Indus has released its FY 2017 results, which are in-line with our forecasts when all revenues are included, and show continued cash flow generation. Importantly, the results also report government approval of the development plan for the 2,000sq km area of the RJ-ON/6 block outside the additional producing SGL area, progression of discussions for a pipeline connection to the Indian pipeline network, and approval of the plan to take existing SGL production up to 90mmcf/d. Existing production
29 Sep 2017
FY 2017 results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY 2017 results
Indus Gas Limited (INDI:LON) | 49.2 0 0.0% | Mkt Cap: 90.1m
- Published:
29 Sep 2017 -
Author:
Tim Dainton -
Pages:
3
Indus has released its FY 2017 results, which are in-line with our forecasts when all revenues are included, and show continued cash flow generation. Importantly, the results also report government approval of the development plan for the 2,000sq km area of the RJ-ON/6 block outside the additional producing SGL area, progression of discussions for a pipeline connection to the Indian pipeline network, and approval of the plan to take existing SGL production up to 90mmcf/d. Existing production