Synergia Energy Ltd (the “Company” or “Synergia”) is pleased to announce the following update with respect to its Cambay India operations.
The C-77H well continues to produce on a consistent plateau with gas rates between 255 and 275 MCFD. Gas production is being sold at the Government of India regulated price of $8.57/MCF.
In addition to the C-77H gas condensate, oil production from the C-19z, C-20, C-63 and C-72 wells has re-commenced.
Although the newly re-opened oil wells are experiencing “flush production” (the higher rate normally experienced when wells are brought back online), currently an aggregate of c. 50 bopd (including condensate) is being produced.
The oil is being sold at Bonny Light average pricing. In October 2022, 893 bbls of oil were sold at $78.8/bbl.
For and on behalf of Synergia Energy Ltd
Roland Wessel
CEO
For further information, please contact:
Investor Enquires
Synergia Energy Ltd
Briana Stayt
Investor Relations
Email: [email protected]
Tel: +61 8 9485 3200
Australia
