TIDMSYN

RNS Number : 2390B

Synergia Energy Ltd

01 June 2023

RNS Announcement

1 June 2023

AIM: SYN

Cambay C-77H Artificial Lift Update

Synergia Energy Ltd (the "Company" or "Synergia") is pleased to provide the following update concerning implementation of artificial lift equipment for the Cambay C-77H well.

The jet pump and modified wellhead will be ready for airfreight shipment to India circa June 5(th) 2023. The surface pump skid will be ready for airfreighting on June 3(rd) 2023. Other associated equipment such as motor drive, VFD panel, separator and tubing have been ordered locally for delivery early July 2023.

Due to workover rig availability, the re-completion operation is scheduled to commence on July 9(th) 2023, with an estimated duration of 8 days. The civil and electrical works and piping hook-up are scheduled to be completed by July 17(th) following the pump installation.

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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June 01, 2023 02:00 ET (06:00 GMT)

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