Announcement • May 13
Synergia Energy Ltd Appoints Stacey Britza as Non-Executive Director, Effective May 12, 2026 Synergia Energy Ltd. announced the appointment of Stacey Britza as Non-Executive Director, effective 12 May 2026. Stacey, aged 47, has been actively involved in the Company's activities for 18 years as Executive Assistant and Assistant Company Secretary. Stacey brings valuable experience of the Company's activities and continuity. Stacey Britza does not currently hold any ordinary shares, options or warrants over the Company's ordinary shares. Announcement • May 06
Synergia Energy Ltd Announces Stepping Down of Mark Bolton, Non-Executive Director from the Board of Directors Synergia Energy Ltd. announced that Mark Bolton, Non-Executive Director, is stepping down from the Synergia Board of Directors after several years of valuable service. Mark will continue to assist the Company under an advisory contract. The Company will look to appoint Stacey Britza, Synergia's Assistant Secretary, as a Non-Executive Director, and a further announcement will be made in due course following her appointment. Reported Earnings • Mar 30
First half 2026 earnings released: EPS: AU$0 (vs AU$0.001 in 1H 2025) First half 2026 results: EPS: AU$0 (down from AU$0.001 in 1H 2025). Net loss: AU$574.8k (down 109% from profit in 1H 2025). Revenue is forecast to grow 110% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. New Risk • Mar 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.7m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue is less than US$1m (AU$252k revenue, or US$174k). Market cap is less than US$10m (UK£1.87m market cap, or US$2.48m). Announcement • Jan 22
Synergia Energy Limited Provides Cambay Psc Update Synergia Energy Limited announced the following update regarding its Cambay PSC. Cambay C78 Well Status: Subsequent to the drilling and casing operations, the C-78 well was perforated over a 5 meter interval in the Oligocene OSII zone. The well showed gas during clean up and testing operations. The well is currently under observation to monitor pressure behaviour, which will help in subsequent technical studies and operational planning for future gas monetisation from C-78. Workover Operations: As a result of the workover operations, production has stabilised at an aggregate level of circa 40 bopd (gross) from the C-64 and C-74 wells. Announcement • Dec 02
Synergia Energy Ltd Announces Change of Company Secretary, Effective December 01 , 2025 Synergia Energy Ltd. held its Annual General Meeting of Shareholders on November 28, 2025. The Company announced that Luke Phillips has stepped down as Company Secretary and has been succeeded by Allison Pacinotti, effective December 01, 2025 . New Risk • Dec 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). High level of non-cash earnings (79% accrual ratio). Revenue is less than US$1m (AU$292k revenue, or US$191k). Market cap is less than US$10m (UK£1.25m market cap, or US$1.65m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Oct 07
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: AU$0 (in line with FY 2024). Net income: AU$4.99m (up AU$7.79m from FY 2024). Revenue missed analyst estimates by 99%. Earnings per share (EPS) were also behind analyst estimates. Revenue is forecast to grow 89% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). High level of non-cash earnings (107% accrual ratio). Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m (AU$442k revenue, or US$289k). Market cap is less than US$10m (UK£3.27m market cap, or US$4.38m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Announcement • Sep 17
Synergia Energy Limited Provides Update on Cambay Psc Synergia Energy Limited announced the following update regarding its Cambay PSC. Antelopus Selan Energy Limited (formerly Selan Exploration Technology Limited), (" Selan") has informed the Company of the following planned activity on the Cambay PSC: Due to continued monsoon-related delays, the Aakash 50T work over rig will now be deployed to the Cambay C-64 wellsite during the first week in October 2025 to undertake the installation of a sucker rod pump. Announcement • Aug 28
Selan Exploration Technology Limited Announces Planned Activities on the Cambay PSC Synergia Energy Limited announced the following update regarding its Cambay PSC that Selan Exploration Technology Limited have informed the Company of the following planned activities on the Cambay PSC: The Aakash 50T work over rig will be deployed to the Cambay C-64 wellsite by mid-September to undertake the installation of the sucker rod pump. Selan plan to deploy a drilling rig contracted from Kiri Oilfield Services to drill a new well on the Cambay PSC in October 2025. The cost of the new well will be carried by Selan under the work program associated with the Farm In /Farm Out agreement between Synergia and Selan. New Risk • Jul 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). High level of non-cash earnings (107% accrual ratio). Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m (AU$442k revenue, or US$289k). Market cap is less than US$10m (UK£4.44m market cap, or US$6.06m). New Risk • Jun 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (107% accrual ratio). Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m (AU$442k revenue, or US$287k). Market cap is less than US$10m (UK£3.50m market cap, or US$4.75m). Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). New Risk • Apr 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 48% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (107% accrual ratio). Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Revenue is less than US$1m (AU$442k revenue, or US$263k). Market cap is less than US$10m (UK£2.96m market cap, or US$3.78m). Reported Earnings • Mar 19
