Jubilant Energy N.V. Declaration of Commerciality in Tripura (5257U)
December 31 2012 - 2:00AM
UK Regulatory
TIDMJUB
RNS Number : 5257U
Jubilant Energy N.V.
31 December 2012
31 December 2012
Jubilant Energy NV
("Jubilant" or "the Company")
Submission of Declaration of Commerciality in Tripura Block for
Kathalchari Discovery
Jubilant is pleased to announce that on 28(th) December 2012 the
Company submitted a Declaration of Commerciality for the
Kathalchari discovery in the Tripura block to the Directorate
General of Hydrocarbons for approval.
Following receipt of the necessary Government approval of the
Declaration of Commerciality, the operator will submit a field
development plan to the Government.
The above gas discovery was originally made in the Tripura block
in late 2009 with the Phase-I exploration well
Kathalchari-1("KL-1"). The appraisal plan for the Kathalchari
discovery was approved in February 2011, which was followed by the
acquisition, processing and interpretation of 252.5 line kilometres
of 2D seismic data within the appraisal area. In addition to the
discovery well KL-1, two appraisal wells and one Phase-II
exploration well have been drilled to evaluate the discovery.
Jubilant holds a 20% participating interest in this block
through its subsidiary Jubilant Oil & Gas Private Limited,
India, which is also the operator for the block. GAIL India Limited
holds the remaining 80% participating interest.
Enquiries:
Ajay Khandelwal,
Jubilant Energy Vipul Agarwal +91 120 4025700
Katherine Roe, +44 20 7886
Panmure Gordon Adam James 2500
Rajat Katyal, +44 20 7547
Deutsche Bank Drew Price 8000
Matthew Tyler, +44 20 7457
College Hill Alexandra Roper 2020
Competent Person's consent for release
Mr Ramesh Bhatia, Vice President (Exploration), holds a Master's
of Science degree in Applied Petroleum Geology and has over 20
years of experience in the Oil and Gas Exploration, Development and
Production industry. He has reviewed and approved the technical
information contained in this announcement pursuant to the AIM
guidance note for mining and oil and gas companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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