Selan Exploration Technology Limited — Important, 04-07-2025: General Updates

Selan Exploration Technology has announced a board meeting regarding the acquisition of the remaining 50% interest in the Cambay Field from Synergia Energy. This value-accretive deal will give Selan full operational control, unlocking resource potential without constraints. The acquisition involves staged payments totaling US$14 million, after which Selan will be free from prior carry obligations of US$10 million and production bonuses up to US$9 million. Full ownership is expected to significantly boost the company’s growth prospects.