i Develop Stocks Advisory: ONGC made 28 oil & gas discoveries in 2008-09

Tuesday, June 23, 2009

ONGC made 28 oil & gas discoveries in 2008-09

State-run Oil and Natural Gas Corp (ONGC) today said it has made 28 oil and gas discoveries, including in the prolific Krishna Godavari basin, in the last fiscal but did not put reserve number to the findings.

The 28 discoveries include Charada structure and Matar field in Cambay basin (Gujarat) and YSAF in KG basin (off Andhra Pradesh coast), the company said in a statement here.

The discoveries made in FY'09 have been notified to the Directorate General of Hydrocarbons (DGH).

ONGC, however, denied reports that the KG basin find may contain estimated reserves of 10 Trillion cubic feet (Tcf) of gas. "Based on single well, size of any discovery cannot be estimated. The initial flow rates do not indicate reserves anywhere near 10 Tcf."

The company said the three discoveries had certainly opened up new areas for exploration in Cambay onshore and KG offshore basins. "Further, study and delineation drilling would be required to estimate the size of these discoveries," the statement added.

No comments:

Economic Event Calendar

GMT+5:30	Event	Vol.	Actual	Consensus	Previous
Thursday, Apr 10
18:00	Continuing Jobless Claims	1	1.850M	1.880M	1.893M	Revised from 1.903M
18:00	Initial Jobless Claims	2	223K	223K	219K
18:00	Initial Jobless Claims 4-week average	1	223K		223K
18:00	Building Permits (MoM)	1	2.9%	-0.8%	-4.3%	Revised from -3.2%
18:30	BoE's Breeden speech	2
19:00	Fed's Logan speech	2
19:30	Fed's Bowman speech	2
20:00	EIA Natural Gas Storage Change	1		60B	29B
21:00	4-Week Bill Auction	1			4.24%
21:30	Fed's Goolsbee speech	2

Economic Calendar >> Add to your site

MF News & NAV

Latest NAV

AIG Global Investment Group Mutual Fund

Axis Mutual Fund

Baroda Pioneer Mutual Fund

Benchmark Mutual Fund

Bharti AXA Mutual Fund

Birla Sun Life Mutual Fund

BOI

Canara Robeco Mutual Fund

Deutsche Mutual Fund

DSP BlackRock Mutual Fund

Edelweiss Mutual Fund

Escorts Mutual Fund

Fidelity Mutual Fund

Fortis Mutual Fund

Franklin Templeton Mutual Fund

Goldman

HDFC Mutual Fund

HSBC Mutual Fund

ICICI Prudential Mutual Fund

JM Financial Mutual Fund

JPMorgan Mutual Fund

Kotak Mahindra Mutual Fund

L&T

LIC Mutual Fund

Mirae Asset Mutual Fund

Morgan Stanley Mutual Fund

Motilal Oswal Mutual Fund

Peerless Mutual Fund

PineBridge

Plan

Pramerica Mutual Fund

PRINCIPAL Mutual Fund

Sundaram BNP Paribas Mutual Fund

Tata Mutual Fund

Taurus Mutual Fund

UTI Mutual Fund

Latest MF News

Equity Mutual Funds: Stock markets rally fails to stop retail investors' exit
The number of retail equity folios fell to 2.73 crore as on March 31 from 2.92 crore on September 30, according to Crisil.
Date : Tue, 06 May 2014 20:31:51
Source : The Economic Times

Things to know about redeeming demat units
Mutual fund investors have the option of holding their units in the demat form. This can be achieved by indicating this option and quoting the demat details in the application form.
Date : Mon, 05 May 2014 02:31:07
Source : The Economic Times

Should you invest in emerging businesses?
The argument of investing in small companies is also compelling because they can grow at a good clip and become multi-baggers with their share prices rocketing.
Date : Mon, 05 May 2014 02:30:43
Source : The Economic Times

How to handle and organise SIP investments in mutual funds
The SIPs are not investments, just a way to invest in mutual fund schemes. These investments are in the underlying schemes, which are portfolios of shares, bonds and other securities.
Date : Mon, 05 May 2014 02:30:08
Source : The Economic Times

Deutsche MF India launches new fixed maturity plans
While subscription to the new fund offer of DWS FMP- Series 68 begins from May 2 till May 12, it would be May 9 till May 19 for Series-69, the company said.
Date : Fri, 02 May 2014 11:19:36
Source : The Economic Times

Mutual Funds industry gears up to comply with FATCA
Indians residing in the US may find it difficult to invest in products offered by the $9-trillion Indian mutual fund industry from July 1.
Date : Thu, 01 May 2014 12:09:39
Source : The Economic Times

SRO for mutual fund distributors runs into rough weather
IMFI was granted in-principle approval by Sebi, a decision that's been challenged by FPSF before the Securities Appellate Tribunal.
Date : Thu, 01 May 2014 08:05:03
Source : The Economic Times

