This excerpt taken from the SYNM 10-Q filed Nov 8, 2006.
Oil and Gas Sales Revenues. We are pursuing projects in which we are directly involved in oil and gas field development and the processing of natural gas using available gas processing technologies. These include projects in which we only produce oil or natural gas and projects that may later evolve into integrated projects that would involve development, production and processing of hydrocarbons. Revenue from these projects will be recognized based on actual volumes produced and sold to purchasers. Projects we are currently pursuing include the upstream development of OML 113, including the Aje Field, and the Ajapa field within OML 90 offshore Nigeria and others. We expect these projects will be pursued by us and with co-venturers through various arrangements. We anticipate receiving revenues from these projects, including sales of oil and gas from properties owned by us or jointly with another party, as well as processing and gathering fees from facilities in which we own an interest.