REG - Synergia Energy Ltd - Cambay PSC Update

Synergia EnergyAnnouncement

02/06/2025 08:00

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RNS Number : 9754K  Synergia Energy Ltd  02 June 2025

RNS Announcement

 

02 June 2025

 

AIM: SYN

Cambay PSC Update

 

Synergia Energy Ltd ("Synergia Energy" or the "Company") announces the
following update with respect to its Cambay PSC (WI: 50%), onshore India.

 

Further to the Company's 4 April 2025 announcement, Synergia's joint venture
partner, Selan Exploration ("Selan"), has now secured a drilling rig and
related drilling services from DEEP Industries Limited to drill the first of
three new wells under the $20 million work program on the Cambay PSC, where
Synergia is fully carried by Selan in exchange for a 50% working interest in
the Cambay PSC. Selan anticipates the drilling will commence in September
2025.

Additionally, Selan has now contracted a 50 tonne workover rig and workover
operations on existing legacy wells will re-commence during June 2025.
Production has been intermittent from these legacy wells since production
recommenced in April 2022.

 

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 Enquires           AIM Joint Broker                 AIM Joint Broker               AIM Nominated Adviser

 Synergia Energy Ltd         SP Angel Corporate Finance LLP   Novum Securities               Strand Hanson Limited

 Briana Stayt                Broker                           Broker                         Nominated Adviser

 Investor Relations          Richard Hail / Devik Mehta       Colin Rowbury                  Ritchie Balmer / Rory Murphy

 Email:                      Tel: +44 (0)20 3470 0470         Email:                         Tel: +44 20 7409 3494

 bstayt@synergiaenergy.com   UK                               crowbury@novumsecurities.com   UK

 Tel: +61 8 9485 3200                                         Tel: +44 20 7399 9427

 Australia                                                    UK

 

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