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ASSAMCO - Assam India News Story

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Last Trade - 29/10/19

Sector
Consumer Defensives
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £19.3m
Position in Universe th / 3166

BRIEF-Assam Company India gets ownership of Amguri oil field

Mon 27th February, 2017 1:09pm
Feb 27 (Reuters) - Assam Company India Ltd  ASMC.NS  
    * Co declared owner of 60 percent of participating interest 
currently held by India government and thus has now become owner 
of Amguri field 
    * Says production sharing contract period shall be extended 
by 5 years from the original term 
    * Sum of US$3.54 million is granted to co as 
damages/compensation along with interest at 6 percent p.a. 
    * Says cost of arbitral proceedings of INR 12.5 million 
shall also accrue to ACIL 
 
Source text: (http://bit.ly/2l3oDzq) 
Further company coverage:  ASMC.NS  
 
 ((Bangalore.newsroom@thomsonreuters.com;))
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