Synergia Energy Ltd. said Wednesday that the consistent rise in gas production at its C-77H gas well at the Cambay project onshore India confirms its belief that a fracking methodology has been established that will underpin a full field development.
The oil-and-gas company–formerly known as Oilex Ltd.–said it has analyzed and optimized the well’s gas-production rates and that flow rates have increased to 276,000 standard cubic feet a day from 150,000 standard cubic feet a day at the end of September.
“The company is currently designing a revised completion string incorporating a downhole pump to lift fluids from the wellbore and to enhance production rates,” the company said.
Shares at 1517 GMT were up 5% at 0.11 pence.