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Last checked at 
27 May 2026 07:00
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 Synergia Energy Ltd Briana Stayt Investor Relations Email: bstayt@synergiaenergy.com Tel: +61 8 9485 3200 Australia | Nominated Advisor and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Devik Mehta
Tel: +44 (0)20 3470 0470 UK | Joint Broker AlbR Capital Limited Colin Rowbury Email: cr@albrcapital.com Tel: +44 20 7469 0930 UK |
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