18th Aug 2022 15:34
Synergia Energy Ltd - Perth-based developer of natural gas assets in India, Indonesia and the UK, formerly called Oilex Ltd - Notes that C-77H well on the onshore Cambay gas field in India is currently producing through the C-73 production facility.
Testing of the well immediately after the re-frac operation shows gas output rate of up to 0.5 million standard cubic feet per day from the two newly fracced zones.
C-73 wellbore remains offline with production testing of the C-77H well continues.
Looking ahead, Synergia plans to start a formal farm-out process for up to 50% of the TCF Cambay gas field. The current production sharing contract for the Cambay field remains valid through 2029.
Current stock price: 0.16 pence, down 4.6% on Thursday
12-month change: down 11%
By Dayo Laniyan; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
Synergia Energy