Commercial production commences in Assam Company´s Amguri Oil block

Assam Company Ltd has announced that the Company holds 40% participating interest in the Amguri Oil and Gas Block in the State of Assam along with Canoro Resources Ltd (CRL) of Canada the ´Operator´ who holds the balance 60% participating interest.

The Company while surfing the website of Canoro Resources Ltd, noticed that in the respect of the said Amguri Block CRL has declared commencement of Commercial Production effective April 01, 2006.

Further the Company has informed that, although it is the onus of CRL being the ´Operator´ to inform the Company of this development, since it has come to the Company´s notice, consequent upon the declaration of CRL, the Company hereby announces that Commercial Production has commenced effective April 01, 2006 in respect of the said Amguri Oil and Gas Block in the State of Assam.

Source : Equity Bulls

Keywords