First half 2025 earnings released: EPS: AU$0.001 (vs AU$0 in 1H 2024) First half 2025 results: EPS: AU$0.001 (up from AU$0 in 1H 2024). Net income: AU$10.6m (up AU$12.7m from 1H 2024). Revenue is forecast to grow 85% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. New Risk • Mar 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$638k revenue, or US$401k). Market cap is less than US$10m (UK£3.14m market cap, or US$4.06m). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Announcement • Feb 24
Synergia Energy Ltd has filed a Follow-on Equity Offering in the amount of £0.75 million. Synergia Energy Ltd has filed a Follow-on Equity Offering in the amount of £0.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,416,666,700
Price\Range: £0.0003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 83,333,300
Price\Range: £0.0003 Announcement • Feb 10
Synergia Energy Ltd Provides Update Regarding the Onshore Gas and Condensate Production in India and Its Carbon Capture and Storage Project Offshore United Kingdom Synergia Energy Ltd. provided the following update regarding the Company's projects, the onshore gas and condensate production in India and its carbon capture and storage ("CCS") project offshore United Kingdom. Following executive board member participation in various meetings with key stakeholders in India last week, the Company provides an update on a range of planned drilling and workover activities for 2025 on the Cambay PSC. The planned activities in 2025 are part of the $20 million field development program where Synergia is fully carried by Selan Exploration ("Selan"), an established oil and gas production company operating in India. The current work program when completed is expected to lead to a self-funded full-field development involving up to 30 wells. The Cambay PSC is a producing gas field with gross P50 reserves of 206 Bcf and upside potential from contingent and prospective resources of more than 1 Tcf that offers further growth opportunities. As part of the $20 million work program for which Synergia is being carried by Selan, three new wells are to be drilled comprising two vertical wells followed by one multi-stage fracked horizontal well. A tender has been issued for a suitable drilling rig and associated services. The drilling of the first well is currently scheduled for Second Quarter 2025, subject to rig availability. Selan is prepared to re-deploy its currently contracted rig from Assam to Cambay. The first well will be a vertical fracked well targeting the extensive Eocene gas reservoir. The three well drilling programme has the potential to deliver significant increases in production and cashflow from the Cambay PSC. Using the currently contracted 30T workover rig, and an additional 50/100T workover rig to be contracted in the future for workovers requiring higher rig capacity, the following workover program will continue through First Quarter and Second Quarter 2025: Cambay C-64:Miocene well, SRP to be installed. Cambay C-19z:This well has been producing material quantities of oil from the Eocene on free flow for the last 12 months. The planned workover involves the installation of an SRP to facilitate continuous increased production. Cambay C-74:Miocene well, contingent on success of C-64 workover. Cambay C-72:OS2 target, SRP to be installed. Cambay C-77H:This is currently the main producing Cambay well. The current 2 3/8" OD production tubing is planned to be replaced with 2 7/8" tubing to increase gas production rates. Cambay C-70:Cambay well C-70 was selected as the first workover candidate as a gas producer from the shallow Miocene reservoir. Despite promising initial production of up to 190,000 scfd, the well has experienced water influx. A final attempt to re-start the well using compression equipment will be made in the near future. Cambay C-63:The workover on C-63 targeted oil production from the Eocene reservoir. The well was cleaned out prior to the installation of a sucker rod pump ("SRP"). The SRP was not able to be installed deep enough in the well to avoid "gas blocking" due to an obstruction in the wellbore. The forward plan is to mill out the obstruction so the SRP can be installed below the perforations to avoid gas blocking. Thereafter, contingent on establishing production, the well is a candidate for frac stimulation. Further to its announcement on 28 November 2024, the Company provides the following update concerning the Camelot CS licence CS019 (WI: 50%) in the UK. The Company is engaged in a search to identify a replacement JV partner following Harbour Energy's request to withdraw from the Medway Hub project that it entered in September 2024 as a result of its acquisition of the original JV partner, Wintershall Dea. Further updates will be provided when there is any material progress to report regarding a replacement JV partner. The Company will continue to progress legacy well integrity studies but has taken the prudent decision to pause all other non-essential technical work until there is progress on a replacement JV partner. Announcement • Feb 04
