Synergia Energy Ltd (LSE:SYN) has reported new progress on its Cambay PSC project in India, where it retains a 50% working interest. Selan Exploration Technology Limited is preparing to mobilize the Aakash 50T rig to install a sucker rod pump at the Cambay C-64 site by mid-September, followed by the drilling of a new well scheduled for October 2025. Under the terms of a Farm In / Farm Out agreement with Synergia, Selan will bear the associated costs. These developments are expected to advance the project’s growth trajectory and may strengthen Synergia’s operational and market standing.
The company’s outlook remains challenged by ongoing financial difficulties, which create substantial risk. Nevertheless, its low P/E ratio suggests the stock may be undervalued. Corporate actions, including strategic asset sales, add a potential positive catalyst, though mixed technical indicators contribute to an uncertain short-term picture.
About Synergia Energy Ltd
Synergia Energy Ltd is an energy company engaged in the exploration and development of oil and gas resources. Its core assets include a 50% stake in the Cambay PSC in India, where the company is working to unlock value through development drilling and production enhancements.
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