Operational update of drilling campaign by GNRL & its Subsidiary

Gujarat Natural Resources Ltd (GNRL) along with GNRL Oil & Gas Limited (GOGL) has commenced its 7 well drilling campaign with drilling of K#12 in Kanawara field targeting development object of EPIV oil reservoir and exploration target in younger Cambay shale section.

GNRL is pleased to inform that in K#l2 it has been successful in achieving both of its objectives. The K12 well encountered 20 mtrs of oil layer in EPIV section from 1647 to 1676 mtrs and encountered a new layer of wet gas in younger Cambay Shale section from 1726 to 1740 mtrs depth.

The younger Cambay shale section was perforated on 29th April 2025 at 1731 to 1737 mtrs depth resulting in discovery of wet gas. During initial testing the zone was producing @18000 scmd of gas with 5m3 per day oil condensate. GNRL has planned a extended testing of this layer over next 15 days. This new discovery's areal extent is estimated to be 1.6 square kilometer with inplace Gas reserves of 40 MM cubic meters.

In this month GNRL has enaged 2 drilling rigs to drill simulataneously to compete another 3 wells in Kanawara and one well in North Kathana field over the next few months.

The Company is an established upstream oil and gas operator for 5 small development fields in prolific Cambay Basin.

Shares of Gujarat Natural Resources Limited was last trading in BSE at Rs. 49.21 as compared to the previous close of Rs. 46.88. The total number of shares traded during the day was 810750 in over 1272 trades.

The stock hit an intraday high of Rs. 49.22 and intraday low of 45.90. The net turnover during the day was Rs. 38676854.00.

Source : Equity Bulls

Keywords

GujaratNaturalResources INE207H01018 GNRLOilandGas DrillingCampaign K12 KanawaraField