Cambay PSC Sale FAQs / Cambay PSC Update
Synergia Energy Limited provided an update on its Cambay PSC operations, noting that the C-78 well is ready for perforation and production testing, while the C-64 well continues to produce 30 bopd, C-72 is experiencing waxy crude issues, and C-74 has stabilized at 15 bopd. The company also posted an FAQ document regarding the proposed sale of its 50% working interest in the Cambay PSC to Antelopus Selan Energy Limited and its intention to cancel its AIM admission.
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Following the logging of the C-78 well and the cementing of the 5 ½" casing, the Kiri drilling rig has been released.
The next operations are to perforate the casing at the pay zone level and production test the well. These operations will commence once the 30T workover rig has been installed at the wellsite. An update regarding the production testing will be provided as soon as available.
Workover Operations:
- Following the recent work over, the Cambay C-64 well continues to produce at an average of 30 bopd.
- The C-72 well has yet to achieve a stable production level while the waxy crude issues are being resolved.
- The C-74 well has established a stable production level of 15 bopd.
- The Aakash work over rig has been released.
Sale of Cambay PSC 50% working interest to Antelopus Selan Energy Limited ("Selan")
Subsequent to the Company's RNS of 1 December 2025 concerning the proposed sale of the Company's 50% working interest in the Cambay PSC to Selan and the Company's intention to cancel the Company's admission to trading on AIM, the Company has posted a Frequently Asked Questions ("FAQ") document on the Company website.
To view the FAQ document, use the following link: https://www.synergiaenergy.com/sites/synergia-energy-ltd/files/FAQ%20for%20Synergia%20website%203.12.25%20SPA.pdf
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.