FII AND DII
(28.6.2010)
FII
sell 1426.76
Net 792.79
DII
Buy 1416.11
sell 1510.99
Net -94.88
Reliance Industries Discovers Another Oil Well In Cambay Basin
10:22 AM // 0 comments // RAVIKUMAR // Category: 28.06.2010 //
Reliance Industries Limited (RIL) has today announced its discovery of another oil well in Cambay basin.
The company said it had informed the government and the directorate general of hydrocarbons about the discovery, named Dhirubhai-50. The discovery is said to be more significant as it is expected to open more oil pool areas, leading to better hydrocarbon potential within the block.
The site in Cambay basin is located at 130 km from Ahmedabad, Gujarat.
"The potential commercial interest of the discovery is being ascertained through additional data gathering and analysis," the company said in a statement to the Bombay Stock Exchange (BSE).
It is being reported that the well flowed about 410 barrels of oil per day and the company has 100 percent interest in the block.
After the news, the scrip of RIL was trading at Rs. 1,081.80 which was up by 1.74 percent on the Bombay Stock Exchange (BSE).
