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Cambay PSC Update

In brief · summary, not quotable

Synergia Energy Limited announced an operational update for its Cambay PSC, where it holds a 50% working interest. The workover of the C-64 well has been completed, with its sucker rod pump now operational and the well currently cleaning up before its production potential can be assessed. The Aakash XIV 50T rig has mobilized to the C-72 well to commence its workover, aiming to clean up the well and install an SRP, with the C-74 well to follow, completing a three-well campaign. Concurrently, drilling has begun on the new C-78 well as of November 4, 2025, utilizing the Kiri drilling rig. These activities signify ongoing efforts to enhance production and expand operations within the Cambay asset.

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The work over of the Cambay C-64 well has been completed and the sucker rod pump ("SRP") is operational. The well is still cleaning up with the brine "kill fluid" being removed. The clean up will last a few days before the production potential of the well can be assessed.

The Aakash XIV 50T work over rig has been mobilized to the C-72 well location and is rigged up and commencing the work over operation. The program for this well is to clean up the well and install an SRP.

Following the C-72 work over, the Aakash XIV 50T rig will be mobilized to the C-74 well location to conduct a similar work over program which will complete the three well work over campaign.

Drilling Operations:

The Kiri drilling rig has been mobilised to the new C-78 drilling pad (close to the C-54 well location) and the drilling of the new C-78 well has commenced as of 4 November 2025.

For and on behalf of Synergia Energy Limited

Roland Wessel

CEO

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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