Cambay PSC Update
RNS Announcement
04 November 2026
AIM: SYN
Cambay PSC Update
Synergia Energy Limited (Synergia or the Company) announces the following update regarding its Cambay PSC (WI 50%) in India.
Planned Cambay C-79 new well update
Synergia and its Cambay PSC joint venture partner, Antelopus Selan Energy Limited (“ASEL”) have been engaged in detailed technical discussions concerning the planned new C-79 Cambay well. Synergia and ASEL are in broad agreement regarding the Eocene well target, well program and fracking program.
As per the RNS dated 01 October 2026, wherein ASEL previously indicated an estimated spud date of late November 2026, ASEL have recently indicated that no firm date exists for the mobilisation of the DEEP Industries drilling unit which is currently assigned to ONGC in Assam and that ASEL’s current estimate for the C-79 spud date is now February / March 2027.
The Company will provide an update on the timing of the C-79 well as soon as more information is provided by the Operator, ASEL.
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
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
AlbR Capital Limited
Colin Rowbury
Email:
cr@albrcapital.com
Tel: +44 20 7469 0930
UK
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