Member Info for Wolfman79

I think this is just timing on no info. Did anyone go today? The sale will go through, SP will increase (slightly) we will get a payout (not for many to recover losses) and we then decide what to do

Gordon, i think the excusivity period end the first week of December. I like others hope RW has something up his sleeve but from my understanding Selan are as slippery as they come, and through a well informed contact Republic drive a lot of what RW can do because without their support there is no company. Maybe just maybe RW took the $500K knowing they wouldn't get the deal done and it bought us the time to keep the company afloat knowing Selan were under pressure from GOI to perform the WP. I would love to know the figures being added to the bottom line from these recent updates (is this enough to keep us going finanicaially on a month to month basis - remember we have no debt). Is the plan to stick with the WP because we can now financially or infact try an prize a larger amount from another Indian National who getting into Cambay at a lot higher than $14 million and he is actually playing Selan at their own game. Maybe just Maybe and we live in hope

$20000 per month to br added to bottom line (50% split) based on BOPD numbers am i right?

Gordon, i think the sale will be a done deal if honest. As much has been said about the failings of SYN's management, i think Selan are crooks and this has been the intention all along. I wouldn't be surprised if they are facing a little heat from GOI and this is why we are getting the updates. I know us shareholders would all be in dream land if the gas started to flow and started bringing cashflow to avoid the sale but i cant see it. Would be nice if the Selan exclusivity period ran out and we had enough income to see out the $20million WP and we played Selan at there own game and offered out to another 3rd party who had major backing and cashflow wasnt an issue and would could achieve a higher price than we are getting and then they turn the heat on Selan

Sausage, I think thats whats been happening all along, Selen dragging heels and they know the law in India. They structured the deal in a way that they hoped SYN would collapse. At some point though the GOI will probably look at what they have done in 18 months on the WP and this is probably reason they have finally installed sucker rod. SYN will definately be receiving 50% of revenues and that is why i think they will push the deal through as also i think their period of exclusivety will run out prior to end of year

Gordon, current MCAP is £3million, lets say RW states sale has been agreed on previous terms which is circa £10.5 million minus tax. On my positive take of £4million payout now and £4million in 12 months the payout would be £2580 on a current share value of £2000 - SP 0.02 - 10,000,000 (all this is based using 10 million shares as an example) Maybe i am wrong but if you can buy 10 million shares for £2000 to POTENTIALLY receive a payment shortly of £2580 and then again the same in 12 months time how can it still be valued at 0.02 even on my £3million payout you would potentiall receive £1935 shortly and again in 12 months for a £2000 investment this surely has to push the price up when people realise this. Now i know this doesnt help LTH but anybody thinking of investing now is surely going to make good money (based if the deal goes through and how much they hold back)

I honestly dont know if RW will return the money but my gut feel is he will have to. He may have to put numbers in the sale to get the SH approval. I am toying with the idea of topping up on the basis i mentioned because i think the SP would go to 0.06 to 0.08 if 3-4 million was confirmed to be paid out. I think what could limit the SP though would be LTH's selling on this news if there was a spike. Maybe this would be the way to refresh the shareholders

Gordon yes i was getting confused with decimals, it comes with age and the amount of dilution and lowering of this share price! My point is as follows, all based on 10 million shares which equates to £2000

2 million payout to share holders = 0.000129 per share = £1290 pay out for £2000 holding

3 million payout to share holders = 0.0001935 per share = £1935 pay out for £2000 holding

4 million payout to share holders = 0.000258 per share = £2580 pay out for £2000 holding

I think RW will have to payout at least 3 million of it for each tranche to keep shareholders happy. Whats peoples thoughts on this? Will this move the dial north on the SP if the sale gets agreed? He almost suggested the sale should give a SP of 0.06 to shareholders in his RNS correction around the sale

Like everyone else on here i am torn on if i should start loading up on this share. Every LTH has lost money here but on my maths there has got to be some short term value. We get the Cambay sale over the line and there is going to be by my guess 4 million paid out 1st tranche and then the same again 12 months later. £4million divided by 15.5bn (shares in issue) will give 0.000258 per share. If you have 1000000 million shares is worth £2000 and potentially tou will get a payout of £2580 and then the same next year. Does anybody else agree with the maths and looks positive if this goes through?

Selan Exploration Technology Limited ("Selan") have contracted a 50-Tonne workover rig with Aakash Exploration to undertake three workovers, commencing with a workover on the C-64 well. The civil works on the C-64 wellsite have been delayed by monsoon conditions but the workover operation which involves the installation of a sucker rod pump ("SRP") is scheduled for July 2025. The C-64 well has historically been an intermittent oil producer and the installation of the SRP is anticipated to provide an enhanced and consistent production level.

