Cambay PSC and Board Changes
Synergia Energy Limited reported April 2026 production figures for its Cambay PSC, with oil averaging 148 bopd from two wells and gas averaging 39 MCF/day from another well, and is discussing a new well, C-79, with its joint venture partner. The company also announced the departure of Non-Executive Director Mark Bolton, who will transition to an advisory role, and intends to appoint Stacey Britza, Synergia's Assistant Secretary, as a Non-Executive Director.
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The Board of Synergia Energy Limited (Synergia or the Company) announces the following update regarding its Cambay PSC (50% WI) in India and Board structure update.
Cambay PSC Update
Oil production for April 2026 averaged 148 bopd primarily from two wells (C-64 and C-74) that were worked over in October 2025. Gas production for the month averaged 39 MCF/day from the C-77H well.
The Company is in discussion with its joint venture partner, Antelopus Selan Energy Ltd ("Selan") regarding the proposed new well (C-79) to be drilled later this year into the Eocene formation.
Board Changes
Mark Bolton, Non-Executive Director, is stepping down from the Synergia Board of Directors after several years of valuable service. Mark will continue to assist the Company under an advisory contract. The Company will look to appoint Stacey Britza, Synergia's Assistant Secretary, as a Non-Executive Director, and a further announcement will be made in due course following her appointment.
Roland Wessel, Chief Executive Officer said:
"Mark Bolton has helped steer the Company through challenging years and we are grateful for his contribution and wish him every success for the future."
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.