Oilex Ltd (GB:SYN) has released an update.
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Synergia Energy Ltd has reported progress in the approval process for transferring a 50% stake in its Cambay Field Production Sharing Contract to Selan Exploration Technology Limited, with formalities completed awaiting ministerial sign-off. The company has been actively engaged in discussions with Indian regulators to expedite the transfer approval. Investors are watching closely as the final government go-ahead from India is anticipated to conclude the deal.
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