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Oilex Ltd ( (GB:SYN) ) just unveiled an update.
Synergia Energy Ltd has announced an update on its Cambay PSC project in India, where a 50-tonne workover rig has been contracted to improve production at the C-64 well. Despite delays due to monsoon conditions, the installation of a sucker rod pump is scheduled for July 2025, which is expected to enhance and stabilize oil production, potentially impacting the company’s operational efficiency and market position.
Spark’s Take on GB:SYN Stock
According to Spark, TipRanks’ AI Analyst, GB:SYN is a Neutral.
Synergia Energy’s stock score reflects a challenging financial performance with persistent losses and negative cash flows, offset by positive corporate developments. The valuation indicates potential undervaluation, but technical indicators suggest caution with an overbought signal. Financial performance is the most significant factor, heavily influencing the overall score.
To see Spark’s full report on GB:SYN stock, click here.
More about Oilex Ltd
Synergia Energy Ltd operates in the energy industry, focusing on oil exploration and production. The company is involved in the Cambay PSC project in India, where it holds a 50% working interest.
Average Trading Volume: 124,080,921
Technical Sentiment Signal: Sell
Current Market Cap: £4.44M
Learn more about SYN stock on TipRanks’ Stock Analysis page.