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Pin to quick picksSynergia Energy Regulatory News (SYN)

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Cambay C-77H Artificial Lift Update

4 Jul 2023 07:00

RNS Number : 8344E
Synergia Energy Ltd
04 July 2023
 

RNS Announcement

 

4 July 2023

AIM: SYN

Cambay C-77H Artificial Lift Update

 

Synergia Energy Ltd (the "Company" or "Synergia") is pleased to provide the following update concerning implementation of artificial lift equipment for the Cambay C-77H well.

 

The workover rig is now scheduled to arrive on the Cambay location on July 12th and to commence workover operations on July 14th.

 

The workover program has been modified at the request of the Directorate of Hydrocarbons ("DGH"). The revised program calls for the removal of the production tubing and milling out of the bridge plug that currently isolates the original four fracked zones from the two currently producing re-frac zones. The production tubing will be re-inserted and per the DGH request, the well will be flowed for a period to establish a baseline of production without artificial lift. During the period of baseline establishment, the workover rig will be deployed to the nearby C-19z oilwell to conduct a de-waxing operation lasting approximately 5 days. Following the C-19z workover, the rig will return to the C-77H well to install the jet pump. The revised program will facilitate a direct comparison of well performance with and without artificial lift.

 

For and on behalf of Synergia Energy Limited

 

Roland Wessel

CEO

 

For further information, please contact:

 

Investor Enquires

Synergia Energy Ltd

Briana Stayt

Investor Relations

Email: 

bstayt@synergiaenergy.com

Tel: +61 8 9485 3200

Australia

AIM Joint Broker

Panmure Gordon (UK) Ltd

Broker

John Prior / Hugh Rich / Freddie Wooding

Tel: +44 (0)20 7886 2500

UK

AIM Joint Broker

Novum Securities

Broker

Colin Rowbury

Email: 

crowbury@novumsecurities.com

Tel: +44 20 7399 9427

UK

AIM Nominated Adviser

Strand Hanson Limited

Nominated Adviser

Ritchie Balmer / Rory Murphy

Tel: +44 20 7409 3494

UK

Media Enquires (UK)

Vigo Consulting

Investor Relations

Patrick d'Ancona / Finlay Thomson

Email: patrick.dancona@vigoconsulting.com

finlay.thomson@vigoconsulting.com

Tel:+ 44 20 7390 0230 UK

 

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