Dividend yield mutual funds may prove to be a good investment option now
Experts feel that dividend yield MFs, managed via dividend yield strategy, are likely to stage a strong performance for the investors looking for value.
Date : Thu, 01 May 2014 00:37:31
Source : The Economic Times

NPS funds for government workers gave worst ever returns in 2013-14
The Central government schemes of the NPS gave average SIP returns of 5.37% while state government employees had to be content with 4.96%.
Date : Tue, 29 Apr 2014 07:29:31
Source : The Economic Times

NPS gave worst returns for government workers in 2013-14
The Central government schemes of the NPS gave average SIP returns of 5.37% while state government employees had to be content with 4.96%.
Date : Tue, 29 Apr 2014 07:29:31
Source : The Economic Times

Mutual Fund industry lost 33 lakh investor accounts in FY'14
MF sector, which held 4.75 crore folios at the end of financial year 2008-09, saw an increase of 3.66 lakh new investors account to 4.8 crore in 2009-10.
Date : Mon, 28 Apr 2014 11:22:20
Source : The Economic Times

Five things to know about signature mismatch at redemption
In case of signature mismatch, the investor needs to submit the new signature with attestation from the bank in a specific format.
Date : Mon, 28 Apr 2014 02:30:54
Source : The Economic Times

Why you should hold on to turnaround mutual funds
The top-notch funds weathered the storm by sticking to fundamentals and are back in the reckoning.
Date : Mon, 28 Apr 2014 02:30:53
Source : The Economic Times

Should you invest in dividend yield funds?
A manager of a dividend yield fund invests between 65% and 80% of his corpus in stocks that have a dividend yield higher than the average dividend yield of the market.
Date : Mon, 28 Apr 2014 02:30:02
Source : The Economic Times

Infrastructure sector on a surge, staying diversified is the key
Regardless of whether ‘achhe din’ are about to hit the infrastructure sector, investors should stick to diversified funds, as it is always a better option.
Date : Sun, 27 Apr 2014 22:30:00
Source : The Economic Times

MFs disclose AUM disclosure from group firms; Birla MF on top
MFs disclose AUM disclosure from group firms; Birla MF on topThe fund houses have disclosed the exact amount of investments by their group companies in their respective schemes following a Sebi's direction.
Date : Sun, 27 Apr 2014 07:18:01
Source : The Economic Times

SAT allows appeal against Sebi order for MF distributors
The SRO will assist Sebi and AMFI in regulating fund distributors and ensuring a cordial relationship with mutual fund houses.
Date : Wed, 23 Apr 2014 15:00:37
Source : The Economic Times

Birla Sun Life Mutual Fund to launch Birla Sun Life Emerging Leaders Fund - Series 1
Birla Sun Life Mutual Fund, is planning to launch a new scheme 'Birla Sun Life Emerging Leaders Fund - Series 1', a 3-year close-ended equity scheme.
Date : Wed, 23 Apr 2014 14:03:35
Source : The Economic Times

SAT to hear appeal against Sebi order for mutual fund distributors on Wednesday
The decision to set up an SRO followed concerns about MF distributors not being regulated and rising complaints against them for mis-selling products.
Date : Tue, 22 Apr 2014 15:01:48
Source : The Economic Times

SAT to hear appeal against Sebi order for mutual fund distributors on Wednesday
The decision to set up an SRO followed concerns about MF distributors not being regulated and rising complaints against them for mis-selling products.
Date : Tue, 22 Apr 2014 15:01:48
Source : The Economic Times

Franklin Templeton India MF to launch fund of funds scheme
As per the fund house, the new scheme will invest in Luxembourg domiciled Franklin European Growth Fund, which primarily invests in businesses in Europe.
Date : Tue, 22 Apr 2014 12:33:42
Source : The Economic Times

Mutual Funds' exposure to IT stocks falls to Rs 24,315 crore in March
According to latest data available with market regulator Sebi, investment by the mutual fund industry in software stocks stood at Rs 24,315 crore as on March 31.
Date : Tue, 22 Apr 2014 10:05:51
Source : The Economic Times

Invest in FMCG funds with medium to long term perspective
FMCG funds have been laggards in the last six months, with an average return of 5.32 per cent against 12.13 per cent offered by CNX Nifty.
Date : Mon, 21 Apr 2014 22:54:10
Source : The Economic Times

Global fund of funds a good investment for diversification; fetches steady returns
The global fund of funds, a fund that invests in overseas markets, is a category that has generated considerable interest from MF houses in recent months.
Date : Mon, 21 Apr 2014 22:30:36
Source : The Economic Times

SBI Mutual Fund launches new scheme
SBI Mutual Fund launched a new scheme which targets HNIs and investors with medium risk profile.
Date : Mon, 21 Apr 2014 16:07:22
Source : The Economic Times

Translate

Tuesday, June 23, 2009

ONGC made 28 oil & gas discoveries in 2008-09

No comments:

Economic Event Calendar

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

Industry Research Reports

INR Fx Rate

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener

Company Research Reports

Copyright

Total Pageviews

Blog Archive

London Tube Map

London Journey Planner