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On 07 March 2025, Indus Gas Limited announced it is awaiting the extension to the Production Sharing Contract for Block RJ-ON/6. The company reported that gas sales to GAIL and associated revenue remain low, and it will seek further funding as required, with sources potentially including shareholders.
| Date | 7 Mar 2025 |
| Time | 07:00:05 |
| Category | Corporate updates |
| ID | 7194Z |
7 March 2025
Indus Gas Limited
("Indus" or the "Company")
Corporate and Operational Update
Indus Gas Limited (AIM:IDNI) announces that it is still awaiting the extension to the Production Sharing Contract ("PSC") for Block RJ-ON/6. Additionally, gas sales to GAIL and associated revenue remain low. Granting an extension to the PSC is expected to facilitate a renewed contract with GAIL.
As previously announced, the Company will seek further funding as and when required from sources that may include shareholders.
-ENDS-
For further information please contact:
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Indus Gas Limited
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Jonathan Keeling
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+44 (0) 7380 425 886 |
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Strand Hanson Limited (Nominated & Financial Adviser and Broker)
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Ritchie Balmer, Rory Murphy
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+44 (0) 20 7409 3494 |