Synergia Energy Ltd (ASX:AIM:SYN) Cambay Farm Out Process Initiated

Synergia Energy Ltd (the “Company” or “Synergia”) is pleased to announce the following update with respect to its Cambay India operations.

The Company has engaged a recognised oil and gas advisory firm to provide advisory services for the planned farm out of up to 50% of the Company’s Cambay PSC. The advisory firm has extensive Indian oil and gas industry experience as well as an international reach. The identification of a partner on the Cambay PSC is key to the Company’s strategy to embark on a full field development programme, which is targeted to commence in 2023.

For and on behalf of Synergia Energy Ltd

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Roland Wessel

CEO

For further information, please contact:

Investor Enquires

Synergia Energy Ltd

Roland Wessel

CEO

Email: synergiaenergy@synergiaenergy.com

Tel: +61 8 9485 3200

Australia

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