RNS Number : 2158K
Synergia Energy Ltd
23 August 2023
 

RNS Announcement

 

23 August 2023

AIM: SYN

Cambay C-77H Workover Update

 

Synergia Energy Ltd (the "Company" or "Synergia") provides the following update concerning the Cambay C-77H well workover.

 

Following the removal of the bridge plug that isolated the original 4 perforated and fracked zones from 2014, the production tubing was re-inserted into the well and the well placed on production to establish a production baseline without artificial lift. The well has stabilised at a gas production level of c. 130,000 - 150,000 SCFD. The well continues to exhibit severe liquid loading.

 

The planned installation of a jet pump artificial lift system and ancillary surface equipment is underway with civil works preceding the hook up of the surface pump and separator. Due to availability constraints, the workover rig will arrive on location on September 8th to remove the production tubing and re-install the completion equipment, incorporating the concentric jet pump assembly.

 

The Company plans to announce the results of the well production with artificial lift as soon as production rates have stabilised.

 

For and on behalf of Synergia Energy Limited

 

 

Roland Wessel

CEO

 

For further information, please contact:

Investor Enquires

Synergia Energy Ltd

Briana Stayt

Investor Relations

Email:  bstayt@synergiaenergy.com

Tel: +61 8 9485 3200

Australia

AIM Joint Broker

Panmure Gordon (UK) Ltd

Broker

John Prior / Mark Murphy / Hugh Rich / Freddie Wooding

Tel: +44 (0)20 7886 2500

UK

AIM Joint Broker

Novum Securities

Broker

Colin Rowbury

Email: 

crowbury@novumsecurities.com

Tel: +44 20 7399 9427

UK

AIM Nominated Adviser

Strand Hanson Limited

Nominated Adviser

Ritchie Balmer / Rory Murphy

Tel: +44 20 7409 3494

UK

Media Enquires (UK)

Vigo Consulting

Investor Relations

Patrick d'Ancona / Finlay Thomson

Email: patrick.dancona@vigoconsulting.com

finlay.thomson@vigoconsulting.com

Tel:+ 44 20 7390 0230 UK

 

 

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