Drilling Operations Update
- After monsoon-related pause, GNRL is recommencing aggressive development and appraisal drilling programme
- 2 drilling rigs to be deployed in different locations for simultaneous drilling operations
- Target completion date: before year ending March 31, 2027
Pre-Monsoon Drilling Results
- Drilled 5 wells during pre-monsoon campaign (4 development wells, 1 appraisal well)
- All 4 development wells are currently producing oil and gas
- Appraisal well located in North Kathana confirmed presence of substantial oil and gas reserves in multiple formations: EPIV, Cambay Shale, and Olpad formations
- Testing and evaluation of each prospective layer is currently in progress
Future Development Plans
- Based on appraisal well results, further development wells are being planned in North Kathana area
Expansion Initiatives
- GNRL pursuing new exploration and producing assets in India and abroad
- Company has forged alliances with strategic partners
- Several acquisition opportunities in advanced stage of negotiation
Corporate Focus
Company remains focused on advancing exploration and development programme and creating long-term value for stakeholders.
Financial Impact
Financial impact not quantified in the disclosure.