Indus Gas Limited

Equities

INDI

GG00B39HF298

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 09:05:03 07/06/2024 pm IST			5-day change	1st Jan Change
12.35 ^GBX	+2.92%		-17.11%	-83.53%

17/05	Indus says share price fall does not reflect long-term value	AN
17/05	Indus Gas Explores Strategic Alternatives	CI

Indus says share price fall does not reflect long-term value

May 18, 2024 at 02:06 am IST

Indus Gas Ltd - oil and gas explorer and developer with assets in India - Notes recent decline in share price, which says is "in no way reflective of the company's underlying long term value." For year to March, expects to report revenue of at least USD42.9 million. Says temporarily, gas production has been reduced on account of maintenance of the turbine. Reversion to normal levels is expected in due course when maintenance is completed. Given the recent share price performance, Indus plans to investigate a range of strategic options, including appointing a "top tier" investment bank to find strategic industry partners who have expertise in helping us unlock our significant gas reserves through fracking.

Current stock price: 13.65 pence, up 22% in London on Friday

12-month change: down 93%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Indus Gas Limited

Indus says share price fall does not reflect long-term value	18/05	AN
Indus Gas Explores Strategic Alternatives	17/05	CI
Hermes Pacific revenue doubles; swings to profit	16/12	AN
Earnings Flash (INDI.L) INDUS GAS Reports H1 EPS $0.07	15/12	MT
Earnings Flash (INDI.L) INDUS GAS Reports H1 Revenue $26.2M	15/12	MT
Indus Gas Limited Reports Earnings Results for the Half Year Ended September 30, 2023	15/12	CI
EARNINGS AND TRADING: Indus Gas full-year profit jumps 19%	03/23/03	AN
Indus Gas Limited Announces Board Changes	29/23/29	CI
Indus Gas Limited Reports Earnings Results for the Full Year Ended March 31, 2023	29/23/29	CI
Indus Gas Limited Announces the Appointment of Nicholas Saul and Elizabeth Powell as Independent Non-Executive Directors of the Company	07/23/07	CI
FTSE 100 Ends for Christmas Up Slightly after Short, Muted Session	23/22/23	DJ
FTSE 100 Trades Flat Ahead of Christmas	23/22/23	DJ
Indus Gas production in line with expectations, as profit remains flat	23/22/23	AN
LONDON BRIEFING: Stocks to start half-day positively despite weak lead	23/22/23	AN
Indus Gas Fiscal H1 Profit Dips on Higher Deferred Tax Provision	23/22/23	MT
Earnings Flash (INDI.L) INDUS GAS Posts Fiscal H1 Revenue $27.4M	23/22/23	MT
Earnings Flash (INDI.L) INDUS GAS Reports Fiscal H1 EPS $0.07	23/22/23	MT
Indus Gas Limited Reports Earnings Results for the Half Year Ended September 30, 2022	23/22/23	CI
Indus Gas Files for Listing of $160 Million Bonds Due 2027	01/22/01	MT
Indus Gas proposes exchange offer for senior unsecured loans	21/22/21	AN
Indus Gas Limited Announces the Appointment of Atiq Anjarwalla as an Independent Non-Executive Director	03/22/03	CI
Earnings Flash (INDI.L) INDUS GAS Posts FY22 EPS $0.19	29/22/29	MT
Earnings Flash (INDI.L) INDUS GAS Reports FY22 Revenue $53.7M	29/22/29	MT
Indus Gas Limited Reports Earnings Results for the Full Year Ended March 31, 2022	29/22/29	CI
Indus Gas Limited Auditor Raises 'Going Concern' Doubt	29/22/29	CI

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Company Profile

Indus Gas Limited is an oil and gas exploration and development company. The Company explores, develops, produces, distributes, and markets hydrocarbons, including natural gas initially in India. The Company is engaged in oil and gas exploration and development in Block RJ-ON/6, Rajasthan, India. It owns about 90% participating interest in the Block (excluding the SGL gas field, in respect of which its participating interest is 63%). The Participative Interest of the Company is held through its wholly owned subsidiaries, such as iServices Investment Limited, and Mauritius and Newbury Oil Company Limited, Cyprus. The on-shore Block RJ-ON/6, operated by an affiliate company, Focus Energy Limited (Focus), which is located in Rajasthan state in western India and covers an area of approximately 4,026 square kilometers. The Block is part of the Indus Basin, which straddles eastern Pakistan and western India. The Company sells its natural gas to GAIL (India) Limited.

Sector

Oil & Gas Exploration and Production

Calendar

27/09/2024 - Q4 2024 Earnings Release (Projected)

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Sector Other Oil & Gas Exploration and Production

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