Synergia Energy Updates Cambay Output and Reshapes Board

An announcement from Oilex Ltd ( (GB:SYN) ) is now available.

Synergia Energy reported that April 2026 oil production from its Cambay PSC in India averaged 148 barrels per day, mainly from two recently worked-over wells, while gas output reached 39 thousand cubic feet per day from the C-77H well. The company is in talks with joint venture partner Antelopus Selan Energy about drilling a new Eocene-targeted well, C-79, later this year, underscoring its ongoing efforts to sustain and potentially grow field output.

The company also announced board changes, with Non-Executive Director Mark Bolton stepping down after several years of service, though he will continue in an advisory capacity. Synergia plans to appoint Assistant Secretary Stacey Britza as a Non-Executive Director, a move that signals continuity in governance while refreshing board composition during a phase of active development at the Cambay asset.

Spark’s Take on SYN Stock

According to Spark, TipRanks’ AI Analyst, SYN is a Neutral.

The score is held down primarily by weak financial quality (shrinking revenue, negative gross profit, and ongoing operating/free-cash-flow burn), reinforced by bearish technicals (below key longer-term moving averages and negative MACD). A low P/E provides some valuation support, but it is tempered by the company’s volatility and weak cash generation.

To see Spark’s full report on SYN stock, click here.

More about Oilex Ltd

Synergia Energy Ltd is an oil and gas company focused on exploration and production activities, including its 50% working interest in the Cambay production sharing contract in India. The company’s operations center on developing hydrocarbon resources such as oil from worked-over wells and gas from horizontal wells within the Cambay field.

Average Trading Volume: 176,199,007

Technical Sentiment Signal: Strong Sell

Current Market Cap: £1.64M

For detailed information about SYN stock, go to TipRanks’ Stock Analysis page.