Cambay PSC Update

Synergia Energy

04/08/2025 07:00

RNS Number : 7243T

Synergia Energy Ltd

04 August 2025

 

RNS Announcement

 

04 August 2025

 

AIM: SYN

Cambay PSC Update

 

Synergia Energy Limited ("Synergia" or the "Company"), announces the following update regarding its Cambay PSC (WI: 50%), onshore India.

 

Following the execution of the Heads of Terms for the sale of Synergia's 50% working interest in the Cambay PSC, Selan Exploration Technology Limited ("Selan") have remitted the initial payment of US$ 0.5 million to Synergia. The development of a mutually acceptable Sale and Purchase Agreement is currently underway.

 

The current workover operation on the C-64 well which involves the installation of a sucker rod pump ("SRP") has experienced further delays due to monsoon rains and will continue into August 2025.

 

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
UPDBIGDILBGDGUB