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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Gas Strike - Sri Lanka makes second gas strike

Gas Strike - Sri Lanka makes second gas strike

4 posters

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sriranga

sriranga
Co-Admin

Sri Lanka makes second gas strike
Nov 14, 2011 (LBO) - Cairn Lanka, a unit of India's Cairn Energy has made a second gas strike off the northeastern coast of Sri Lanka, a government statement said.

The presidents office said in a statement that the state petroleum exploration office has been informed by Cairn of the find. It was 38 kilometers away from the first strike.
Its first well, CLPL-Dorado-91H/1z found a 25 meter hydrocarbon deposit at a depth of 3,000 meters.

On October 04, Cairn Lanka had begun work on CLPL-Barracuda-1G/1, a second well.


Evidence of gas deposits has been found in both wells drilled so far, bu the firm had said further drilling is needed to find its commercial development.
http://www.lbo.lk/fullstory.php?nid=2132564674



Last edited by sriranga on Mon Nov 14, 2011 3:55 pm; edited 1 time in total (Reason for editing : Header of the poster was edited to give more clear message.)

http://sharemarket-srilanka.blogspot.co.uk/

amilaela

amilaela
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

thanks for info..

https://www.facebook.com/profile.php?id=100001851586843

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

I thought gas companies are going to strike Embarassed Embarassed Embarassed

Sasanka De Silva

Sasanka De Silva
Manager - Equity Analytics
Manager - Equity Analytics

How Russians found oil in Pesale not long ago is still afresh in many minds. Very Happy

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