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Oilex Ltd ( (GB:SYN) ) has shared an update.
Synergia Energy Ltd released its audited annual report for the year ending June 2025, highlighting strategic decisions and financial outcomes. The company has farmed out 50% of its Cambay PSC to Antelopus Selan Energy Limited and is focusing on CCS projects in the UK and India. Financially, Synergia reported a net profit after tax of A$4.99 million, driven by gains from the Cambay farm-out. The company plans to sell its remaining interest in Cambay PSC, aiming to realign its strategy towards CCS development. The sale is expected to impact the company’s operations and shareholder value, with a portion of the proceeds intended to be returned to shareholders.
Spark’s Take on GB:SYN Stock
According to Spark, TipRanks’ AI Analyst, GB:SYN is a Neutral.
The overall stock score is driven by the company’s financial struggles, which pose significant risks. However, the low P/E ratio suggests potential undervaluation. Positive corporate events, including the strategic sale of assets, provide a potential upside. Mixed technical indicators add to the uncertainty.
To see Spark’s full report on GB:SYN stock, click here.
More about Oilex Ltd
Synergia Energy Ltd operates in the energy sector, focusing on gas production and carbon capture and storage (CCS) projects. The company is involved in the Cambay field in India and the Camelot CCS project in the UK, aiming to contribute to global CO2 emissions reduction strategies.
Average Trading Volume: 65,399,893
Technical Sentiment Signal: Sell
Current Market Cap: £3.11M
For a thorough assessment of SYN stock, go to TipRanks’ Stock Analysis page.