Oilex Ltd (GB:SYN) has released an update.
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Synergia Energy Ltd has successfully farmed out a 50% working interest in its Cambay PSC in India to Selan Exploration Limited. With Selan’s initiation of a $20 million work program, significant preparatory tasks have been completed, including equipment setup and installation of pressure gauges for enhanced monitoring. Slickline operations commenced on November 6, marking a key step in the project’s development.
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