21 Nov 2022 07:00
ASX-RNS Announcement
Â
21 November 2022
Â
ASX: SYN / AIM: SYN
Cambay Production Update
Â
Synergia Energy Ltd (the "Company" or "Synergia") is pleased to announce the following update with respect to its Cambay India operations.
Â
The C-77H well continues to produce on a consistent plateau with gas rates between 255 and 275 MCFD. Gas production is being sold at the Government of India regulated price of $8.57/MCF.
Â
In addition to the C-77H gas condensate, oil production from the C-19z, C-20, C-63 and C-72 wells has re-commenced.
Although the newly re-opened oil wells are experiencing "flush production" (the higher rate normally experienced when wells are brought back online), currently an aggregate of c. 50 bopd (including condensate) is being produced.
Â
The oil is being sold at Bonny Light average pricing. In October 2022, 893 bbls of oil were sold at $78.8/bbl.
Â
Â
For and on behalf of Synergia Energy Ltd
Roland Wessel
CEO
Â
For further information, please contact:
Â
Investor Enquires Synergia Energy Ltd Briana Stayt Investor Relations Email: bstayt@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 |
Â