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Showing posts with label KG D6 block. Show all posts
Showing posts with label KG D6 block. Show all posts

Saturday, 25 May 2013

RIL finds gas in KG basin



  •  Reliance Industries announced of a huge natural gas discovery. 
  • This is the company's biggest find ever in KG-D6 block.
  •  "RIL finds 155 metres of gas pay zone in the first exploration well drilled on the block in more than five years," .
  • After the gas price increased this is the first announcement by RIL.
  • Don't jump and buy the stock as there could be more details need  before this could get realised.
  • Also we believe that the political parties could find this fishy as this announcement is done after the  Gas price increase