I think when shares like this one are in such a bad place it is never easy to see where any positive news can come from. Republic will be fuming and i maybe i am a glass half full person but we have got to try and get out with something. They will get the vote for the sale, and as shareholders we need to demand our share of it. We also need to keep updated with costs especially executive salaries. Lets say they get the sale and purchase agreement sorted and we get out first tranche Q1 2026 (After GOI Approval) do people still think the share price will still be here? I have written off a lot on this s**t show so surely it cant still be down here if we have that cash. My main concern is timescales and how long this all takes with the history of it all

Ssccss - I totally agree he needs to get us out with something giving all back to shareholders, wind the company up and then the seperate company CCS is in continue to try and make us something

I for one will be going to AGM and would be nice to see a few shareholders there too. Republic are probably the ones most out of pocket and i am sure the CEO Anwar Awan will not be too happy having invested so much money in this s**t show. As I understand it Selan are the slippery of operators and like said before this was likely always their plan to attain Cambay on the cheap. They know more than Roland what and how they can get away under GOI licences. I did hear a rumour that they tried to get Republic on their side before the sale of Cambay was agreed. Although we are all likely to lose out on this financially the only small hope is that the sale and purchase agreement gets finalised and we dont have to litigate against Selan as I dont think we have enough as a company for this unless Republic fund this. Hindsight is a wonderfull thing but we should have been involved in the drilling not just having a free carry. Hopefuly we all get out of here with something (I am not convinced) and by the time we do Rolands baby CCS is 'creating shareholder value' as we keep being promised.

Gordon, i dont think anybody really realised how tough it is to do business in India. I think Selan have screwed us over and RW will have to take responsibilty for that as in hindsight the JV terms didn't have missed deadline penalties. As i understand we have the $500000 cash so this keeps the lights on and will do so for a quite a while if all the cut backs are true. As PI's i can only speak for myself being underwater on a large holding but think the sale will ultimately go through and we will then delist and I believe this will be dictated by Republic as they have lost more than anyone. On CCS i am sat on the fence as in theory it looks good but we all thought the same about the JV. If we do get 6 million dollars for the first tranche what is peoples views on the SP if he does return money to investors? In $ current MCAP is 4.04 million if $6 million is in the bank with furter monies to come surely it has to be valued higher right?

Evoke dodged a bullet with Kenny Alexander, it wont be long until the next approach with this SP langering down here

The expectation for news on this board is a nightmare. Just because the CEO doesnt update every little detail doesnt mean things arent happening. For what it is worth i am really unhappy with the price received for Cambay but from memory the first tranch is $6.5 million which is £4.4 million. We have a MCAP of £3.31milion so if funds will be returned to share holders the value has to jump considering there will be anothe $7 million a year later. Those who buy at these will be rewarded fact to what level of risk you take -god only knows. The market dont believe which is understandable because its been a nightmare with Selan who have played us all along. My guess is when full agreement is reached there will be a scramble for shares buyers and sellers however what value it will put on the company i think no one knows GLA

I've given up guessing with this share and even with a sustantial holding am just looking long term. I hope for good news tomorrow and would think the shorts closing would be a positive. From L2 data it looks like more buys than sells so maybe mm's are allowing the II's in at a decent price or it was manipulated down to close the shorts

I think we can all agree that most shareholders are going to lose money here and here is my opinion for what it is worth. The sale of Cambay will get done quick as Selen are just the next company to think they can monetise Cambay. The problem with SYN has always been cashflow like most AIM companies but i do believe RW will try and act with as much integrity as possible to shareholders and will try and return the funds received from Selan to shareholders after all he would have probably consulted the biggest share holder RIM on this deal as they have probably lost more than most on this company. India is a notoriously bad place to do business and i think Selan knew what they were doing all along. Now i am in no way backing what has happened here but we all knew it was a risk when investing and in hindsight most could of got out at profit on JV news but greed took over. My guess is we will all get back between 0.04 and 0.05 from the sale and the company will delist. MM's will still buy shares here which should tell us something as they are only in it to make money

Here is my 2 pennies worth for what it matters and i might be way off the mark. Selan entered into a 20 million WP and paid 2 million up front for 50% off Cambay. In the meantime SYN's SP started to crack and nose dive. Now a company doesn't invest this type of money without there being an attractive propostion to make money. I think RW may have been naive to allow Selen full control over the WP and because of the SP crash, Selan changed tactic and though lets delay as much as possible to see if we can get the other 50% as cheap as possible. RW i still believe to be a positive CEO as all though it may not seem and may be a bit delayed is not allowing this scenario to play out after all he has a couple of large II's to answer too. $20 million is roughly £14 million which sees the SP 0.09/0.10 so it is my guess this is what has been happening beind the scenes because if you could pick this whole asset up for $40 million you could potentially get 10/20 times that amount of of it. Just because an RNS hasnt been published doesnt mean there are delays the information may not be ready to put into the public domain. Be careful what you wish for because if Selan hoovered up SYN no one is making any profit. Give RW until mid next year and remember this post because i dont think the delays can continue and when the first drill is complete cash flow could come flowing in. GLA

Should have read X before posting!