> Assam's oil will enrich shareholders of OIL,
while Assam gets stolen blind.
This also brings the question, why
Assam is not a shareholder for Oil India Limited?
Why Assam is not asking the
question? Is the situation same in Gujarat?
Rajen Barua
----- Original Message -----
From: "Chan Mahanta" <[EMAIL PROTECTED]>
To: "Ram Sarangapani" <[EMAIL PROTECTED]>; "Assam"
<[email protected]>
Sent: Monday, June 06, 2005 9:34 PM
Subject: Re: [Assam] Oil India Strikes it rich in
Dibrugarh Dist.
> >This is good news indeed, and the fact that OIL is going for its first IPO.
>
>
> *** Is it good news for Assam?
>
>
> Assam's oil will enrich shareholders of OIL, while Assam gets stolen blind.
>
> And that is good news?
>
>
>
>
>
>
>
>
>
>
>
>
> >
> >-----------------
> >
> >OIL strikes it rich in three structures in Assam
> >Guwahati, Jun 06 (UNI) Oil India Limited (OIL) has struck crude
> >petroleum in the three new structures in Dibrugarh district of Upper
> >Assam even as their profit has zoomed up to Rs 1061 crores in the last
> >financial year.
> >
> >According to the director's report, the OIL has struck oil in the
> >three new structures on North Tini Ali, West Zaloni and Samdang-3.
> >
> >The company is upbeat with the new discoveries as they are preparing
> >for the first Initial Public Offering (IPO).
> >
> >The OIL India sources, however, confirmed that they were keeping their
> >finger crossed about the result of the latest round of the New
> >Exploratory Licensing Policy (NELP) bidding for getting license for
> >exploration of the new block.
> >
> >The ONGC, Reliance and Videocon are pupshing ahead for license in new
> >prospective blocks of Upper Assam.
> >
> >The source informed that new discoveries would go a long way to double
> >the gas and crude production in the next five years through initiative
> >like breakthrough performance under taken by the company for
> >organisational transformation.
> >
> >In fact the director's report said the profit after tax was Rs 1061
> >crores as the oil and gas products had registered a seven per cent
> >growth in the last financial year ending March 2005.
> >
> >Increased production of crude oil and natural gas coupled with increse
> >in price resulted in company recording the highest ever total income
> >of Rs 4097 crores.
> > --From Deepikaglobal.com
> >
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