SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Shiv-Vani Oil to transfer two oil blocks in subsidiary companies

15 Feb 2012 Evaluate

Shiv-Vani Oil & Gas Exploration Services has received an approval for transferring the company's participation interest in the two oil blocks viz. MZ-ONN-2004/1 and AA-ONN-2004/1 in subsidiary company(ies). The board at its meeting held on February 13, 2012 has approved for the same.

These oil blocks are in joint ventures with Oil India in which the company's participating interest is 15%. The necessary consent of the shareholders, if required, will be obtained in due course through postal ballot.

Shiv-Vani owns the largest fleet of onshore rigs in India and has successfully diversified into other crucial activity areas such as seismic surveying, gas compression services and offshore drilling & logistics.  

Peers
Company Name CMP
ONGC 279.25
Oil India 454.40
Jindal Drilling&Inds 535.85
Deep Industries 457.70
Asian Energy Service 297.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×