VED Vedanta

TIDMVED

RNS Number : 7426A

Vedanta Resources PLC

13 September 2018

13 September 2018

Vedanta Resources plc

Update from Vedanta Limited

KG-OSN-2009/3 Discovery, Krishna-Godavari Basin, India

Vedanta Resources plc's subsidiary, Vedanta Limited today made the below announcement.

____________________________________________________________________

Vedanta Limited has today notified the Management Committee, Ministry of Petroleum and Natural Gas and Directorate General of Hydrocarbons (DGH) of a hydrocarbon Discovery in well A3-2 within its operated block KG-OSN-2009/3 within Krishna-Godavari Basin, East Coast of India. Vedanta Limited holds 100% participating interest in the block.

A3-2 is the first exploration well drilled within the KG-OSN-2009/3 block. Multiple reservoir zones were encountered in the Mesozoic rift formation between the depths of 3351-3944m MDBRT with indications of hydrocarbon during drilling and formation evaluations. Down hole formation tester (MDT) sampled oil and gas from the zones of interest. The zone from 3610-3715m MDBRT flowed gas to surface during well testing. Further appraisal will be required to assess the potential commerciality of this Mesozoic rift discovery.

For further information, please contact:

 
 Communications                          Finsbury 
 Arun Arora                              Daniela Fleischmann 
  Head, Corporate Communications          Tel: +44 20 7251 3801 
  Tel: +91 124 459 3000 
  gc@vedanta.co.in 
 Investors 
 Rashmi Mohanty                          Tel: +44 20 7659 4732 
  Director - Investor Relations           Tel: +91 22 6646 1531 
                                          ir@vedanta.co.in 
 
  Sunila Martis 
  Associate General Manager - Investor 
  Relations 
 
  Veena Sankaran 
  Manager - Investor Relations 
 

About Vedanta Resources

Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources company. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia and South Africa. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. For more information on Vedanta Resources, please visit www.vedantaresources.com

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and/or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCFKNDNPBKDKCD

(END) Dow Jones Newswires

September 13, 2018 11:33 ET (15:33 GMT)

Grafico Azioni Vedanta (LSE:VED)
Storico
Da Apr 2024 a Mag 2024

Grafico Azioni Vedanta (LSE:VED)
Storico
Da Mag 2023 a Mag 2024