Synergia Energy Share Discussion Threads

[totally banjo] 08/11/2024 19:17

8 November 2024
AIM: SYN

Cambay Operational Update

The Board of Synergia Energy Limited (Synergia or the Company) is pleased to announce the following update on operations being conducted on its Cambay PSC (WI: 50%) in India.

Operational update


As previously announced, the Company has completed its farm out of a 50% working interest in its Cambay PSC in India to Selan Exploration Limited ("Selan"). Selan have now commenced the agreed $20 million work program on the Cambay Field PSC, for which Synergia is to be carried by Selan.

Preparatory work at the wellsite, including bush clearing and road access, is complete for wells C-70, C-63, C-72, C-74, C-77H, C-73, and C-64. Selan have carried out well pad cleanups, levelling and surface preparatory jobs for slickline operation, machinery access and workover rig setup.

New pressure gauges have been installed by Selan to enable regular monitoring of tubing head pressure (THP), casing head pressure (CHP), and production data. Hydrotesting of all valves of the X-Mas tree assemblies are currently in progress.

A suitable (30 MT) workover rig has been contracted together with a wireline unit and other key equipment items for the planned first two well workover operations.

Slickline operations commenced on November 6, to be followed by circulation, activation, and periodic liquid level surveys.

[neilll77] 08/11/2024 16:06

GEORGINA ENERGY [GEX] MAIN MARKET STOCK

🚀 BOOM!!!!! AND YET ANOTHER X POST @ 1.36pm today 🚀


#GEX Hussar: "Preliminary site visit scheduled for Nov 24-27 with traditional landowners & environmental consultants, vital for securing our drilling application with DEMIRS. Resource upgrade and seismic reprocessing are underway for guaranteed December start!!! #GEX #Energy


Absolutely EVERYTHING is in place and the CEO has
£3 million of own cash involved
Guaranteed drill!!!!!


*NT to buy @ 9.48p*
8.5% up and 20% in 2 days from the lows


This was a 12.5p RTO & PIs paid 19.40p back early August

[neversatisfied] 08/11/2024 15:31

They've just done a CR so that's out the way.

[cool hand kev] 08/11/2024 11:34

Hopefully not, because they’ve just done so. Cash generating if they can get the the wells to flow successfully

[geoffmanana] 08/11/2024 11:26

How much lower can it go?
What if they have to raise more cash at these levels?

[cool hand kev] 08/11/2024 10:59

Yes. Agreed share price hopefully of the bottom

[neversatisfied] 08/11/2024 10:29

Great news finally rig on site and work program beginning. Time to top up me thinks at these crazy prices.

[arlington chetwynd talbott] 05/11/2024 23:00

Is this a convincing bottom or are these just new shareholders for Roland to alienate in due course? Time will tell, but Roland is currently capturing no one's imagination here.

[totally banjo] 30/10/2024 23:50

Lots wrong, written this one off!

[geoffmanana] 30/10/2024 23:10

Still think there's nothing wrong here?

[totally banjo] 24/10/2024 10:26

24 October 2024
AIM: SYN

AGM - Notice of Meeting



Synergia Energy Ltd (Synergia Energy or the Company) advises that its Annual General Meeting will be held on Friday, 22 November 2024 at 6pm AWST / 10am GMT (Meeting) at Vigo Consulting, 78-79 New Bond Street, London, W1S 1RZ, United Kingdom.

[totally banjo] 23/10/2024 11:28

From today's RNS, enough for one :-)

[geoffmanana] 23/10/2024 07:45

I think we all are.....how big is the boat?

[totally banjo] 22/10/2024 23:44

Beer, I'm in the same boat!

[beerboy02] 22/10/2024 18:44

Not sure why I'm still in this, the charts awful as is the company's history so far with one delay after another and the results are a gamble but with the share price is so low it's hardly worth bailing out.

[neversatisfied] 22/10/2024 12:56

Plenty news coming Nov onwards.

[geoffmanana] 22/10/2024 10:19

How much lower guys, bearing in mind probably no news (other than more money needed) until Q2 2025?

[geoffmanana] 18/10/2024 10:42

Looks like someone's accumulating....6265,1253,2506,488,187,400......lol

Presentation meeting must have gone well.

[ashleyjv] 14/10/2024 11:46

Synergia Energy Ltd ("Synergia" or the "Company") provides the following update regarding the Company's Cambay PSC joint venture and its carbon capture and storage ("CCS") projects in the UK and India.



Cambay PSC

During the recent Technical Committee Meeting held by Synergia's JV partner, Selan Exploration Technology Limited ("Selan"), the planned work program associated with the Company's Cambay Field Production Sharing Contract ("Cambay PSC") in Gujarat State, India, and the sequence of workover operations for the candidate wells was finalised, subject to further individual well analysis:

Well Number Completion Operation

C-70 Perforate MBS formation

C-63 Wellbore cleanout; re-perforate; install artificial lift pump

C-64 Install artificial lift pump

C-73 Wellbore cleanout; install artificial lift pump

C-20 Install artificial lift pump

C-74 Wellbore cleanout; install artificial lift pump

C-77H Well data acquisition; finalize future workover program

Selan plan to conduct workover operations on a minimum 3 wells and potentially up to 6 wells on the Cambay PSC.

The workover sequence, starting with C-70, will commence after the wells have been subjected to individual pressure gradient surveys during October / November 2024. All the contracts required for the workover operations are progressing as per the timeline. The Company believes the workover program will result in material incremental production and cashflow from the Cambay PSC and a better understanding of well behaviour ahead of the drilling of three new wells which is currently planned to commence Q2 2025. Synergia will be carried by Selan through the agreed US$20 million work program.



Medway Hub Camelot CCS project

Synergia is the nominated operator of UK carbon storage license CS019 Camelot which is now a 50:50 joint venture with Harbour Energy. Synergia and its joint venture partner have been assiduously working through the NSTA work program which is currently in the site characterisation phase. Following the re-processing of the 3D seismic data set, the seismic interpretation is being finalised but initial results show a marked uplift in seismic data clarity and definition. In parallel, a number of other work streams are currently underway including geochemical and geomechanical studies, legacy well integrity analyses, petrophysical analysis and static and dynamic reservoir modelling.

The Company is encouraged by the recent announcement of the £22 billion investment plan to support CCS projects on Teesside and Merseyside by the UK Government. However, the Company's Medway Hub Camelot CCS project is being planned as a merchant scheme and is not predicated by future UK Government funding.

Cambay CCS Scheme

During July 2024, Synergia discussed its Cambay-based CCS scheme with the Directorate General of Hydrocarbons ("DGH") principals resulting in an agreement to develop and propose a proof of concept pilot project on the Cambay PSC. A recent meeting involving Synergia, DGH and Mumbai Institute of Technology personnel was held to progress the pilot project which the Company hopes will attract Government of India funding support.

[cool hand kev] 14/10/2024 10:47

Someone’s accumulating

[geoffmanana] 07/10/2024 14:54

I see our Market cap is now under £7m.