Market starting to get it now. |
10 February 2025
Operations Update
Roland Wessel, CEO commented: "On Cambay, we are pleased to be able to report further details on the forward drilling and workover program for 2025 with our partner Selan as part of the US$20 million work program where we are fully carried. We benefit from the production of low-cost, high-value gas that is sold to domestic industrial customers and, following the proposed drilling of three new wells and workovers, there is the potential to significantly increase gross production and cash flow. India remains an attractive jurisdiction to do business given high domestic gas prices and an attractive operating and fiscal regime and we look forward to reporting the results of our drilling and workover activities as they occur." |
I think "hoped" would have been more accurate than "expected". |
Going to take patience but this is encouraging...
'The current work program when completed is expected to lead to a self-funded full-field development involving up to 30 wells.' |
A pretty disappointing update. |
CEO has meetings in India next week which I assume will be followed up by an update RNS? |
FWIW:hTTps://x.com/StockBoxMedia/status/1879495641069416910 |
Someone bought 30 million shares today. Do they know something or just a bottom fisher? |
10 January 2025
AIM: SYN
Change of Joint Broker
The Board of Synergia Energy Limited (Synergia or the Company) is pleased to announce the appointment of share price Angel Corporate Finance LLP (SP Angel) as Joint Broker to the Company, alongside Novum Securities, with immediate effect. |
Bigpecs: "Well said Kev, I topped up averaging up of all things because once the GOI is signed this in my opinion will fly, GLA and keep the faith Roland will deliver" |
Another top up for me as I feel this is a no brainer at these prices , onwards and upwards 2025 with so much to come GLA |
Soon to be a profit making producer. share price to fly in 2025 hopefully |
As my average is a huge 5p, any recovery would be a bonus! |
Hope you are right. |
Looking at yesterday's rns there is going to be plenty of funds rolling in once all these workover wells are online. Then we have the new horizontals. This will fly in 2025! |
How are SYN going to raise any more money at these levels?
We now have a Market Cap of 4.9 million.
What are the chances of "our partner" Selan acquiring the whole 100% as SYN run out of money?
Merry Christmas. |
Merry Christmas |
Lots of well work overs going on ATM, we should hear some news soon, perhaps it will be a good Christmas 🎅 for shareholders |
Unbelievable!
More costs involved. |
Great. Not. |
 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. |
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