REG - Synergia Energy Ltd - Cambay C-77H Workover Update

Synergia EnergyAnnouncement

23/08/2023 09:15

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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 8(th) 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                    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 / Mark Murphy / Hugh Rich / Freddie Wooding   Colin Rowbury                  Ritchie Balmer / Rory Murphy   Patrick d'Ancona / Finlay Thomson

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

 Tel: +61 8 9485 3200                 UK                                                       crowbury@novumsecurities.com   UK                             finlay.thomson@vigoconsulting.com

 Australia                                                                                     Tel: +44 20 7399 9427                                         Tel:+ 44 20 7390 0230 UK

                                                                                               UK

 

 

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