Synergia Energy Ltd

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Synergia Energy Ltd LSE:SYN London Ordinary Share AU0000233538 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.135 10,712,132 07:34:10
Bid Price Offer Price High Price Low Price Open Price
0.13 0.14 0.135 0.135 0.135
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Crude Petroleum & Natural Gs 0.14 -2.06 - - 11.36
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:51 O 5,617 0.1385 GBX

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Date Time Title Posts
26/5/202315:31I’m in debt because of this kind of investment of bitcoins especially182
26/5/202311:51Synergia Energy Limited518
26/4/202317:52syntopix - swap your acne for cash15

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Posted at 15/5/2023 15:57 by josephrobert
...and when the share price reaches a line of resistance the spread widens to reflect the uncertainty on which way the share price is going.

People who have a quick look at the chart can see the downward sloping resistance line which runs through the closing prices of the 2 localised intra day peaks

This resistance gives people time to load up if they believe the share price will go higher, and also an exit point for the short term traders who believe the price will go down in the short or long term.

If the line of resistance is breached then confirmation is when the volume goes higher.

My view is that the line of resistance will be breached with decent news on Cambay, which seems likely to occur based in what we know.

The other thing is that the share price will anticipate the expected good news, so for example the lift from the good news on the jet pump installation and subsequent performance might be less than expected if it is completed in reasonable timeframes and performs reasonably. If however our dreams come true and we get 0.75mmsfcd or whatever from 77H ie inc the artifical lift that would in my eyes be enough to get through a decent amount of resistance / selling pressure, ditto a firm on and accepted offer by the BOD for a 2 well carry JV.

Posted at 15/5/2023 08:39 by josephrobert
12 May '23 - 11:28 - 508 of 508 - to have a better chance of achieving their objective of filling a buy order.

If one or more MMs raise the bid it will:

Alert other market makers / dealers they may have a buy order so other MM's may come off the offer, go on the bid, raise the biod again, contact the MM etc

...and it may reduce sell orders as holders see the increase in the share price and hold off selling as they anticipate further increases

Rather than increase the bid on the RSP (ie electronic interface which allows dealers to execute buys and sells in a wide range of prices and sizes), if the MM went on the bid as the only MM there, dealers who have decent sized sell orders should not phone them on the STX to achieve best execution - thus the MM doesn't get the shares they want. For example if a dealer contacts the MM on the bid, states what he would like to do, the dealer may find out that the MM will not take the order and the MM comes off the bid. Remember the MM on the bid is only obligated to deak in the published NMS/EMS ie a small number of shares specific for that stock - so on L2 people can see that info and also see the list of MMS and what they are up in - eg 500 x 500. If that MM comes off the bid the bid price falls, and the dealer's sell order is 'ruined' or weakened at best - so if the client order was limited to the bid before the MM came off the bid then the dealer would have to go back to the client and a savy client may well work out what happened and make a complaint.

So in other words it may not make sense for the MM to be on the bid if he wants shares.

Hope this makes sense.

Posted at 26/4/2023 16:03 by arlington chetwynd talbott
Still sceptical about the chances of anything becoming set in stone until the jet pump is on site and has proved itself. The delivery of the jet pump seems a more likely launch pad for the share price than a non-binding expression of interest, but time will tell.
Posted at 26/4/2023 16:00 by ashleyjv
My holding went Blue for the few minutes after the RNS, shows how quickly the share price will move on good news
Posted at 26/4/2023 15:56 by ashleyjv
26 April 2023

RNS Announcement

26 April 2023


Update on Farm Out Process

Synergia Energy Ltd (the "Company" or "Synergia") notes that it has received a non-binding expression of interest for the acquisition of up to 51 per cent. participating interest, and operatorship, in its Cambay Block PSC (the "Expression of Interest"), in return for a carried interest in the drilling of a to be defined number of development wells.

It should be noted there is no certainty that the Expression of Interest, which is subject to various due diligence workstreams, or any other approach received by the Company, will result in the completion of a transfer of any participating interest, or operatorship in the Company's Cambay Block PSC.

A further announcement will be made if and when appropriate.

For and on behalf of Synergia Energy Limited

Jack Rosagro

Company Secretary

Posted at 13/4/2023 07:09 by ashleyjv

The jet pump artificial lift equipment for the C-77H well is on schedule for delivery late May / early June 2023. The jet pump equipment will have sufficient capacity to lift not only the fluids from the two currently producing re-frac zones, but also the fluids associated with the original four fracked zones that are currently isolated with a bridge plug. Consequently the Company plans to remove the bridge plug and re-connect the four original zones when the well is re-completed with the jet pump artificial lift system.

The currently producing two C-77H re-frac zones continue to produce on plateau at c. 150,000 SCFD, despite the extensive column of condensate in the well. The Company anticipates that production from these two zones will be enhanced by the jet pump installation and this enhanced production will be further increased by the contribution of the re-connected original four zones in the C-77H well.

The farm out discussions are ongoing and the Company does not anticipate that the C-77H artificial lift implementation will have an impact on the farm out process being concluded.

For and on behalf of Synergia Energy Limited

Posted at 08/3/2023 09:40 by josephrobert
With the recent volatility in the share price I don't know if anybody has highlighted the mention of C-19z in the last RNS. The last RNS is saying that it needs some help to get the oil out of the well, but 100BOPD would provide some welcome cash flow. The following link has some detail here:


A reasonable estimate of the cash flow would be:

100BOPD x $60 x 0.845 £/$ x 365 days/year x 0.9 discount factor = £1.6mpa

Discount factor to try to capture any downside risk in performance, price etc
Price of Oil based on Urals
Current exchange rate

Posted at 26/2/2023 07:56 by dicko80
Morning all

Been carrying out research across the boards this weekend , I really can't see any other stock that's got the same upside potential from NPV figure vs mkt cap

December presentation 13/12/22
Page 7

1 TCF contingent resources
UPSIDE for multi TCF

Page 8

"10 WELL cambay economic model"

NPV $725m
25mmsfd & 995 bopd condensate peak production

*10 wells address a SMALL portion of resource size"
* initial stage of much larger development programme "
Page 18

*the 10 wells recover 34 BCF to 2032 representing a portion of the greater resource"
*CGR of 40bbls/mmcf adds significant value"

So the huge NPV figure is actually only for the first 10 wells that recover a very small amount of the overall resource (34BCF potentially to contain multi TCF)

What's also interesting....

$725m NPV based on production figures 25mmsfd & 995 bopd condensate
Back to Page 18
"Expanding gas processing facilities to 35mmcfd"

Farm in negotiations advanced stage with multiple interested parties for commercialisation full field development in 2023

Mkt cap £15m

The share price is starting to re rate butlong way to go

Most under valued stock I've come across

Posted at 23/2/2023 13:19 by ashleyjv
Synergia Energy Ltd
Feb 22
#SYN Roland Wessel has just returned from India and a full RNS will be released early next week to summarise the successful visit with key India stakeholders and potential farmees.

Posted at 20/2/2023 16:19 by ashleyjv
As ADVFN isn't working properly, these are the figures from HSBC (3.45pm)

Share Price 0.15p Price Up Close 0.14p
Change Today +0.004p Volume 43,032,328
Percent Change +2.92% Day High / Low 0.15p / 0.14p
Update Time 15:44:06 Year High / Low 0.30p / 0.063p
Bid 0.14p Last Trade Price 0.15p
Offer 0.15p Last Trade Amount 27,341
Open 0.14p Last Trade Time 15:44:05

Synergia Energy share price data is direct from the London Stock Exchange
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