Cambay PSC Update

In brief · summary, not quotable

Synergia Energy Limited has provided an update on its Cambay PSC operations in India, reporting that workover operations on the C-64 well are complete and the well is producing an average of 23 bopd. The C-72 well workover is also finished with an SRP installed, and stable production levels will be announced soon, after which the rig will move to the C-74 well to conclude the three-well campaign. Drilling of the C-78 well has reached 603 meters in 12 ¼ inch hole size before casing was run, and drilling has now resumed in 8.5 inch hole size.

Full announcement

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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 has been cleared of the brine "kill" fluid and has produced an average of 23 bopd over the last 3 days.

The Aakash work over rig was mobilized to the C-72 well; the workover has been completed and an SRP has been installed. The well is being cleared of brine "kill" fluid and stable production levels will be announced in due course.

Following the C-72 work over, the Aakash rig is currently being 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 C-78 well was drilled in 12 ¼ inch hole size to 603 meters prior to running 9 5/8 inch casing. Drilling has resumed in 8.5 inch hole size.

For and on behalf of Synergia Energy Limited

Roland Wessel