Synergia Energy Ltd Medway Hub Camelot CCS Farm Out
May 28 2024 - 2:00AM
RNS Regulatory News
RNS Number : 9286P
Synergia Energy Ltd
28 May 2024
RNS
Announcement
28 May 2024
AIM: SYN
Medway Hub Camelot CCS Farm
Out
Synergia Energy Limited ("Synergia" or the "Company") announces the commencement of
a farm out process concerning its Medway Hub Camelot CCS project in
the UK.
Synergia and its partner, Wintershall Dea
("WD"), each hold a 50%
interest in the CS019 Camelot carbon storage licence, with Synergia
as designated operator. The Camelot licence, located in the UK
Southern North Sea, is currently projected to be able to store
between 70 and 100 million tonnes of CO2.
Following expressions of interest from a number
of parties, Synergia has decided to offer up to half of its 50%
interest in the CS019 licence under a farm out arrangement, subject
to necessary regulatory approvals, with Synergia remaining as
designated operator.
Further updates on the farm out process will be
provided as and when appropriate.
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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