RNS Announcement
8 July 2025
AIM: SYN
Cambay PSC Work Program Update
Synergia Energy Limited ("Synergia" or the "Company"), announces the following update regarding its Cambay PSC (WI: 50%), onshore India.
Selan Exploration Technology Limited ("Selan") have contracted a 50-Tonne workover rig with Aakash Exploration to undertake three workovers, commencing with a workover on the C-64 well. The civil works on the C-64 wellsite have been delayed by monsoon conditions but the workover operation which involves the installation of a sucker rod pump ("SRP") is scheduled for July 2025. The C-64 well has historically been an intermittent oil producer and the installation of the SRP is anticipated to provide an enhanced and consistent production level.
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 Synergia Energy Ltd Briana Stayt Investor Relations Email: bstayt@synergiaenergy.com Tel: +61 8 9485 3200 Australia | Nominated Advisor and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Devik Mehta
Tel: +44 (0)20 3470 0470 UK | Joint Broker Novum Securities Colin Rowbury Email: crowbury@novumsecurities.com Tel: +44 20 7399 9427 UK |
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