REG - Synergia Energy Ltd - Cambay C-77H Artificial Lift Update

Synergia EnergyAnnouncement

04/07/2023 07:00

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RNS Number : 8344E  Synergia Energy Ltd  04 July 2023

RNS Announcement

 

4 July 2023

AIM: SYN

Cambay C-77H Artificial Lift Update

 

Synergia Energy Ltd (the "Company" or "Synergia") is pleased to provide the
following update concerning implementation of artificial lift equipment for
the Cambay C-77H well.

 

The workover rig is now scheduled to arrive on the Cambay location on July
12(th) and to commence workover operations on July 14(th).

 

The workover program has been modified at the request of the Directorate of
Hydrocarbons ("DGH"). The revised program calls for the removal of the
production tubing and milling out of the bridge plug that currently isolates
the original four fracked zones from the two currently producing re-frac
zones. The production tubing will be re-inserted and per the DGH request, the
well will be flowed for a period to establish a baseline of production without
artificial lift. During the period of baseline establishment, the workover rig
will be deployed to the nearby C-19z oilwell to conduct a de-waxing operation
lasting approximately 5 days. Following the C-19z workover, the rig will
return to the C-77H well to install the jet pump. The revised program will
facilitate a direct comparison of well performance with and without artificial
lift.

 

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          Media Enquires (UK)

 Synergia Energy Ltd         Panmure Gordon (UK) Ltd                    Novum Securities               Strand Hanson Limited          Vigo Consulting

 Briana Stayt                Broker                                     Broker                         Nominated Adviser              Investor Relations

 Investor Relations          John Prior / Hugh Rich / Freddie Wooding   Colin Rowbury                  Ritchie Balmer / Rory Murphy   Patrick d'Ancona / Finlay Thomson

 Email:                      Tel: +44 (0)20 7886 2500                   Email:                         Tel: +44 20 7409 3494          Email: patrick.dancona@vigoconsulting.com

 bstayt@synergiaenergy.com   UK                                         crowbury@novumsecurities.com   UK                             finlay.thomson@vigoconsulting.com

 Tel: +61 8 9485 3200                                                   Tel: +44 20 7399 9427                                         Tel:+ 44 20 7390 0230 UK

 Australia                                                              UK

 

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