Synergia Energy Ltd Appoints Andrew Darbyshire as Executive Director, Effective February 4, 2025 Synergia Energy Ltd. announced the appointment of Mr. Andrew Darbyshire as an Executive Director of Synergia Energy, effective February 4, 2024, having been appointed as Synergia's CFO in November 2024. Andrew qualified as an accountant in 2011 with Garbutt & Elliott and went on to work in audit for Grant Thornton. In 2014, Andrew joined Getech Group plc to establish its new finance team, and subsequently joined their board in 2018, where he was instrumental in several acquisitions. Andrew has a master's degree in mathematics from the University of York and is a Fellow of the Institute of Chartered Accountants in England and Wales. Andrew Liam Darbyshire, aged 42, Past Directorships in last 5 years: Getech Group plc, Exprodat Consulting Limited, ERCL Limited, Getech Minerals Limited, Getech Lithium Limited, Getech International Limited, Geophysical Exploration Technology Limited, H2 Green Limited, H2G Opco1 Limited, H2G Opco2 Limited. Mr. Darbyshire does not currently hold any shares, or an interest over shares, in the Company. Board Change • Jan 02
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Deputy Chairman Peter Schwarz was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Deputy Chairman Peter Schwarz was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 07
Synergia Energy Ltd has completed a Follow-on Equity Offering in the amount of £1.0109 million. Synergia Energy Ltd has completed a Follow-on Equity Offering in the amount of £1.0109 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,021,800,000
Price\Range: £0.0005
Security Features: Attached Warrants Announcement • Sep 11
Synergia Energy Ltd Announces Cambay Work Program Update Synergia Energy Ltd. provided the following update regarding the planned work program associated with the Company's Cambay Field Production Sharing Contract ("Cambay PSC") in Gujarat State, India. Synergia's joint venture partner, Selan Exploration Technology Limited ("Selan"), is lead joint operator on the Cambay PSC pursuant to the closing of the farm-out agreement on 1 August 2024, with a 50% working interest in the PSC. Selan plan to conduct workover operations on a minimum of 3 wells and potentially up to 6 wells on the Cambay PSC. The candidate wells are C-20, C-63, C-64, C-70, C-73 and C-77. All workover candidates are currently being evaluated with respect to sequencing and technical requirements. Workover operations are planned to commence in October 2024 and once completed, will be followed by the drilling of two new vertical wells and one new horizontal well. It is anticipated that the workover program will be of approximately 6 months' duration. Synergia will be carried by Selan through the agreed USD 20 million work program. Announcement • Apr 03
Synergia Energy Ltd Appoints Ashish Khare as an Executive Director Synergia Energy Ltd. announced the appointment of Mr. Ashish Khare as an Executive Director of Synergia Energy, finalised effective 2 April 2024, having served as Synergia's Head of India Assets since 2016. A qualified Chemical Engineer with training in Petroleum Management, Ashish has held key positions in prominent companies in India, including Reliance Petroleum, Enron LNG and Cairn India. His extensive experience spans across different sectors within the industry, including upstream oil and gas exploration and production, as well as midstream (LNG and gas network) and downstream (Refineries and Petrochem) project implementation. Ashish Khare, aged 51. Current Directorships /Partnerships: Merlion Energy Resources Private Limited. Announcement • Dec 19
Synergia Energy Ltd has completed a Follow-on Equity Offering in the amount of £1.1 million. Synergia Energy Ltd has completed a Follow-on Equity Offering in the amount of £1.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,375,000,000
Price\Range: £0.0008
Transaction Features: Subsequent Direct Listing Announcement • Oct 24
Synergia Energy Ltd, Annual General Meeting, Nov 15, 2023 Synergia Energy Ltd, Annual General Meeting, Nov 15, 2023, at 10:00 Coordinated Universal Time. Location: Vigo Consulting, Sackville House, 40 Piccadilly, London W1J 0DR London United Kingdom Agenda: To receive and consider the Financial Report, together with the declaration of the Directors, the Directors' Report and the Auditor's Report for the financial year ended 30 June 2023; to consider the adoption of Remuneration Report; to consider re-election of Mr Mark Bolton as a Director; and to consider other matters. Announcement • Sep 09
Synergia Energy Ltd Announces Change of Company Secretary Synergia Energy Ltd. announced the following changes to its Company Secretary position with immediate effect. Jack Rosagro steps down as Company Secretary. The Company's Board of Directors would like to thank Jack for his input to the Company. Synergia announced the appointment of Anshu Raghuvanshi as Company Secretary. Anshu leads the company secretarial services for Computershare Governance Services, Melbourne, Australia. She has over 12 years' experience in company secretarial roles, working with listed companies to ensure their compliance with annual and ad-hoc reporting, and to guide them in their governance processes. Anshu supports clients with the administration of their board, committee, and annual general meetings, including notices, agendas and minutes. Announcement • Aug 24
