Indus Gas Limited Corporate and Operational Update
June 25 2024 - 6:00AM
RNS Regulatory News
RNS Number : 7953T
Indus Gas Limited
25 June 2024
25 June 2024
Indus Gas
Limited
("Indus"
or the "Company")
Corporate and Operational
Update
We wish to inform that the
Production Sharing Contract ("PSC") for Block RJ-ON/6, which
provided for an initial contract period of 25 years, expires on 20
August 2024. The PSC also provides for an extension for a 10 year
period thereafter by mutual agreement with the Government of India
for the natural gas fields.
Extension of the PSC for Block
RJ-ON/6, for a further period of 10 years from August
2024, has been applied for and is under consideration by the
Government of India.
Further to the Company's 17 May 2024
announcement, it is noted that gas sales remain at a reduced level
due to the ongoing maintenance of ultimate customer power plant,
which is still to be completed.
The Company looks forward to updating
the market further in the future.
-ENDS-
For
further information please contact:
|
Indus Gas Limited
|
|
|
Jonathan Keeling
|
+44 (0) 20 8133 3375
|
|
Strand Hanson Limited (Nominated & Financial Adviser and
Broker)
|
|
|
Ritchie Balmer, Rory
Murphy
|
+44 (0) 20 7409 3494
|
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