Cambay PSC and Board Changes
Summary by AI BETAClose X
RNS Announcement
05 May 2026
AIM: SYN
Cambay PSC and Board Changes
The Board of Synergia Energy Limited (Synergia or the Company) announces the following update regarding its Cambay PSC (50% WI) in India and Board structure update.
Cambay PSC Update
Oil production for April 2026 averaged 148 bopd primarily from two wells (C-64 and C-74) that were worked over in October 2025. Gas production for the month averaged 39 MCF/day from the C-77H well.
The Company is in discussion with its joint venture partner, Antelopus Selan Energy Ltd ("Selan") regarding the proposed new well (C-79) to be drilled later this year into the Eocene formation.
Board Changes
Mark Bolton, Non-Executive Director, is stepping down from the Synergia Board of Directors after several years of valuable service. Mark will continue to assist the Company under an advisory contract. The Company will look to appoint Stacey Britza, Synergia's Assistant Secretary, as a Non-Executive Director, and a further announcement will be made in due course following her appointment.
Roland Wessel, Chief Executive Officer said:
"Mark Bolton has helped steer the Company through challenging years and we are grateful for his contribution and wish him every success for the future."
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 Enquiries Synergia Energy Ltd Briana Stayt Investor Relations Email: bstayt@synergiaenergy.com Tel: +61 8 9485 3200 Australia |
Nominated Advisor and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Devik Mehta
Tel: +44 (0)20 3470 0470 UK |
Joint Broker AlbR Capital Limited Colin Rowbury Email: cr@albrcapital.com Tel: +44 20 7469 0930 UK |
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