Synergia reports progress on Cambay farm-out process

Synergia Energy updated the market on the progress of the Cambay PSC farm-out process on Wednesday, reporting that it was currently engaged in meetings in India with a prospective partner.

The AIM-traded firm said the discussions were primarily focussed on finalising the farm-out agreement and the joint operating agreement.

Both Synergia and the farminee were working towards the goal of executing the agreements in early February.

At 1554 GMT, shares in Synergia Energy were up 6.5% at 0.11p.

Reporting by Josh White for Sharecast.com.