Synergia Energy Ltd NPV (SYN)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 0.11p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.18
  • 52 Week Low: 0.073
  • Currency: UK Pounds
  • Shares Issued: 10,638m
  • Volume: 13,871,437
  • Market Cap: £11.44m

Oilex lands gas sales agreement in India

Date: Thursday 11 Apr 2013

LONDON (ShareCast) - Oilex shares rose Thursday as it announced a gas sales agreement (GSA) with an Indian public limited company for the Cambay Basin in the country.

The oil and gas company said it has signed a deal with the undisclosed company for off-spec gas production from the Cambay-73 well in the Cambay Basin, a joint venture with Gujarat State Petroleum Corporation.

The two year contract has been submitted to Gujarat government bodies and the India government for approval. Oilex said the contract price was confidential until government endorsement.

Production from Cambay-73 is expected to begin within two months of government approvals, followed by immediate gas sales.

Initial gas volumes are estimated at 200m standard cubic feet per day.

"The signing of the GSA is an important milestone for the company as Oilex delivers production from our India assets," said Acting Managing Director, Ron Miller.

"It also demonstrates the strong demand and excellent commercialisation opportunities for gas producers in the Cambay Basin which is ideally located in the industrialised state of Gujarat."

RD

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SYN Market Data

Currency UK Pounds
Share Price 0.11p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.18
52 Week Low 0.073
Volume 13,871,437
Shares Issued 10,638m
Market Cap £11.44m

SYN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.32% above the market average31.32% above the market average31.32% above the market average31.32% above the market average31.32% above the market average
84.21% below the sector average84.21% below the sector average84.21% below the sector average84.21% below the sector average84.21% below the sector average
Price Trend
80.6% below the market average80.6% below the market average80.6% below the market average80.6% below the market average80.6% below the market average
35.00% above the sector average35.00% above the sector average35.00% above the sector average35.00% above the sector average35.00% above the sector average
Income Not Available
Growth
7% below the market average7% below the market average7% below the market average7% below the market average7% below the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average

SYN Dividends

No dividends found

Trades for 14-Jun-2024

Time Volume / Share Price
16:02 9,090 @ 0.11p
15:33 71,309 @ 0.11p
15:10 2,769,230 @ 0.11p
14:54 1,996,302 @ 0.11p
14:42 4,625,347 @ 0.11p

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