18th Aug 2009 07:00
Indus Gas Limited
("Indus" or "the Company")
Eastern Promise Drilling Results
Indus Gas Limited (AIM: INDI.L), an oil and gas exploration and development company with assets in India, is pleased to announce that while drilling a new well, Eastern Promise-1 [16.8km south of SGL-1], Focus Energy Ltd., the Operator, intersected a gas bearing interval at a depth of around 3,175 to 3,183 meters in the Early Cretaceous Pariwar formation. During initial testing of the zone, gas flared continuously for 4 hours. The Company intends to do further drilling and testing in this well.
In accordance with AIM Guidelines, Paul Fink, Technical Consultant, a Geophysicist who holds an engineering degree from the Mining University of Leoben, Austria and has 18 years of industry experience is the qualified person that has reviewed the technical information contained in this press release.
For Further Information:
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Indus Gas Limited |
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John Scott |
CFO |
+44 (0)20 7877 0022 |
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Arden Partners plc |
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Richard Day |
+44 (0)20 7398 1600 |
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Adrian Trimmings |
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Pelham PR |
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Philip Dennis |
+44 (0)20 7337 1516 |
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