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Stock impact report

Vedanta Limited: KG-OSN-2009/3 Discovery, Krishna-Godavari Basin, India

Vedanta Ltd ADS (VEDL)  More Company Research Source: PR Newswire
US:NYSE Investor Relations: vedantalimited.com/investor-relations.aspx
PDF MUMBAI, India, Sept. 14, 2018 /PRNewswire/ -- Vedanta Limited has today notified the Management Committee, Ministry of Petroleum and Natural Gas and Directorate General of Hydrocarbons (DGH) of a hydrocarbon Discovery in well A3-2 within its operated block KG-OSN-2009/3 within Krishna-Godavari Basin, East Coast of India. Vedanta Limited holds 100% participating interest in the block.A3-2 is the first exploration well drilled within the KG-OSN-2009/3 block. Multiple reservoir zones were encountered in the Mesozoic rift formation between the depths of 3351-3944m MDBRT with indications of hydrocarbon during drilling and formation evaluations. Down hole formation tester (MDT) sampled oil and gas from the zones of interest. The zone from 3610-3715m MDBRT flowed gas to surface during well testing. Further appraisal will be required to assess the potential commerciality of this Mesozoic rift discovery.About Vedanta Limited Vedanta Limited is a diversified natural resources company, whose bus [Read more]
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