Synergia Energy Ltd (ASX:AIM:SYN) Cambay India & UK CCS Update

Synergia Energy Ltd (the “Company” or “Synergia”) (formerly named Oilex Ltd) is pleased to announce the following update with respect to its Cambay India operations and the Medway Hub CCS project in the UK.

Cambay India – C77H workover

The liquid loading of the C-77H wellbore was confirmed by an echometer survey prior to the arrival of the workover rig on September 16th. The workover rig was immediately rigged up and to date the temporary frac tree has been replaced with the production “Christmas” tree. The production tubing will be re-installed over the next 24 hours prior to resumption of production. Nitrogen lift equipment has been placed on standby in anticipation of lifting the fluids in the wellbore with nitrogen.

UK CCS

The Company has submitted applications under the North Sea Transition Authority’s (“NSTA”) 1st carbon storage licensing round. Synergia has made two separate license applications covering depleted gas fields in the UKCS, which if successful will provide c.100 MT of CO2 storage capacity to complement the Company’s Medway Hub CCS project. Development of the project would be subject to the Company securing the necessary funding.

For and on behalf of Synergia Energy Ltd

Roland Wessel

CEO

For further information, please contact:

Investor Enquiries

Synergia Energy Ltd

Roland Wessel

CEO

Email: [email protected]

Tel: +61 8 9485 3200

Australia


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