Deep Industries receives Letter of Award from ONGC

Deep Industries Ltd has announced that the Company has obtained Letter of Award for service contract for development of three Onshore Marginal Fields (Ghotaru, Kharatar & Bankia gas fields) in Rajasthan from M/s. Oil & Natural Gas Corporation Ltd:

The details of the Marginal Fields are:

------------------------------------------------------------------------------------------
Sr.	Field Name	Initial Gas		Gas Sharing Pattern	Oil Sharing Pattern
			in Place
			Estimation(in
			million cubic
			meters)
------------------------------------------------------------------------------------------
					Deep		ONGC	Deep		ONGC
					Industries		Industries
					Ltd			Ltd
------------------------------------------------------------------------------------------
1.	Ghotaru		973		66%		34%	40%		60%
2.	Kharatar	298		66%		34%	40%		60%
3.	Bankia		152		66%		34%	40%		60%
------------------------------------------------------------------------------------------
Total			1423
-------------------------------------------------------------------------------------------

Source : Equity Bulls

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