Jubilant Energy, the AIM-listed hydrocarbon group, has achieved an important milestone at its Tripura project in India with a 'Declaration of Commerciality' (DoC) having been submitted for the Kathalchari gas discovery.
The company, which owns a 20% interest in Tripura, is now awaiting approval from the Directorate General of Hydrocarbons, after which it will submit a field development plan to the government.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for youConsumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
