Gujarat Natural Resources Limited - Operational Update

Gujarat Natural Resources Limited (GNRL) is pleased to announce the completion of its third development well, Kl3, in the Kanawara field. Due to the heavy monsoon, completion of the well was delayed by two months. The well has encountered a 20-meter oil bearing zone between depths of 1684 to 1704 meters. GNRL plans to carry out hydraulic fracturing on this well, aiming to commence commercial production by the first week of October 2025.

Meanwhile, the drilling rig is being mobilized to the fourth well location, with drilling expected to begin in the first week of October 2025. From October onwards, GNRL will operate two drilling rigs-one continuing operations in Kanawara, and the second commencing drilling of a 3000-meter deep well in the company's wholly owned North Kathana field.

Shares of Gujarat Natural Resources Limited was last trading in BSE at Rs. 66.87 as compared to the previous close of Rs. 65.37. The total number of shares traded during the day was 76435 in over 228 trades.

The stock hit an intraday high of Rs. 67.20 and intraday low of 65.00. The net turnover during the day was Rs. 5073104.00.

Source : Equity Bulls

Keywords

GujaratNaturalResources INE207H01018 ExplorationandProduction GNRL OperationalUpdate