Reliance makes another commercial discovery at D6

Vol 9, PW 4 (01 Jun 05) News in Brief

Reliance is believed to have made another commercial discovery at KG-DWN-98/3.

Logs from the D6-E1 exploration well are with the DGH, which is expected to give Reliance the green light to announce the discovery shortly. Its not as big as D2 or D3, we learn, but it will be another commercial discovery.

On 16th May, Niko Resources, which holds 10% at KG-DWN-98/3, told the Toronto Stock Exchange that the D6-E1 exploration well has completed drilling and resulted in another discovery. Said Niko: A total of 15 consecutive successful exploration wells have now been drilled in the D6 (KG-DWN-98/3) block.

Will this run of good luck continue Over the next few months Reliance is planning to drill two development wells and another five exploration wells at D6, including one in an area where last year it acquired 3200-sq km 3D. Up to $25m has been set aside to pay for more seismic, facility construction and other infrastructure.