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HOEC surges on getting nod for ‘Dirok’ hydrocarbon discovery in Assam-Arakan basin

06 Sep 2013 Evaluate

HOEC is currently trading at Rs. 31.70, up by 1.50 points or 4.97% from its previous closing of Rs. 30.20 on the BSE.

The scrip opened at Rs. 31.00 and has touched a high and low of Rs. 31.70 and Rs. 31.00 respectively. So far 10816 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 125.50 on 08-Sep-2012 and a 52 week low of Rs. 22.25 on 30-Jul-2013.

Last one week high and low of the scrip stood at Rs. 30.85 and Rs. 28.55 respectively. The current market cap of the company is Rs. 413.66 crore.

The promoters holding in the company stood at 47.18% while Institutions and Non-Institutions held 10.31% and 42.51% respectively.

Hindustan Oil Exploration Company (HOEC) has received approval from The Ministry of Petroleum and Natural Gas (MoPNG) and Directorate General of Hydrocarbons (DGH) for commerciality of ‘Dirok’ hydrocarbon discovery in Block AAP-ON-94/1 located in Assam-Arakan basin with the mean Gas-Initially-In-Place (GIIP) of 254 BCF. 

Following this approval, Hindustan Oil Exploration Company (HOEC), as the Operator of the Block, is preparing the Field Development Plan for Dirok Discovery with the objective to bring the First Gas to the market in an accelerated manner, subject to timely receipt of various regulatory approvals for the development / production phase.

HOEC has 26.88 % participating interest in the development and production phase of Dirok Discovery. The other Consortium Partners include Oil India (OIL) and Indian Oil Corporation (IOCL).

Hindustan Oil Exploration Company was the first private company in India to enter into field of oil and gas exploration. The company’s operational activities commenced in 1991 with the Government of India announcing the fourth round of exploration bidding for private sector participation.

   

Hind Oil Exploration Share Price

158.75 0.55 (0.35%)
17-Apr-2026 16:59 View Price Chart
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