Indus has released its FY 2016 results, disclosing that the long awaited development plan for the entire block (outside the already producing SGL area) was submitted in February. Government approval is pending, but once this is received Indus can proceed with the first phase of development outside the SGL area, targeting an additional 200mmcf/d during 2019. Offtake is to be via a pipeline planned to connect up to the national gas pipeline network, and discussions for this are progressing with
27 Sep 2016
FY 2016 Results
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FY 2016 Results
Indus Gas Limited (INDI:LON) | 49.2 0 (-0.2%) | Mkt Cap: 90.1m
- Published:
27 Sep 2016 -
Author:
Daniel Slater -
Pages:
4
Indus has released its FY 2016 results, disclosing that the long awaited development plan for the entire block (outside the already producing SGL area) was submitted in February. Government approval is pending, but once this is received Indus can proceed with the first phase of development outside the SGL area, targeting an additional 200mmcf/d during 2019. Offtake is to be via a pipeline planned to connect up to the national gas pipeline network, and discussions for this are progressing with