REG - Indus Gas Limited - Corporate and Operational Update

Indus GasAnnouncement

25/06/2024 12:00

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RNS Number : 7953T  Indus Gas Limited  25 June 2024

25 June 2024

Indus Gas Limited

 

("Indus" or the "Company")

 

Corporate and Operational Update

 

We wish to inform that the Production Sharing Contract ("PSC") for Block
RJ-ON/6, which provided for an initial contract period of 25 years, expires on
20 August 2024. The PSC also provides for an extension for a 10 year period
thereafter by mutual agreement with the Government of India for the natural
gas fields.

 

Extension of the PSC for Block RJ-ON/6, for a further period of 10 years from
August 2024, has been applied for and is under consideration by the
Government of India.

 

Further to the Company's 17 May 2024 announcement, it is noted that gas sales
remain at a reduced level due to the ongoing maintenance of ultimate customer
power plant, which is still to be completed.

 

The Company looks forward to updating the market further in the future.

 

 

-ENDS-

For further information please contact:

 

 Indus Gas Limited

 Jonathan Keeling                                                                                                       +44 (0) 20 8133 3375

 Strand Hanson Limited (Nominated & Financial Adviser and Broker)

 Ritchie Balmer, Rory Murphy                                                                                            +44 (0) 20 7409 3494

 

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