Synergia Energy Share Discussion Threads

[cool hand kev] 15/2/2024 08:32

Ah an historic shorter has arrived

[josephrobert] 15/2/2024 08:28

I hope this helps explain why the share price is not meeting people's expectations

[josephrobert] 15/2/2024 08:26

cyberhub - 15 Feb '24 - 08:23 - 684 of 685 - the answer is in the link to Selan's RNS

[josephrobert] 15/2/2024 08:24

Another thought is that they have made a gain of buying the share from GSPC and selling it to Selan

[cyberbub] 15/2/2024 08:23

Why would Syn need a cash raise for workovers? The RNS says that Selan will pay for 3 workovers on top of 3 new wells?

[josephrobert] 15/2/2024 08:18

I'm not sure what SYN can do to raise $10m.

The sooner they can start with the WP the sooner the cash comes in. Maybe the plan is to start with the workovers ASAP which means a cash raise ASAP. I can't see why they wouldn't start before any GOI approval for the JV.

[josephrobert] 15/2/2024 08:10

Also worth noting the Selan's Share Performance over the last 12 months, and what could be SP's reaction to the announcement yesterday - though the time stamp states 20.17.

[josephrobert] 15/2/2024 08:04

Maybe the way to look at it is that this was the best deal available.

$10m investment and some sweeteners for 3 workovers, 2 Vertical Wells, 1 Horizontal well sometime in the future for 50% of Cambay.

[josephrobert] 15/2/2024 07:57

Also worth looking at this

[josephrobert] 15/2/2024 07:40

A quick look over Selan's latest presentation shows quite a lot



Worth a look.

[cyberbub] 15/2/2024 00:02

50% of a potentially very substantial revenue stream is better than 100% of a sub-scale revenue stream....

[waterloo01] 14/2/2024 18:07

$2.5m ($ not £) is for the sum of their work to date. Will a more experienced operator kill off some of the now many fracked wells that are seeing more and more water cut? What's the income to SYN post costs going forward?

Lot's of questions. Almost all of the RNS was already announced, just not the $20m nor the %2.5m

As someone suggested they weren't in the strongest position.

[geoffmanana] 14/2/2024 17:56

The journey is better than the arrival.

[neversatisfied] 14/2/2024 17:13

Fantastic rns disappointing reaction. Who'd thought after all this time waiting, finally it happens and the share price goes down. Long-term syn future is now secured, with guaranteed income coming in the not too distant future. I think the previous GM meeting rns and the mix up with the placing has had a massive effect on today's news. Hopefully this will start to rise tomorrow and for a few weeks after. Plenty of press to come. Roland should be doing a video interview as well very soon. All looks good other than the share price which will hopefully react positively very shortly.

[cool hand kev] 14/2/2024 16:54

Yes, disappointing to say the least. Hopefully all those late trades will lift the share price tomorrow

[tomavery19] 14/2/2024 16:48

As usual knew this would collapseSell on news event now across aim

[pre] 14/2/2024 15:38

they get $2.5m pending govt approval, till then where's the cash going to come from, that's my point and were we not expecting a greater % farm in deal?

[arlington chetwynd talbott] 14/2/2024 15:35

pre - "not fully funded though is it, thought they were getting it fully funded"No, that point was covered in the 18/12/23 RNS - the funding was always going to be for an agreed work program.

[cyberbub] 14/2/2024 15:33

Pre, in what way?

[bigpecs] 14/2/2024 15:21

Fantastic deal with an excellent JV partner Selan who are driven to become a leader in India's energy market.. onwards and upwards GLA

[pre] 14/2/2024 15:16

not fully funded though is it, thought they were getting it fully funded

[joemillion] 14/2/2024 15:14

Looks like the market likes the deal which is the only thing that counts.

[zen12] 14/2/2024 14:49

What's wrong with that, it's an excellent deal under the circumstances

[waterloo01] 14/2/2024 14:44

So they have given 50% away for $20m dollars investment, which as they are 50:50 only $10m really applies to their share of future works. ummm (Oilex holder of old)

[cawdor2001] 14/2/2024 14:41

At least they have signed up a farm out partner which must be positive that development will go ahead