REG - Synergia Energy Ltd - Cambay PSC Sale FAQs / Cambay PSC Update

Synergia EnergyAnnouncement

03/12/2025 15:45

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RNS Number : 1310K  Synergia Energy Ltd  03 December 2025

RNS Announcement

 

03 December 2025

 

AIM: SYN

Cambay PSC Sale FAQs / Cambay PSC Update

 

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

 

Drilling Operations:

 

Following the logging of the C-78 well and the cementing of the 5 ½" casing,
the Kiri drilling rig has been released.

 

The next operations are to perforate the casing at the pay zone level and
production test the well. These operations will commence once the 30T workover
rig has been installed at the wellsite. An update regarding the production
testing will be provided as soon as available.

 

Workover Operations:

 

·    Following the recent work over, the Cambay C-64 well continues to
produce at an average of 30 bopd.

 

·    The C-72 well has yet to achieve a stable production level while the
waxy crude issues are being resolved.

 

·    The C-74 well has established a stable production level of 15 bopd.

 

·    The Aakash work over rig has been released.

 

 

Sale of Cambay PSC 50% working interest to Antelopus Selan Energy Limited
("Selan")

 

Subsequent to the Company's RNS of 1 December 2025 concerning the proposed
sale of the Company's 50% working interest in the Cambay PSC to Selan and the
Company's intention to cancel the Company's admission to trading on AIM, the
Company has posted a Frequently Asked Questions ("FAQ") document on the
Company website.

 

To view the FAQ document, use the following link:
https://www.synergiaenergy.com/sites/synergia-energy-ltd/files/FAQ%20for%20Synergia%20website%203.12.25%20SPA.pdf
(https://www.synergiaenergy.com/sites/synergia-energy-ltd/files/FAQ%20for%20Synergia%20website%203.12.25%20SPA.pdf)

 

 

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           Nominated Advisor and Joint Broker             Joint Broker

 Synergia Energy Ltd         SP Angel Corporate Finance LLP                 Novum Securities

 Briana Stayt                Stuart Gledhill / Richard Hail / Devik Mehta   Colin Rowbury

 Investor Relations                                                         Email:

 Email:                      Tel: +44 (0)20 3470 0470                       crowbury@novumsecurities.com

 bstayt@synergiaenergy.com   UK                                             Tel: +44 20 7399 9427

 Tel: +61 8 9485 3200                                                       UK

 Australia

 

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