Synergia Energy Limited Provides Update Concerning the Cambay C-77H Well Workover Synergia Energy Ltd. provided the following update concerning the Cambay C-77H well workover. Following the removal of the bridge plug that isolated the original 4 perforated and fracked zones from 2014, the production tubing was re-inserted into the well and the well placed on production to establish a production baseline without artificial lift. The well has stabilised at a gas production level of c. 130,000 - 150,000 SCFD. The well continues to exhibit severe liquid loading. The planned installation of a jet pump artificial lift system and ancillary surface equipment is underway with civil works preceding the hook up of the surface pump and separator. Due to availability constraints, the workover rig will arrive on location on September 8th to remove the production tubing and re-install the completion equipment, incorporating the concentric jet pump assembly. The Company plans to announce the results of the well production with artificial lift as soon as production rates have stabilised. Announcement • Aug 09
Synergia Energy Ltd has completed a Follow-on Equity Offering in the amount of £0.775 million. Synergia Energy Ltd has completed a Follow-on Equity Offering in the amount of £0.775 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 704,545,454
Price\Range: £0.0011
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Jul 06
Synergia Energy Limited Provides Update Concerning Implementation of Artificial Lift Equipment for the Cambay C-77H Well Synergia Energy Ltd. provided the following update concerning implementation of artificial lift equipment for the Cambay C-77H well. The workover rig is now scheduled to arrive on the Cambay location on July 12th and to commence workover operations on July 14th. The workover program has been modified at the request of the Directorate of Hydrocarbons ("DGH"). The revised program calls for the removal of the production tubing and milling out of the bridge plug that currently isolates the original four fracked zones from the two currently producing re-frac zones. The production tubing will be re-inserted and per the DGH request, the well will be flowed for a period to establish a baseline of production without artificial lift. During the period of baseline establishment, the workover rig will be deployed to the nearby C-19z oilwell to conduct a de-waxing operation lasting approximately 5 days. Following the C-19z workover, the rig will return to the C-77H well to install the jet pump. The revised program will facilitate a direct comparison of well performance with and without artificial lift. Announcement • Jun 29
Synergia Energy Ltd Announces Joe Salomon, Currently Executive Chairman, Will Move into the Role of Non-Executive Chairman Synergia Energy Ltd. announced that Joe Salomon, currently Executive Chairman, will move into the role of Non-Executive Chairman with immediate effect. Announcement • Feb 02
Synergia Energy Ltd Provides Cambay C-77H Update Synergia Energy Ltd. provided the following update concerning the Cambay C-77H well. The C-77H well has been on continuous plateau gas production since the re-installation of the production tubing on September 22nd 2022. The production has ranged between 150,000 SCFD and 275,000 SCFD depending on the level of fluid loading in the wellbore. The well is currently producing c. 200,000 SCFD. The production is being inhibited by the c. 1,500m column of gas condensate in the wellbore. Having eliminated several artificial lift solutions to remove the condensate, including electrical submersible pumps which were considered to be prohibitively expensive and sucker rod pumps which are intolerant to even small gas levels, the Company elected to adopt a progressive cavity pump ("PCP") solution. The Cambay condensate has a high aromatic content which is not compatible with the standard nitrile rubber stators incorporated in conventional PCP pumps. PCM have a range of elastomer options for the stator lining, including FKM 204 (also known as Viton) which has been proven to be tolerant to an aromatic content of up to 10%. Further testing is required to ascertain whether Viton-lined stators will tolerate the Cambay condensate aromatic content of 40%. As an alternative, the Company is evaluating the use of PCM's all metal PCP which eliminates the aromatics issue but at a significantly higher cost and longer lead time. Since the PCP specification selection has long-term full field development implications, the Company will continue its evaluation studies in order to make an informed decision prior to finalising purchase orders. Further updates will be provided as and when appropriate. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Peter Schwarz was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Peter Schwarz was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
