REG - Synergia Energy Ltd - Cambay PSC Update

Synergia EnergyAnnouncement

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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           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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