Operational Update of Drilling Campaign by the Company and its subsidiary_As attached
GNRL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gujarat Natural Resources Limited (GNRL) has successfully completed its third well, K#13, in the Kanawara field, which has been brought into commercial production. This is expected to boost overall production from the Kanawara field by 70-100 barrels of oil per day (BOPD). Drilling of the fourth well, K#17, is currently underway at a depth of 1,000 meters (target depth 1,700 meters) and is expected to begin commercial production by the first week of November 2025. The drilling of K#13 faced some delays due to the extended monsoon season. The update was issued by Managing Director Shalin Shah on October 27, 2025.
The addition of a new producing well and the near-term commissioning of K#17 should gradually raise GNRL's daily oil output and support top-line growth. For shareholders, this is a positive operational milestone, though the scale of increase (70-100 BOPD) is modest, so expect only a limited near-term impact on stock price.