday. Sp shot to 0.20 yesterday and then someone offloaded.

After a placing occurs, especially with SYN, the sp usually drops to the placing price, simply because no one wants to pay more than those in the know who got the cheap shares. So unfortunately... It's not a case of placing done, Sp rise. Unless some new good news comes too. I feel we are out of good news for a while.

Also, where does this fit in? No one has mentioned it...

"Selan has currently entered into a scheme of amalgamation with Antelopus Energy Private Limited, another highly respected Indian oil and gas operator, which is currently awaiting regulatory approvals"

So what are we waiting for now. I can't keep up...an RNS about the AGM? Confirmation of placing or no placing and an interview? Then we wait for GOI approval. Then work programme can commence if we have the equipment... Sounds like more waiting to me to be honest. Does anyone who has been holding SYN for a while, think this will all happen quickly for once? That would be refreshing.

You can take a horse to water...

Dealer, Im pretty sure carrot didn't lose money in this situation haha. Unlike the majority here.

Wwal are you part of the telegram group? Is that how you know about the supposed upcoming interview and apparent the company reporting market abuse?

Nice to see EaglePi back.

I've been out all day. I see LTH have mainly taken an absence of leave while the newbies have led the boards descent into chaos... Quick work. Hope normal service resumes soon.

Stop being a baby. People are allowed to sell. We are all here to make money.

Oh it makes sense now. The work programme is 20USD. They are paying for their half (10M USD) and our half (10M USD). So they are paying our 10M USD contribution. Is that how you understand it Gordon?

I read it as 20M USD was being provided by Selan???

"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"

It's not clear. Gordon what do you think?

Basic maths

It's 20m USD not sterling. Come on.

It's 2.5 USD not sterling.

Apologies dealer. I didn't realise you were so sensitive.

Off the back of this, probably a pump and dump on its way tomorrow to allow some holders out.

Smells fishy to me... Much like all the sells into the rise today.

Alliance news... Not a good look.

Interesting typo on the share news published..."Synergia receives a cash payment of USD2.5 million immediately". That is not what is states in the RNS. That might trip a few investors up.

"Synergia Energy Ltd - India and UK-focused gas production and carbon capture and storage project development company - Announces the successful conclusion of negotiations with Selan Exploration Technology Ltd and execution of a farm-out agreement regarding the Cambay Field production sharing contract. Agrees to farm out 50% of the 100% interest held by Synergia in the Cambay PSC to Selan. In exchange for the 50% interest, Synergia will be carried by Selan through an agreed USD20 million work programme comprising three new wells focussed on the Eocene reservoir and three well work-overs. Synergia receives a cash payment of USD2.5 million immediately, proposes to apply the proceeds towards working capital purposes. Synergia retains a 50% interest in the Cambay PSC and a 50% share of the future production and revenues. This includes bonuses of up to USD9 million, linked to future cumulative gas sales thresholds"