Jubilant Energy, an India focused oil and gas company, has successfully tested and put on production KPL-B, the last well of the seven well Phase-III development drilling campaign in the oil producing Kharsang Field, Arunachal Pradesh, at an initial gross rate of 226 barrels of oil per day (bopd).
In addition, another interval between 1,529 meters to 1,532 meters has also been tested and produced gas with flowing tubing head pressure at 425 pounds per square inch through a 7mm choke.
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
The share price rose 8.11% to 20p by 08:46.
NR
-
Reeves ‘looks at minimum UK shareholding' in ISA reformOn top of a rumoured £10,000 cash ISA limit, chancellor Rachel Reeves is reportedly considering adding a minimum UK shareholding requirement to the stocks and shares ISA
-
Rightmove: Asking prices rise by 0.3%, but increase is lower than typical for OctoberOctober saw asking prices grow by £1,165 on average, Rightmove says, but the increase is far below the usual autumn bump as the property market braces for next month’s Budget.
