India Infoline News Service / 10:03 , Jan 27, 2011
The shares of ONGC are currently trading at Rs 1,133 up marginally. It opened at the day's high of Rs 1,145 and went on to touch a day's low of 1,129.
Oil and Natural Gas Corporation (ONGC) has reportedly found shale gas indication from the shale gas pilot R&D project in West Bengal.
According to reports, ONGC got shale gas indication from the first well they had drilled. However, the Company did not reveal any further details, as tests were not yet over.
If the results of the first well comes prosperous then three more wells would be drilled. ONGC engineers and technical staff had started first shale gas well exploration in the state from September 2010, adds report.
The shares of ONGC are currently trading at Rs 1,133 up marginally. It opened at the day's high of Rs 1,145 and went on to touch a day's low of 1,129.
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