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SYN Synergia Energy Ltd

0.1075
-0.0075 (-6.52%)
13 Jun 2024 - Closed
Delayed by 15 minutes
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
  -0.0075 -6.52% 0.1075 0.105 0.11 0.115 0.1075 0.115 32,329,628 09:20:50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.3M -5.38M -0.0006 -1.83 9.26M

Synergia Energy Ltd Update on GOI Approval, Working Interest Transfer

07/05/2024 7:00am

RNS Regulatory News


RNS Number : 2577N
Synergia Energy Ltd
07 May 2024
 

A picture containing icon Description automatically generated

RNS Announcement

 

7 May 2024

 

AIM: SYN

Update on Government of India Approval for Working Interest Transfer

 

Further to its announcement on 14 February 2024, Synergia Energy Limited ("Synergia" or the "Company") provides the following update regarding the pending approval by the Government of India ("GOI") for the transfer of a 50% interest in the Company's Cambay Field Production Sharing Contract ("Cambay PSC") to Selan Exploration Technology Limited ("Selan").

Extensive dialogue between Synergia and the two GOI regulators, the Directorate General of Hydrocarbons ("DGH") and the Ministry of Petroleum and Natural Gas ("MOPNG"), has been underway since early March 2024 to expedite the transfer of the 50% interest in the Cambay PSC to Selan.

At this time, Synergia believes all the necessary formalities have now been processed for the GOI approval to be issued once Ministerial sign-off has occurred.

 

For and on behalf of Synergia Energy Limited

 

 

 

 

 

 

Roland Wessel

CEO

For further information, please contact:

 

Investor Enquires

Synergia Energy Ltd

Briana Stayt

Investor Relations

Email: 

bstayt@synergiaenergy.com

Tel: +61 8 9485 3200

Australia

AIM Joint Broker

Panmure Gordon (UK) Ltd

Broker

Mark Murphy / Hugh Rich / Freddie Wooding

Tel: +44 (0)20 7886 2500

UK

AIM Joint Broker

Novum Securities

Broker

Colin Rowbury

Email: 

crowbury@novumsecurities.com

Tel: +44 20 7399 9427

UK

AIM Nominated Adviser

Strand Hanson Limited

Nominated Adviser

Ritchie Balmer / Rory Murphy

Tel: +44 20 7409 3494

UK

Media Enquires (UK)

Vigo Consulting

Investor Relations

Patrick d'Ancona / Finlay Thomson

Email:

patrick.dancona@vigoconsulting.com

finlay.thomson@vigoconsulting.com

Tel:+ 44 20 7390 0230

UK

 

 

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