SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ONGC notifies two new discoveries

05 Dec 2011 Evaluate

Oil and Natural Gas Corporation, India's largest oil exploration company, had notified two new discoveries to the Directorate General of Hydrocarbons (DGH) taking the total number of discoveries this year to 11. The well B-127E-1 was taken up for drilling with the objective of exploring the potential of sands within Panna Formation to the east of B-127 area and the well was drilled down to 2,735 m. Hydrocarbons shows were encountered during drilling of Panna section in various intervals. The testing result of the well has opened the eastern part of B-127 area for further exploration and delineation. Positive testing results of the other objects would also help in incremental value creation for the planned B-127-B-55 cluster.

ONGC Share Price

279.25 -4.70 (-1.66%)
08-May-2026 16:59 View Price Chart
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:

×