Jubilant Energy begins production of Kharsang Field well

Jubilant Energy's shares rose in Monday morning trading after the company announced it kicked off production at its KSG66 oil well in the Kharsang Field, Arunachal Pradesh.

Jubilant Energy's shares rose in Monday morning trading after the company announced it kicked off production at its KSG66 oil well in the Kharsang Field, Arunachal Pradesh.

The well has been put into production at an initial gross rate of 81 barrels of oil per day (bopd).

Subscribe to MoneyWeek

Become a smarter, better informed investor with MoneyWeek.

It is the second of six development wells part of the Phase III Extension drilling campaign in the north-western part of the Kharsang Field.

The well successfully tested for oil after drilling to a target depth of 1,128 meters measured depth.

Advertisement
Advertisement - Article continues below

Jubilant owns a 25% interest in the prospect with operator GeoEnpro Petroleum, Oil India and GeoPetrol.

Shares climbed 1.82% to 14p at 10:59 Monday.

RD

Advertisement

Recommended

Visit/investments/investment-strategy/600861/how-demographics-affects-stock-valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Visit/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Visit/investments/stockmarkets/600634/why-investors-should-be-cautiously-bullish-for-2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020
Visit/investments/stocks-and-shares/share-tips/600636/class-acts-going-cheap-buy-into-europes-best
Share tips

Class acts going cheap: buy into Europe’s best bargains

Value investing appears to be making a comeback, while shares on this side of the Atlantic are more appealing on metrics such as price/earnings ratios…
16 Jan 2020

Most Popular

Visit/investments/commodities/gold/600998/extraordinary-times-buy-gold-buy-silver
Gold

Extraordinary times create extraordinary opportunities – these assets look cheap

With the stage set for some monumental fiscal stimulus, this is most definitely a time to own some gold. And if you’re bold enough, says Dominic Frisb…
18 Mar 2020
Visit/investments/bonds/government-bonds/601026/corona-crisis-will-end-bond-bull-market
Government bonds

The corona crisis will mark the end of the longest-running trend in markets

With politicians and central bankers enthusiastically embracing money printing and a recession almost certainly not too far off, the slide in bond yie…
20 Mar 2020
Visit/currencies/601015/the-us-dollar-standard-is-now-suffocating-the-global-economy
Currencies

How the US dollar standard is now suffocating the global economy

In times of crisis, everyone wants cash. But not just any cash – they want the US dollar. John Stepek explains why the rush for dollars is putting a b…
19 Mar 2020
Visit/517625/tr-european-growth-trust-why-investors-shouldnt-overlook-europe
Sponsored

Why investors shouldn’t overlook Europe

SPONSORED CONTENT - Ollie Beckett, manager of the TR European Growth Trust, tackles investor questions around Europe’s economic outlook and the conseq…
6 Nov 2019