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RNS Number : 3712A Synergia Energy Ltd 22 January 2024
RNS Announcement
22 January 2024
AIM: SYN
Cambay Farm Out Update
Synergia Energy Limited ("Synergia" or the "Company"), is pleased to announce
the following update regarding the Cambay PSC Farm Out.
Synergia held meetings in India last week with the potential joint venture
partner (the "Farminee"). The primary objective was to agree a work program
that will form an integral part of the farm out agreement. An ambitious work
program was agreed between Synergia and the Farminee.
Progress has also been made on the farm out agreement and joint operating
agreement and the Company and the Farminee are aiming to execute these
agreements before the end of January 2024.
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 Enquires AIM Joint Broker AIM Joint Broker AIM Nominated Adviser Media Enquires (UK)
Synergia Energy Ltd Panmure Gordon (UK) Ltd Novum Securities Strand Hanson Limited Vigo Consulting
Briana Stayt Broker Broker Nominated Adviser Investor Relations
Investor Relations Mark Murphy / Hugh Rich / Freddie Wooding Colin Rowbury Ritchie Balmer / Rory Murphy Patrick d'Ancona / Finlay Thomson
Email: Tel: +44 (0)20 7886 2500 Email: Tel: +44 20 7409 3494 Email:
bstayt@synergiaenergy.com UK crowbury@novumsecurities.com UK patrick.dancona@vigoconsulting.com
Tel: +61 8 9485 3200 Tel: +44 20 7399 9427 finlay.thomson@vigoconsulting.com
Australia UK Tel:+ 44 20 7390 0230
UK
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