REG - Synergia Energy Ltd - Cambay PSC and Board Changes

Synergia EnergyAnnouncement

Tue 07:00

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RNS Number : 9083C  Synergia Energy Ltd  05 May 2026

RNS Announcement

 

05 May 2026

 

AIM: SYN

Cambay PSC and Board Changes

 

The Board of Synergia Energy Limited (Synergia or the Company) announces the
following update regarding its Cambay PSC (50% WI) in India and Board
structure update.

 

Cambay PSC Update

Oil production for April 2026 averaged 148 bopd primarily from two wells (C-64
and C-74) that were worked over in October 2025. Gas production for the month
averaged 39 MCF/day from the C-77H well.

The Company is in discussion with its joint venture partner, Antelopus Selan
Energy Ltd ("Selan") regarding the proposed new well (C-79) to be drilled
later this year into the Eocene formation.

 

Board Changes

Mark Bolton, Non-Executive Director, is stepping down from the Synergia Board
of Directors after several years of valuable service. Mark will continue to
assist the Company under an advisory contract. The Company will look to
appoint Stacey Britza, Synergia's Assistant Secretary, as a Non-Executive
Director, and a further announcement will be made in due course following her
appointment.

Roland Wessel, Chief Executive Officer said:

"Mark Bolton has helped steer the Company through challenging years and we are
grateful for his contribution and wish him every success for the future."

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed
in accordance with the Company's obligations under Article 17 of MAR.

 

For and on behalf of Synergia Energy Limited

 

Roland Wessel

CEO

 

 

 

 

 

For further information, please contact:

 

 Investor Enquiries          Nominated Advisor and Joint Broker              Joint Broker

 Synergia Energy Ltd         SP Angel Corporate Finance LLP                  AlbR Capital Limited

 Briana Stayt                Stuart Gledhill / Richard Hail / Devik Mehta    Colin Rowbury

 Investor Relations                                                          Email:

 Email:                      Tel: +44 (0)20 3470 0470                        cr@albrcapital.com

 bstayt@synergiaenergy.com   UK                                              Tel: +44 20 7469 0930

 Tel: +61 8 9485 3200                                                        UK

 Australia

 

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