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Synergia Energy (SYN) Share News

IN BRIEF: Synergia starts farm out process of UK carbon storage centre

28th May 2024 20:20

Synergia Energy Ltd - Oil and Gas exploration company headquartered in West Perth - Announces on Tuesday that it has begun a farm out process of its interest at the UK Medway Hub Camelot CCS project. Synergia and partner Wintershall Dea AG each own 50% of the Camelot carbon storage centre in the Southern North Sea. The centre is projected to store between 70 and 100 million tonnes of CO2. Synergia is offering up to 50% of its stake to interested parties. Read More

TRADING UPDATES: Home REIT cuts borrowings, Genflow shares restored

8th May 2024 21:42

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and Wednesday, and not separately reported by Alliance News: Read More

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

EARNINGS AND TRADING: Versarien inks agreement for Brazilian JV

14th Mar 2024 17:25

(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

IN BRIEF: Synergia converts loan notes; confirms no equity finance

11th Mar 2024 14:15

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

IN BRIEF: Synergia Energy agrees farm-out deal for Cambay Field

14th Feb 2024 19:56

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

UK shareholder meetings calendar - next 7 days

8th Feb 2024 16:04

TRADING UPDATES: Creo unveils product in APAC; Unilever hires director

31st Jan 2024 18:15

(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

Synergia Energy shares up on "ambitious" work programme with partner

22nd Jan 2024 10:38

(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

Synergia pens head of terms deal for Cambay field farm-out project

18th Dec 2023 10:35

(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

Synergia raises GBP1 million as sizes up Cambay farm-out agreement

5th Dec 2023 13:01

(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

UK shareholder meetings calendar - next 7 days

8th Nov 2023 15:46

Synergia Energy says gas rates have plateaued at C-77H well in Gujarat

3rd Nov 2023 09:05

(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

IN BRIEF: Synergia Energy shares jump on progress at C-77H well

25th Sep 2023 13:20

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

Synergia annual loss widens but hails "very positive" outlook

21st Sep 2023 16:13

(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

Synergia Energy reports stabilised gas output at Cambay C-77H well

23rd Aug 2023 10:49

(Alliance News) - Synergia Energy Ltd on Wednesday said that gas output at the Cambay C-77H well in Gujarat has stabilised. Read More

Synergia Energy says Cambay C-77H workover proceeding as expected

26th Jul 2023 12:27

(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

IN BRIEF: Synergia Energy plans placing to fund Cambay well workover

25th Jul 2023 17:19

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

IN BRIEF: Synergia Energy to start workover rig for Cambay well

4th Jul 2023 14:06

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

IN BRIEF: Synergia Energy wins North Sea carbon storage licence

27th Jun 2023 11:00

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

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