Cambay PSC Update
Synergia Energy Limited provided an update on its Cambay PSC operations, reporting that the Cambay C-64 well has achieved an average production of 30 bopd following recent workover, while the C-72 well is still undergoing brine clearance. The C-74 well workover is complete with a sucker rod pump installed and preparation for production underway, and the Aakash rig has been mobilized to the C-19z well for a clean-up operation. In drilling, the C-78 well reached a total depth of 1827 meters, intersecting the target OSII formation at 1745 meters, and is currently being logged.
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Following the recent work over, the Cambay C-64 well has been producing at an average of 30 bopd over the last 5 days.
The C-72 well is still being cleared of brine "kill" fluid and stable production levels have yet to be achieved.
The work over of the C-74 well has been completed with a sucker rod pump ("SRP") having been installed and the well is being prepared to be placed on production.
The Aakash work over rig has been mobilized to the C-19z well to attempt a well clean up operation.
Drilling Operations:
The C-78 well has reached Total Depth at 1827 meters in the 8.5 inch hole section having intersected target OSII formation at a depth of 1745 meters. The well is currently being logged.
The technical information contained in the above disclosure has been prepared by or under the supervision of Mr Roland Wessel (BSc (Hons) Geology), CEO and Executive Director employed by Synergia Energy Ltd. Mr Wessel has over 45 years' experience in the oil and gas industry. Mr Wessel meets the requirements of and acts as the Qualified Person under the Alternative Investment Market Rules - AIM Note for Mining and Oil & Gas Companies, and consents to the inclusion of this information in this announcement in the form and context in which it appears.
For and on behalf of Synergia Energy Limited
Roland Wessel
CEO
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