SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Gujarat Natural Resources’ arm to drill third well by last week of March 2014

20 Mar 2014 Evaluate

Gujarat Natural Resources’ 100% arm - GNRL Oil & Gas (formerly known as Heramec) will be drilling the third well by last week of March 2014. The company has undertaken a drilling campaign to drill new development wells in the current financial year as per approved Work Program and Budget.

The first of the three planned wells was spuded on December 25, 2013 in Dholasan field. The drilling of the well is completed within planned schedule and budget. The testing of the well is being undertaken.

After completion of drilling activities for the first well in Dholasan field, the drilling of the second well which was spuded on February 11, 2014 in Kanawara field is successfully completed within planned schedule and budget. The stimulation and final completion of the well is planned to be undertaken in last week of March 2014.

GNRL Oil & Gas holds 30% participating interest and is the operator for Dholasan and Kanawara fields where the new wells are to be drilled. Gujarat State Petroleum Corporation (GSPC) holds balance 70% participating interest in these fields.

Guj. Natural Resourc Share Price

99.00 -0.91 (-0.91%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 283.35
Oil India 471.35
Jindal Drilling&Inds 542.35
Deep Industries 477.70
Asian Energy Service 315.25
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:

×