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ASX-RNS Announcement
21 September 2022
ASX: SYN / 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:
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Investor Enquires Synergia Energy Ltd Roland Wessel CEO Email: synergiaenergy@synergiaenergy.com Tel: +61 8 9485 3200 Australia |
AIM Broker Novum Securities Broker Colin Rowbury Email: crowbury@novumsecurities.com Tel: +44 20 7399 9427 UK |
AIM Nominated Adviser Strand Hanson Limited Nominated Adviser Ritchie Balmer/Rory Murphy Tel: +44 20 7409 3494 UK |
Media Enquires (UK) Vigo Consulting Investor Relations Patrick d'Ancona / Finlay Thomson Email: patrick.dancona@vigoconsulting.com finlay.thomson@vigoconsulting.com Tel:+ 44 20 7390 0230 UK |
Synergia Energy Ltd confirmed liquid loading in its Cambay India C-77H wellbore via an echometer survey. A workover rig arrived on September 16th, replaced the temporary frac tree with a production tree, and will re-install the production tubing. The company also submitted two separate license applications for depleted gas fields under the North Sea Transition Authority's 1st carbon storage licensing round, which if successful will provide c.100 MT of CO2 storage capacity.
| Date | 21 Sept 2022 |
| Time | 07:00:02 |
| Category | Corporate updates |
| ID | 0099A |