Synergia Energy Ltd - West Perth, Australia-based oil and gas company - Agrees to a further short-term loan with Indian Government while it awaits the sale of 50% of its Cambay production sharing contract to Selan Exploration Technology Ltd. Synergia will receive $2.5 million from Selan pending expected government approval. Also obtains further funding of £400,000 from investors in order to minimise equity dilution. Loan funding to be repaid following Cambay sale.

Current share price: 0.11 pence

12-month change: down 12%

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