Synergia Energy Share Discussion Threads

[4hearts] 25/6/2024 11:31

Go on then, I'll take another 1.4m. It's about time I posted after years of investing here. Good luck all!!

[ashleyjv] 24/6/2024 16:42

"Roland Wessel is flying to Delhi on July 8th for meetings with Selan, DGH and MoPNG, and a Cambay site visit"

[geoffmanana] 24/6/2024 13:39

I totally agree Kev, but that IS the risk, and that is why imo the share price is where it is.
Approval and we have take off.

[cool hand kev] 24/6/2024 13:01

I doubt that very much India needs oil and gas IMO

[geoffmanana] 24/6/2024 12:31

The risk of course is that GOI do not give approval.....where are we then?

[jonesy27] 23/6/2024 22:07

Could not agree more Candlestick. Think we are entering into a very uplifting period. At 12m it surely is undervalued?

[candlestick1] 23/6/2024 18:56

Zak, Zak, this is just for starters. There is a proper business here - GoI is just the starting point. Without us being diluted to hell. https://x.com/candlesticks18/status/1804932298984268174?s=46&t=ipW7IMp6GVgCsYSTs_Wd3g

[candlestick1] 23/6/2024 18:29

Here's my argument for SYN and why I believe it's woefully undervalued:- MCAP of just GBP12m currently- GoI approval "imminent", immediately giving USD2.5m to SYN- CEO taking short-term loans over dilution to protect shareholders- A free carry for the first USD20m of drilling - 3 new wells and 3 work overs- Additional bonus payments of up to USD9m based on production targets- Retaining 50% of all revenues - no cost liability until 3 drills completed.- Targeting BASE CASE of 4MMcf/day PLUS 160bopd of condensate (UPSIDE CASE of 6MMcf/d & 240 bopd)- Revenue based on 4MMcf/d gives USD20m+ to SYN once 3 wells producing. No outgoings at this point due to free carry- New drill expected every 5 months of a 10-drill programme- Peak revenue after 10th well producing of USD4m per MONTH- Possibility of 30-wells to extract P50 of 206Bcf reservesOnce GoI approval is given, we just need them to crack on and Synergia will be unrecognisable from today. None of the above includes the benefits from their CCS schemes.

[candlestick1] 21/6/2024 11:00

Looks like yours pushed the offer up. 0.118p to buy now (but still giving nothing away on the bid)

[ashleyjv] 21/6/2024 10:57

Went through just as I posted lol

[ashleyjv] 21/6/2024 10:57

I'm trying to buy 1mil shares but its taking ages to go through

[ashleyjv] 21/6/2024 10:55

Yep

#SYN The Cambay PSC has been amended to reflect the name change from Oilex to Synergia Energy. The last stage of the Selan JV approval by the GOI is imminent.

[candlestick1] 21/6/2024 10:36

https://x.com/synergiaenergy/status/1804083332524704211?s=46&t=ipW7IMp6GVgCsYSTs_Wd3gImminent.

[cool hand kev] 18/6/2024 11:03

At this rate we’ll probably get a CCS farm out deal before we get GOI approval 😎

[totally banjo] 12/6/2024 19:12

12 June 2024



AIM: SYN

Financing Update



Synergia Energy Limited ("Synergia" or the "Company") announces it has entered into a further short-term loan to provide working capital pending the Government of India ("GoI") approval of the transfer of 50% of the Company's Cambay PSC to Selan Exploration Technology Limited ("Selan"). The GoI approval is expected in the near future and this will trigger the payment of USD 2.5 million to the Company by Selan.

In order to minimise equity dilution for shareholders, the Company has obtained further loan funding from existing investors of GBP400,000 on commercial terms and on an unsecured basis. It is intended the loan funding will be repaid from the abovementioned Selan payment, once received.

[arlington chetwynd talbott] 10/6/2024 15:09

cool hand kev - do not jinx it!

[cool hand kev] 10/6/2024 13:56

Lots of volume, perhaps news is coming?

[cool hand kev] 07/6/2024 11:47

10 million buy yesterday and a 10 million sell today and yet the share price hasn’t moved yet

[neversatisfied] 07/6/2024 08:15

Not waiting for results just the fact the elections were being held and distracting officials from their day jobs. Why does the fact there wasn't an overall majority help?

[geoffmanana] 06/6/2024 10:23

Another point worth mentioning is that according to a report on Sky, India is buying oil & gas from Russia and selling the surplus on.

[geoffmanana] 06/6/2024 08:28

Modi was odds on to win an overall majority, so I don't think waiting for the election result is a factor here imo. Perhaps the fact he didn't get an overall majority might help.....who knows?
Meanwhile the cash goes down.

[neversatisfied] 05/6/2024 15:25

If only we knew. Was a matter of weeks 4 months back. Now Indian elections done hopefully within the next 2 week. They were hoping to start a summer drilling campaign. I'm sure Selan will be onto them regularly as they have some big bods from Cairne Energy involved with them that I'm sure will have good contacts in the Goi.

[geoffmanana] 05/6/2024 08:54

How long did we expect this approval by the GOI to take?

[cool hand kev] 15/5/2024 16:16

Moving back up hopefully break 0.14 this time

[cool hand kev] 10/5/2024 13:59

Agreed. I doubt Those who have a personal pension aren’t switching funds once a week if it’s under preforming.