REG - Synergia Energy Ltd - Cambay PSC Update

Synergia EnergyAnnouncement

27/05/2026 07:00

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RNS Number : 7790F  Synergia Energy Ltd  27 May 2026

RNS Announcement

 

27 May 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.

 

Cambay PSC Workovers

 

The following four legacy well workovers have been completed:

 

C-64: Sand build up caused the sucker rod pump ("SRP") to seize and the well
was worked over to remove the sand and to optimise the SRP. The well is
currently operating on a reduced pump rate and producing c. 30 bopd with a 50%
water cut.

 

C-72: The well was re-perforated in the OSII formation and the SRP was
replaced. The well is currently cleaning up the brine kill fluid.

 

C-19z: This well has been consistently producing small volumes of oil on
natural flow. An SRP has been installed and a gas pipeline is being installed
to connect gas output to the C-73 facility. Initial production rates of c. 11
bopd has since fallen to 2-3 bopd and the SRP optimisation is ongoing.

 

C-08: The workover operation has recently been completed and the well is
currently cleaning up the brine kill fluid. The gas output is planned to be
connected to the C-73 facility via a new pipeline currently under
construction.

 

In addition to the above four wells, C-74 continues to produce c. 60 bopd and
the C-77H well is producing at a rate of .08 mmscfd.

 

Note: All production data are gross.

 

C-79 new well planning

 

Selan and Synergia's technical teams have been in detailed discussions
regarding the planned C-79 new well to be drilled into the Eocene reservoir.
The discussions concern the well target which is planned to intersect the oil
leg of the Eocene reservoir.

 

 

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          Nominated Advisor and Joint Broker              Joint Broker

 Synergia Energy Ltd         SP Angel Corporate Finance LLP                  AlbR Capital Limited

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

 Investor Relations                                                          Email:

 Email:                      Tel: +44 (0)20 3470 0470                        cr@albrcapital.com

 bstayt@synergiaenergy.com   UK                                              Tel: +44 20 7469 0930

 Tel: +61 8 9485 3200                                                        UK

 Australia

 

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