Synergia Energy Ltd - Perth-based developer of natural gas assets in India, Indonesia and the UK, formerly called Oilex Ltd - Says C-77H well on the onshore Cambay gasfield, India, has been tied-in to the C-73 production facility to facilitate sale of produced gas to the grid. Says well is still flowing back frac fluid with approximately 50% of the expected flow back having been removed. "The gas production rate is up to 0.5 million standard cubic feet per day but the sustainable gas rate will not be known until substantially most of the frac fluid has been removed," it says. Planning is underway to re-install the production tubing for long term production operations.
Current stock price: 0.1725 pence
12-month change: down 6.8%
By Lucy Heming;Â lucyheming@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Synergia Energy (SYN)