Synergia Energy Ltd Cambay Farm Out Update (3712A)

TIDMSYN

RNS Number : 3712A

Synergia Energy Ltd

22 January 2024

RNS Announcement

22 January 2024

AIM: SYN

Cambay Farm Out Update

Synergia Energy Limited ("Synergia" or the "Company"), is pleased to announce the following update regarding the Cambay PSC Farm Out.

Synergia held meetings in India last week with the potential joint venture partner (the "Farminee"). The primary objective was to agree a work program that will form an integral part of the farm out agreement. An ambitious work program was agreed between Synergia and the Farminee.

Progress has also been made on the farm out agreement and joint operating agreement and the Company and the Farminee are aiming to execute these agreements before the end of January 2024.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For and on behalf of Synergia Energy Limited

Roland Wessel

CEO

For further information, please contact:

 
 Investor                 AIM Joint Broker       AIM Joint                   AIM Nominated     Media Enquires 
 Enquires                  Panmure Gordon        Broker                       Adviser          (UK) 
 Synergia                  (UK) Ltd              Novum Securities             Strand Hanson    Vigo Consulting 
 Energy Ltd                Broker                Broker                       Limited          Investor Relations 
 Briana Stayt              Mark Murphy /         Colin Rowbury                Nominated        Patrick d'Ancona 
 Investor                  Hugh Rich / Freddie   Email:                       Adviser          / Finlay Thomson 
 Relations                 Wooding               crowbury@novumsecurities.    Ritchie Balmer   Email: 
 Email:                    Tel: +44 (0)20        com                          / Rory Murphy    patrick.dancona@vigocon 
 bstayt@synergiaenergy.    7886 2500             Tel: +44 20                  Tel: +44         sulting.com 
 com                       UK                    7399 9427                    20 7409 3494     finlay.thomson@vigocons 
 Tel: +61                                        UK                           UK               ulting.com 
 8 9485 3200                                                                                   Tel:+ 44 20 7390 
 Australia                                                                                     0230 
                                                                                               UK 
 

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January 22, 2024 02:00 ET (07:00 GMT)