Synergia Energy Ltd Update on GOI Approval, Working Interest Transfer
07 May 2024 - 4:00PM
RNS Regulatory News
RNS Number : 2577N
Synergia Energy Ltd
07 May 2024
RNS
Announcement
7 May 2024
AIM: SYN
Update on Government of India Approval
for Working Interest Transfer
Further to its announcement on 14 February
2024, Synergia Energy Limited ("Synergia" or the "Company") provides the following update
regarding the pending approval by the Government of India
("GOI") for the transfer of
a 50% interest in the Company's Cambay Field Production Sharing
Contract ("Cambay PSC") to
Selan Exploration Technology Limited ("Selan").
Extensive dialogue between Synergia and the two
GOI regulators, the Directorate General of
Hydrocarbons ("DGH") and
the Ministry of Petroleum and Natural Gas ("MOPNG"), has been underway since early
March 2024 to expedite the transfer of the 50%
interest in the Cambay PSC to Selan.
At this time, Synergia believes all the
necessary formalities have now been processed for the GOI approval
to be issued once Ministerial sign-off has occurred.
For and on
behalf of Synergia Energy Limited
Roland
Wessel
CEO
For further information, please
contact:
|
Investor Enquires
Synergia Energy Ltd
Briana Stayt
Investor Relations
Email:
bstayt@synergiaenergy.com
Tel: +61 8 9485 3200
Australia
|
AIM
Joint Broker
Panmure Gordon (UK) Ltd
Broker
Mark Murphy / Hugh Rich / Freddie
Wooding
Tel: +44 (0)20 7886 2500
UK
|
AIM
Joint Broker
Novum Securities
Broker
Colin Rowbury
Email:
crowbury@novumsecurities.com
Tel: +44 20 7399 9427
UK
|
AIM
Nominated Adviser
Strand Hanson Limited
Nominated Adviser
Ritchie Balmer / Rory
Murphy
Tel: +44 20 7409 3494
UK
|
Media Enquires (UK)
Vigo
Consulting
Investor Relations
Patrick d'Ancona / Finlay
Thomson
Email:
patrick.dancona@vigoconsulting.com
finlay.thomson@vigoconsulting.com
Tel:+ 44 20 7390 0230
UK
|
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END
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