FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post
STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post




Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer

Latest topics

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Hope123 Today at 5:22 am

» Losing GSP+: Petty political revenge or Sri Lanka's economy?
by soileconomy Today at 5:09 am

» A penny share that might work out in near future
by madukp Today at 3:48 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by Hairoos Yesterday at 10:06 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 9:06 pm

» PANASIAN POWER PLC (PAP.N0000)
by Good bad Yesterday at 8:29 pm

» Directors' Dealings 14/06/2021
by SAGA Yesterday at 6:59 pm

» TOP 10 Dividend Stocks
by lakmin Yesterday at 5:56 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Captain Yesterday at 5:37 pm

» Top Foreign Trading today - 14/06/2021
by SAGA Yesterday at 5:19 pm

» LANKA IOC PLC (LIOC.N0000)
by Pradeep90 Yesterday at 3:37 pm

» HATTON NATIONAL BANK PLC
by Eranx Yesterday at 12:24 pm

» ජිනීවා චන්දෙන් පසු හෙට මොකක් වෙයි ද ?
by samaritan Yesterday at 12:22 pm

» BUKI price comeing down
by Zahara khan Yesterday at 10:36 am

» B P P L HOLDINGS PLC (BPPL.N0000)
by arunaupendra Yesterday at 9:21 am

» Understanding inflation and share prices.
by dayandacool Yesterday at 6:53 am

» Stocks rose across Asian Markets after China & US agree to push forward trade, investment ties
by Wickyz Yesterday at 1:51 am

» Adani's entry followed by Indian CEOs discussion with Minister ANC
by Wickyz Yesterday at 1:30 am

» E B CREASY & COMPANY PLC (EBCR.N0000)
by Saman12 Yesterday at 12:08 am

» CEYLON TEA BROKERS PLC (CTBL.N0000)
by SAGA Sun Jun 13, 2021 2:19 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute


Submit Post

CHRONICLE ANALYTICS
All Share Index (ASI), S&P, Milanka Price Index (MPI), Moving Averages and all other analytical graphs and charts

Contribute

Twitter Feeds

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Indian oil explorer abandons a well in Sri Lanka

Indian oil explorer abandons a well in Sri Lanka

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Cairn Lanka abondons a well
Cairn Lanka, a unit of Cairn India Limited says, it has abandoned the drilling activities in one of the wells in the Gulf of Mannar Basin, as it has not found oil or gas in the respective well.

In a statement issued the firm said, “The well encountered multiple thick high quality reservoir sands, which were not hydrocarbon bearing”.

Accordingly, the Oil Explorer has plugged and abandoned the well and announced that the rig is also being demobilized.

This has been notified to Sri Lanka’s Petroleum Resource Development Secretariat.

The latest announcement from Cairn comes as the Island nation is gearing up to start its second petroleum licensing round early this month,

Sri Lanka is planning to hold three roads shows in global cities such as Houston, London and Singapore to attract potential bidders to award the remaining oil blocks.
http://www.news360.lk/business-finance/news-sri-lanka-indian-01-03-2013-oil-explorer-abandons-a-well-in-sri-lanka-977651

Hanoifortune

Hanoifortune
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
No Oil
No developments
No devolution
No peace dividend

So, How to win the next election in 2014/2015?

answer-msicar eticni

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Sri Lanka Cairn draws blank on fourth well

Mar 01, 2013 (LBO) - Cairn Lanka (Pvt) Ltd has not found any oil in its fourth exploration well, its parent company said in a stock exchange filing.

Cairn India said the well found "thick high quality re servoir sands, which were not hydrocarbon bearing," and it was plugged and abandoned.
The data from the well and another two wells where petroleum was found will be used to fully understand the potential of the block, the firm said.

Analysis of data is expected to take at least until the first quarter of next year, according to earlier statements.

4Indian oil explorer abandons a well in Sri Lanka Empty No trace of hydrocarbons Sat Mar 02, 2013 12:01 am

sriranga

sriranga
Co-Admin
Cairn Lanka’s fourth oil exploratory well in Mannar Basin finds…

Cairn India earlier this week said the fourth oil exploratory well on Sri Lanka’s side of the Mannar Basin did not contain hydrocarbon deposits.

"Pursuant to the conduct of phase 2 exploration in Sri Lanka, Cairn Lanka Pvt Ltd, a wholly owned subsidiary of Cairn India Ltd, acquired 600sqkm of 3D seismic in Block SL 2007-01-001 in early 2012 and spud its fourth exploration well in the block on 2 February, 2013.The well encountered multiple thick high quality reservoir sands, which were not hydrocarbon bearing.

The data from this well along with the results of the prior two discoveries are being integrated to fully understand the future block potential. The well was plugged and abandoned and the rig is being demobilized. The Petroleum Resource Development Secretariat (PRDS) of Sri Lanka is being notified," Cairn India said in a statement on Thursday (28).

The Mannar Basin hosts potential discoveries which were made by Cairn Lanka Private Limited in 2011. The first well (CLPL-Dorado-91H/1z) found gas condensate in Cretaceous aged sandstones. The second well (CLPL-Barracuda-1G/1) made a separate gas condensate discovery. A third well discovered a dry hole.

Cairn Lanka won the country’s first oil exploratory licence in 2007.

The government is opening a second round of licensing with a road show in the US on March 7.

Thirteen blocks have been designated in the Sri Lankan sectors of the Cauvery and Mannar Basins, located to the north and west of Sri Lanka, respectively. A further six ‘Joint Study Blocks’ have been designated in the unexplored, largely deep water areas to the east and south of Sri Lanka. The number of blocks to be offered in the Second Licensing Round will be located in the Cauvery and Mannar Basins and will be announced shortly, the government announced last month.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=73710

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

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum