HOEC decides to plug second exploration well Subhan-1 in Block CY-OSN-97/1

Hindustan Oil Exploration Company Ltd (HOEC) has announced that the second exploration well Subhan-1 in Block CY-OSN-97/1 did not encounter hydrocarbons of commercial interest and it has been decided to plug the well.

The Company has 80% participating interest in the said block.

In BSE, the stock was trading at Rs.70.10, down 1.06% (Rs.0.75) compared to its previous day close of Rs.70.85.

Source : Equity Bulls

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