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This is the answer I got Gordon. How it works I don't know.

Perhaps they get 51% of the profit but not hold control.

I've deleted the email way back about this, just checked and can't find it.. 🤔

By all means fire one of yourself.👍

Even if the JV is 51% SYN still hold full control of Cambay.. I emailed way back about this and that was my answer I received.. 😁

All work currently being undertaken onsite is being passed by DGH.

All boxes need to be ticked.

Once jet pump is or has been installed then obviously approximately 2 weeks will be required to establish a steady base line. As per previous flow rate .

Let's not forget that all our earnings is Tax free...😉

I stand corrected Gordon

Onwards and upwards 😉

Https://www.share-talk.com/synergia-energy-ltd-aimsyn-cambay-c-77h-update/

So currently flow rate is down from February.

150000scfd now

200000scfd February

This is way we have to go along with what DGH want..

In view of the liberalized policy adopted by GoI, a need for an independent upstream regulatory body called the Directorate General of Hydrocarbons (DGH) was envisaged to oversee and review the oilfield development programs so as to conform to sound reservoir engineering practices in line with national interests. Thus, DGH was formed vide GoI resolution dated 08.04.1993.

Zag. 🔔🔚

Look at the unknown buys that have gone through today. Not yet added to the SP.. could see a little rise tomorrow IMO. Slow and steady now..

I hope we don't see a below 12 SP..

The Placing will be conducted by way of an accelerated bookbuild which will be launched immediately following the release of this announcement.

This to me sounds like an auction with the price starting at 11p.

Thoughts please..

An accelerated bookbuild is a form of offering in the equity capital markets. It involves offering shares in a short time period, with little to no marketing. The bookbuild of the offering is done very quickly in one or two days. Underwriters may sometimes guarantee a minimum price and sale proceeds to the firm.

Zag.. ✊💦. Short and sweet...

With a find raise now I would probably expect an good update very soon via an RNS. This would lift the price back up again . Not many want to sell now so close to things happening.. IMO. 😁

Https://twitter.com/Synergiaenergy/status/1683362033574576128?s=20

Https://youtu.be/O2nb3mABsac

The ever positive Eagle strikes again...

Everyday is a risk but we carry on.. One day it will all pay off, hopefully much sooner than expected.. 😉

GRH Thank you for all your hard work and effort to reach out to others.

Your knowledge is second to none.

I'm in to the final result..

👍

I think the pump can operate 4 wells at the same time. Correct me if I'm wrong.. 👍😉

With the pump in place and producing extra gas we hopefully won't need a fund raise.. all gas sales is also TAX FREE INCOME. 😉