TRADING UPDATES: MaxCyte inks deal with Be Bio; Orcadian firms farmout
2nd Apr 2024 15:19
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Synergia Energy Ltd - India and UK-focused gas production and carbon capture and storage project development company - Provides an update on March 9 maturity date of 6,500 convertible loan notes issued a year ago. The company says that this week it will repay in cash GBP386,451 including interest in respect of 5,430 notes and has agreed to repay GBP188,688 in cash including interest on or around September 30 in respect of 1,750 notes. It says that in total it will issue 140.5 million new shares for the conversion of the CLN. As announced in February, Synergia has a farm-out agreement with Selan Exploration Technology Ltd to transfer 50% of the Cambay PSC to Selan and awaits Government of India approval for the transfer, which will trigger the payment of USD2.5 million to the company. Read More
Synergia Energy Ltd - India and UK-focused gas production and carbon capture and storage project development company - Announces the successful conclusion of negotiations with Selan Exploration Technology Ltd and execution of a farm-out agreement regarding the Cambay Field production sharing contract. Agrees to farm out 50% of the 100% interest held by Synergia in the Cambay PSC to Selan. In exchange for the 50% interest, Synergia will be carried by Selan through an agreed USD20 million work programme comprising three new wells focussed on the Eocene reservoir and three well work-overs. Synergia receives a cash payment of USD2.5 million immediately, proposes to apply the proceeds towards working capital purposes. Synergia retains a 50% interest in the Cambay PSC and a 50% share of the future production and revenues. This includes bonuses of up to USD9 million, linked to future cumulative gas sales thresholds. Read More
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Synergia Energy Ltd shares rose on Monday, after it said it has agreed an "ambitious" work programme connected to the Cambay PSC farm-out. Read More
(Alliance News) - Synergia Energy Ltd Monday said it had agreed a head-of-terms deal for its farm-out agreement in the Cambay Field. Read More
(Alliance News) - Synergia Energy Ltd on Tuesday said it has arranged a GBP1.1 million equity raise and added that it reached a deal "in principle" for a farm-out at the Cambay field. Read More
(Alliance News) - Synergia Energy Ltd on Friday said gas production rates have plateaued at the Cambay C-77H well in Gujarat, India in an update on the well's artificial lift operations. Read More
Synergia Energy Ltd - India and UK-focused gas production and carbon capture & storage project development company - Completes the installation of a jet pump into the C-77H well at the Cambay field in India. Adds that the artificial lift system at the well is also operational. Says that further announcements will be made regarding production rates once the well has been cleared of fluids and flow rates have been stabilised. The fluids in the wellbore are currently being lifted, Synergia says. Read More
(Alliance News) - Synergia Energy Ltd on Thursday reported an increased annual loss but emphasised the development of a large gas resource in India. Read More
(Alliance News) - Synergia Energy Ltd on Wednesday said that gas output at the Cambay C-77H well in Gujarat has stabilised. Read More
(Alliance News) - Synergia Energy Ltd on Wednesday said workover operations at the Cambay C-77H well in Gujarat, India have proceeded according to expectations. Read More
Synergia Energy Ltd - India-focused developer of natural gas assets - Says it will raise GBP775,000 via a placing of 704.5 million new shares at GBP0.11 per share, to be completed in two tranches by August 7. Says the funding will be used to complete its workover of the Cambay C-77H well, as well as for its working capital base. Notes that 16.8% shareholder Republic Investment Management Pte Ltd will subscribe for GBP325,000 of the placing. Read More
Synergia Energy Ltd - India-focused developer of natural gas assets - Says workover rig regarding Cambay C-77H in Gujarat, India is well is due to arrive on July 12. Says rig will start workover operations on July 14, and will last around five days. Notes the program will facilitate a direct comparison of well performance with and without artificial lift. Read More
Synergia Energy Ltd - India-focused developer of natural gas assets - Confirms successful application for CS01 2022 APP25 'Camelot' carbon storage licence under North Sea Transition Authority's first round. Synergia acted as operator but made licence application in partnership with Wintershall Dea AG. Says licence is "significant milestone" for its Medway Hub CCS project, which provides for the capture and transportation of carbon dioxide emissions from coastal combined-cycle gas turbine power stations. CO2 will be transported in liquid form to a floating vessel and injected into UK Continental Shelf depleted gas fields and saline aquifers. First injection is expected in 2032. Synergia's share of initial work phase is subject to funding. Read More
Synergia Energy Ltd - developer of natural gas assets in India - Makes progress on implementation of artificial lift equipment for the Cambay C-77H well. The Cambay field is Synergia's flagship asset, covering 161 square kilometres in Gujarat, India. Read More
(Alliance News) - Synergia Energy Ltd shares dropped on Thursday, after it said one of its applications under a carbon storage licencing round has been unsuccessful. Read More