SYNM has a primary ineterst in OML 113. This is an area about 12 miles offshore just south of the Benin-Nigeria demarcation line. In about 300 feet of water. This area also has potential. SYNM did a 3D-overlay Stack Migration analysis and concluded they had a very good chance of encountering hydrocarbons there. The first well found a zone of gas but not substantion amounts of oil. The SYNM conclusion is they drilled in the wrong spot (high side of the pay zone) and plan to re-drill as soon as they can get a rig.
For more info go to SYNM's web-site and do your own DD. But I assure you they are a player in off-shore Nigeria.
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