Announcement under Reg 30 (LODR)-Operational Update of Drilling Campaign by the Company & its Subsidiary_12.11.2025
GNRL · price
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Gujarat Natural Resources Limited (GNRL) and its step-down subsidiary GNRL Oil & Gas Limited have successfully completed their fourth well, K#17, in the Kanawara Field on November 11, 2025. The appraisal-cum-development well was drilled to test a new fault block where no prior wells existed. The well encountered a 24-meter hydrocarbon zone and confirmed the presence of producible hydrocarbons. This is the fourth well in an ongoing drilling campaign being pursued by the company.
This is a positive development for shareholders as it confirms producible hydrocarbons in a previously untested fault block, which is expected to enhance GNRL's oil and gas reserves base and potentially boost future production and revenue, though actual financial impact will depend on commercial viability and production rate.