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Oilex Ltd (SYN) vs. S&P 500 (SPY)
Oilex Ltd Business Overview & Revenue Model
Oilex Ltd Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 638.46K | 1.30M | 141.44K | 0.00 | 0.00 | Gross Profit |
| -410.54K | -1.27M | -656.29K | -5.71K | -36.27K | EBIT |
| -3.69M | -4.61M | -1.68M | -1.56M | -4.43M | EBITDA |
| -1.36M | -5.01M | -1.88M | -1.46M | -3.98M | Net Income Common Stockholders |
| -2.80M | -5.38M | -2.06M | -614.35K | -4.49M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.07M | 938.59K | 4.91M | 4.75M | 173.82K | Total Assets |
| 19.87M | 18.98M | 25.78M | 15.14M | 13.15M | Total Debt |
| 1.74M | 774.67K | 451.36K | -215.27K | 769.55K | Net Debt |
| 670.20K | -163.92K | -4.39M | -4.53M | 595.74K | Total Liabilities |
| 9.91M | 8.64M | 11.19M | 6.16M | 8.11M | Stockholders Equity |
| 9.96M | 10.34M | 14.58M | 8.98M | 5.04M |
| Cash Flow | Free Cash Flow | |||
| -3.36M | -5.38M | -4.84M | -1.53M | -2.89M | Operating Cash Flow |
| -2.75M | -5.37M | -4.80M | -1.39M | -2.84M | Investing Cash Flow |
| -608.95K | -3.23K | -2.58M | 501.20K | -123.79K | Financing Cash Flow |
| 3.47M | 1.54M | 7.80M | 4.99M | 2.78M |
Oilex Ltd Technical Analysis
Oilex Ltd Peers Comparison
Oilex Ltd Corporate Events
Synergia Energy Ltd has announced a successful £750,000 equity capital raise through the issuance of 2.5 billion new shares. The proceeds will support the company’s operational costs and ongoing development in its Cambay field, with expectations of increased revenues. The fundraising involves contributions from existing and new institutional investors, including a substantial shareholder, Republic Investment Management, marking a significant step in strengthening the company’s financial position.
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.
Synergia Energy Ltd has appointed Andrew Darbyshire as an Executive Director, effective immediately. Darbyshire, who became the company’s CFO in November 2024, has a strong background in finance and has played a key role in acquisitions during his tenure at Getech Group plc. This appointment is expected to bolster Synergia Energy’s leadership team and potentially enhance its strategic initiatives.
Synergia Energy Ltd has successfully commenced its workover program in the Cambay PSC in India, with the C-70 well showing promising results as a gas producer. The initial production from C-70 has more than doubled the gas output from the Cambay field, positively impacting the company’s cash flow. This development is part of a $20 million program carried by Selan Exploration. Additionally, crude oil production has also seen an increase. These advancements are expected to strengthen Synergia’s operational performance and market positioning.