HOEC India exploration well dry

Oct. 19, 2006
The Vinayaka-1 exploration well in block CY-OSN-97/1 offshore India was P&A'd by Hindustan Oil Exploration Co.

Offshore staff

GUJARAT, India -- The Vinayaka-1 exploration well in block CY-OSN-97/1 offshore India found no production and was P&A'd by Hindustan Oil Exploration Co.

TheAlban 7 rig which drilled the hole will move to PY-1 gas field to begin development drilling.

HOEC has an 80% interest in the block with Mosbacher India Ltd. holding the remaining 20%.

10-19-06