Via the successful Cambay-77H well, Oilex has proven its ability to flow gas at commercial rates from the tight gas zones in the Cambay basin, in a region where gas demand significantly exceeds supply. It is partnered with the owner of the regional gas transmission and distribution network and is now fully funded for its approved 2015/16 work programme. We reiterate our Buy rating and increase our target price from 7.5p to 7.8p.
12 Aug 2015
Fund raise approved
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Fund raise approved
Synergia Energy Ltd (SYN:LON) | 0.1 0 6.7% | Mkt Cap: 12.8m
- Published:
12 Aug 2015 -
Author:
Mark Henderson -
Pages:
6
Via the successful Cambay-77H well, Oilex has proven its ability to flow gas at commercial rates from the tight gas zones in the Cambay basin, in a region where gas demand significantly exceeds supply. It is partnered with the owner of the regional gas transmission and distribution network and is now fully funded for its approved 2015/16 work programme. We reiterate our Buy rating and increase our target price from 7.5p to 7.8p.