Cambay PSC Update

Summary by AI BETAClose X

Synergia Energy Ltd has provided an update on its Cambay PSC in India, confirming that the planned C-79 new well will target the Eocene reservoir near the existing C-19z well. This vertical/deviated well will incorporate hydraulic fracking, with a joint venture partner planning to use a DEEP Industries rig. The estimated spud date for the C-79 well is late November 2026.

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Synergia Energy Ltd
01 October 2026
 

RNS Announcement

 

01 October 2026

 

AIM: SYN

Cambay PSC Update

 

Synergia Energy Limited (Synergia or the Company) announces the following update regarding its Cambay PSC (WI 50%) in India.

 

 

Planned Cambay C-79 new well update

 

Synergia and its Cambay PSC joint venture partner, Antelopus Selan Energy Limited (“ASEL”) have been engaged in detailed technical discussions for the last several months concerning the planned new C-79 Cambay well.

 

The primary target for C-79 has been agreed as the Eocene located close to the existing producing C-19z well. The well will be a vertical / deviated well and will incorporate hydraulic fracking in the Eocene reservoir. ASEL plan to use a DEEP Industries rig and the current estimated spud date is late November 2026.

 

 

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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