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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Synergia Energy Ltd | LSE:SYN | London | Ordinary Share | AU0000233538 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0025 | -2.13% | 0.115 | 0.11 | 0.12 | 0.1175 | 0.11 | 0.1175 | 97,551,702 | 14:16:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 1.3M | -5.38M | -0.0006 | -1.83 | 9.26M |
TIDMSYN
RNS Number : 9976V
Synergia Energy Ltd
13 April 2023
RNS Announcement
13 April 2023
AIM: SYN
Cambay Update
Synergia Energy Ltd (the "Company" or "Synergia") is pleased to provide the following update concerning the Cambay PSC.
The jet pump artificial lift equipment for the C-77H well is on schedule for delivery late May / early June 2023. The jet pump equipment will have sufficient capacity to lift not only the fluids from the two currently producing re-frac zones, but also the fluids associated with the original four fracked zones that are currently isolated with a bridge plug. Consequently the Company plans to remove the bridge plug and re-connect the four original zones when the well is re-completed with the jet pump artificial lift system.
The currently producing two C-77H re-frac zones continue to produce on plateau at c. 150,000 SCFD, despite the extensive column of condensate in the well. The Company anticipates that production from these two zones will be enhanced by the jet pump installation and this enhanced production will be further increased by the contribution of the re-connected original four zones in the C-77H well.
The farm out discussions are ongoing and the Company does not anticipate that the C-77H artificial lift implementation will have an impact on the farm out process being concluded.
For and on behalf of Synergia Energy Limited
Roland Wessel
CEO
For further information, please contact:
Investor Enquires AIM Broker AIM Nominated Media Enquires Synergia Energy Novum Securities Adviser (UK) Ltd B roker Strand Hanson Vigo Consulting Briana Stayt Colin Rowbury Limited Investor Relations Investor Relations Email: Nominated Adviser Patrick d'Ancona Email: crowbury@novumsecurities.com Ritchie Balmer/Rory / Finlay Thomson bstayt@synergiaenergy.com Tel: +44 20 Murphy Email: Tel: +61 8 9485 7399 9427 Tel: +44 20 7409 patrick.dancona@vigoconsultin 3200 UK 3494 g.com Australia UK finlay.thomson@vigoconsulting .com Tel:+ 44 20 7390 0230 UK
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(END) Dow Jones Newswires
April 13, 2023 02:00 ET (06:00 GMT)
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