bashers read the news below nows the time to by shorty
Jubilant Energy NV: JUB shares boosted as further progress witnessed concerning Krishna Godavari basin activities
Details Category: Share Price Drivers Published on Monday, 18 February 2013 11:20 Written by Will Peters
Jubilant Energy Nv (LON:JUB) shares are trading 2.7 pct higher today after JUB Announced that on 15th February 2013, Gujarat State Petroleum Corporation Limited ("GSPC") as Operator of the KG-OSN-2001/3 Block, Krishna Godavari basin, submitted a commerciality analysis report on behalf of the consortium members on the six natural gas discoveries within the block, namely, KG-16 in DDE area, KG-22 in DDN area, KG-21 & KG-31 in DDW-DT area, KG-19 and KG-20SS in DDNE-BRU area to the Directorate General of Hydrocarbons, India.
This submission has been supported by all necessary technical and economic data, evaluation, interpretation and analysis of data and feasibility studies relating to the discoveries and other relevant information. The above discoveries exclude the Dean Dayal West ("DDW") and DDW Extension areas.
Jubilant holds a 10% participating interest in this block through its subsidiary Jubilant Offshore Drilling Private Limited in India. GSPC holds an 80% participating interest and is the operator for the block. GeoGlobal Resources Inc. holds 10%.