Synergia Energy has announced the following update regarding its Cambay PSC (WI: 50%), onshore India.
Following the execution of the Heads of Terms for the sale of Synergia's 50% working interest in the Cambay PSC, Selan Exploration Technology have remitted the initial payment of US$ 0.5 million to Synergia. The development of a mutually acceptable Sale and Purchase Agreement is currently underway.
The current workover operation on the C-64 well which involves the installation of a sucker rod pump has experienced further delays due to monsoon rains and will continue into August 2025.
Source: Synergia Energy
