The latest announcement is out from Oilex Ltd ( (GB:SYN) ).
Synergia Energy Ltd has made significant progress in its strategic initiatives, notably finalizing a joint venture with Selan Exploration for the Cambay PSC in India, which includes a $20 million work program to enhance gas production. The company is also advancing its CCS projects, with the Medway Hub Camelot project in the UK undergoing partner changes and the Cambay CCS scheme in India seeking government funding for a pilot project. These developments are expected to bolster Synergia’s operational capabilities and position in the energy sector, with potential implications for increased production and sustainability efforts.
More about Oilex Ltd
Synergia Energy Ltd operates in the energy sector, focusing on the development of gas and condensate fields and carbon capture and storage (CCS) projects. The company is primarily involved in the Cambay gas and condensate field in India and the Medway Hub Camelot CCS project in the UK, with a growing interest in CCS initiatives in India.
YTD Price Performance: -52.00%
Average Trading Volume: 32,447,024
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.05M
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