RE: Did anyone get the latest Panmure Gordon share price update31 Aug 2024 08:23
Ashley.kelty@panmureliberum.com The recent farm-down of a 50% WI in the Cambay PSC in India to Selan will see the launch of a new work programme comprising 3 wells and at least 3 workovers. This should see production rise materially, with little cost exposure to Synergia by virtue of a $20m carry. The near-term work programme should transform production levels and boost FCF materially, thus allowing Synergia to focus on advancing its UK CCS project. We reiterate our BUY recommendation and 0.93p TP.
Lots of other stuff in the report to back up the above.