ONGC hands over Deep Industries three Marginal Gas fields in Rajasthan

Deep Industries Ltd has announced that Oil and Natural Gas Corporation Ltd (ONGC), has handed over the three Onshore Marginal Fields (Ghotaru, Kharatar & Bankia Gas fields) in Rajasthan to the Company as on September 10, 2007.

The details of the Marginal Fields are:

------------------------------------------------------------------------------------------
Sr.	Field Name	Initial Gas	Gas Sharing Pattern	Oil Sharing Pattern
			in Place
			Estimation(in
			million cubic
			meters)
------------------------------------------------------------------------------------------
					Deep		ONGC	Deep		ONGC
					Industries		Industries
					Ltd			Ltd
------------------------------------------------------------------------------------------
1.	Ghotaru		973		66%		34%	40%		60%
2.	Kharatar	298		66%		34%	40%		60%
3.	Bankia		152		66%		34%	40%		60%
------------------------------------------------------------------------------------------
Total			1423
------------------------------------------------------------------------------------------

Deep Industries Ltd stock closed the day at Rs.109.50, up by Rs.7.10 or 6.93%. The stock hit an intraday high of Rs.112.60 and low of Rs.102.50. The total traded quantity was 1980964 compared to 2 week average of 488367.

Source : Equity Bulls

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