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The latest update is out from Oilex Ltd ( (GB:SYN) ).
Synergia Energy Ltd announced updates on its key projects, emphasizing a $20 million development program in India, where it plans to drill three wells and conduct several workovers to enhance production and cash flow from the Cambay PSC. In the UK, Synergia is seeking a new joint venture partner for its Camelot CCS project after Harbour Energy’s withdrawal, pausing non-essential technical work until a new partner is secured. These developments underscore Synergia’s strategic focus on expanding production capabilities and navigating partnership dynamics in its operational regions.
More about Oilex Ltd
Synergia Energy Ltd operates in the energy sector, focusing on onshore gas and condensate production in India and carbon capture and storage (CCS) projects offshore in the United Kingdom. The company collaborates with Selan Exploration in India and is involved in the Medway Hub Camelot CCS project in the UK.
YTD Price Performance: -6.25%
Average Trading Volume: 36,613,872
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.95M
See more data about SYN stock on TipRanks’ Stock Analysis page.
