Synergia Energy

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AU0000233538

Delayed London S.E. Other stock markets 07:38:02 2024-05-17 am EDT			5-day change	1st Jan Change
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May. 08	Home REIT cuts borrowings, Genflow shares restored	AN
Apr. 02	MaxCyte inks deal with Be Bio; Orcadian firms farmout	AN

Synergia notes interest in 51% acquisition of its asset

April 26, 2023 at 01:02 pm EDT

Synergia Energy Ltd - developer of natural gas assets in India - Notes it has received a non-binding expression of interest for the acquisition of up to 51% in its Cambay Block PSC. Says this is in return for a carried interest in the drilling of a "to be defined number of development wells". Notes this expression of interest may not necessarily result in the completion of any deal, and is subject to due diligence. Says it will make a further announcement if and when appropriate.

Current stock price: 0.18p, up 55%

12-month change: down 11%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
S&P GSCI NATURAL GAS INDEX	127 PTS	+0.97%	+10.87%	-
CORPORATION LTD.	0.35 SGD	0.00%	0.00%	142M
SYNERGIA ENERGY	0.112 GBX	-0.44%	+6.67%	15.1M

Latest news about Synergia Energy

Home REIT cuts borrowings, Genflow shares restored	May. 08	AN
MaxCyte inks deal with Be Bio; Orcadian firms farmout	Apr. 02	AN
Synergia Energy Ltd Appoints Ashish Khare as an Executive Director	Apr. 02	CI
EARNINGS AND TRADING: Versarien inks agreement for Brazilian JV	Mar. 14	AN
Synergia Energy Ltd Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 13	CI
Synergia converts loan notes; confirms no equity finance	Mar. 11	AN
Synergia Energy agrees farm-out deal for Cambay Field	Feb. 14	AN
Synergia Energy Limited Announces Finalization of Cambay Field Farm Out and Joint Venture with Selan Exploration Technology Limited	Feb. 14	CI
Creo unveils product in APAC; Unilever hires director	Jan. 31	AN
Synergia Energy shares up on "ambitious" work programme with partner	Jan. 22	AN
Synergia pens head of terms deal for Cambay field farm-out project	Dec. 18	AN
Synergia raises GBP1 million as sizes up Cambay farm-out agreement	Dec. 05	AN
Synergia Energy says gas rates have plateaued at C-77H well in Gujarat	Nov. 03	AN
Synergia Energy Ltd Provides Cambay C-77H Artificial Lift Update	Nov. 03	CI
Synergia Energy shares jump on progress at C-77H well	23-09-25	AN
Synergia annual loss widens but hails "very positive" outlook	23-09-21	AN
Synergia Energy Ltd Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-21	CI
Synergia Energy Ltd Announces Change of Company Secretary	23-09-08	CI
Synergia Energy reports stabilised gas output at Cambay C-77H well	23-08-23	AN
Synergia Energy Limited Provides Update Concerning the Cambay C-77H Well Workover	23-08-23	CI
Synergia Energy says Cambay C-77H workover proceeding as expected	23-07-26	AN
Synergia Energy plans placing to fund Cambay well workover	23-07-25	AN
Synergia Energy to start workover rig for Cambay well	23-07-04	AN
Synergia Energy Limited Provides Update Concerning Implementation of Artificial Lift Equipment for the Cambay C-77H Well	23-07-04	CI
Synergia Energy Ltd Announces Joe Salomon, Currently Executive Chairman, Will Move into the Role of Non-Executive Chairman	23-06-29	CI

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Company Profile

Synergia Energy Ltd is an Australia-based company focused on gas production. The Company is primarily involved in the exploration, evaluation, development, and production of hydrocarbons. It identifies natural gas assets with development potential and develops gas production from proven gas fields or exploration assets in proven gas producing basins. It is also focused on carbon-neutral gas production. Its operation in India is located in the Cambay Basin, covering approximately 161 square kilometers in Gujarat State. The Company's Medway Hub Carbon Capture and Storage (CCS) project provides for the capture and transportation of carbon dioxide (CO2) emissions from coastal combined cycle gas turbines (CCGT) power stations in liquid form by marine tanker to a Floating Injection, Storage and Offloading vessel (FISO) from which the CO2 would be injected into depleted gas fields, which are situated in the in the United Kingdom Continental Shelf (UKCS), for permanent sequestration.

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