Last checked at 8 Aug 2022 14:19
ASX-RNS Announcement
8 August 2022
ASX: SYN / AIM: SYN
Cambay C-77H Re-frac Operations Update No 7
Synergia Energy Ltd (the "Company") (formerly named Oilex Ltd) is pleased to announce the following update with respect to its operations in India.
C-77H Re-frac Operations Update
The C-77H well on the onshore Cambay gasfield (100% Synergia) has been tied-in to the C-73 production facility in order to facilitate the sale of the produced gas to the grid. The well is still flowing back the frac fluid with approximately 50% of the expected flow back having been removed. The gas production rate is up to 0.5 mmscfd but the sustainable gas rate will not be known until substantially most of the frac fluid has been removed.
Initial indications are that the revised fraccing methodology employed on the C-77H re-frac operation has been effective and could underpin a full field development, subject to funding, once the decline rates have been determined to be satisfactory.
Planning is underway to re-install the production tubing for long term production operations.
This announcement has been authorised for release by the board of Synergia Energy Limited.
For and on behalf of Synergia Energy Ltd
Roland Wessel
CEO
For further information, please contact:
Investor Enquires Synergia Energy Ltd Roland Wessel CEO Email: synergiaenergy@synergiaenergy.com Tel: +61 8 9485 3200 Australia | AIM 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 |