Cairn India, ONGC rise after striking oil & gas in KG block - India Infoline.com

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The stock hit a high of Rs 353.30 and a low of Rs 345.90 so far during the day. The stock had hit a record high of Rs 368 on 16 August 2010 and a 52-week low of Rs 245 on 24 August 2009.

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Cairn India, in which London-based Vedanta Resources recently agreed to pick up a majority stake, has informed the Indian regulator Directorate General of Hydrocarbons (DGH) about the discovery, Cairn India said in a statement. The discovery was made at the Nagayalanka-1z well in the KG-ONN-2003/1 block, which is operated by Cairn with an a 49% participating interest. State-run explorer Oil and Natural Gas Corporation (ONGC) holds a majority 51% in this block. Shares of ONGC were up 0.29% at Rs Rs 1286.60.

Cairn India, ONGC rise after striking oil & gas in KG block - India Infoline.com

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This page contains a single entry by Viraj published on August 24, 2010 4:06 PM.

Cairn India discovers oil & gas reserve in KG basin - Economic Times was the previous entry in this blog.

Oil or gas found off Greenland - CBC.ca is the next entry in this blog.

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