7th Mar 2025 07:00
RNS Number : 7194Z
Indus Gas Limited
07 March 2025
7 March 2025
Indus Gas Limited
("Indus" or the "Company")
Corporate and Operational Update
Indus Gas Limited (AIM:IDNI) announces that it is still awaiting the extension to the Production Sharing Contract ("PSC") for Block RJ-ON/6. Additionally, gas sales to GAIL and associated revenue remain low. Granting an extension to the PSC is expected to facilitate a renewed contract with GAIL.
As previously announced, the Company will seek further funding as and when required from sources that may include shareholders.
-ENDS-
For further information please contact:
Indus Gas Limited |
|
Jonathan Keeling | +44 (0) 7380 425 886 |
Strand Hanson Limited (Nominated & Financial Adviser and Broker) |
|
Ritchie Balmer, Rory Murphy | +44 (0) 20 7409 3494 |
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