Indus Gas Limited

Equities

INDI

GG00B39HF298

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 11:35:12 2024-04-26 am EDT			5-day change	1st Jan Change
7.5 ^GBX	-36.71%		-84.77%	-90.00%

2023	Hermes Pacific revenue doubles; swings to profit	AN
2023	Earnings Flash (INDI.L) INDUS GAS Reports H1 EPS $0.07	MT

Indus Gas production in line with expectations, as profit remains flat

December 23, 2022 at 03:24 am EST

(Alliance News) - Indus Gas Ltd on Friday said first half revenues were stable, as production remains in line with expectations.

The oil and gas explorer and developer with assets in India said pretax profit for the first half ended September 30 was USD22.8 million, remaining flat USD23.0 million a year ago.

The company said revenue was USD27.4 million, edging upwards from USD27.1 million the year prior.

Chair Jonathan Keeling said: "The production from the block resulted in company achieving stable revenues and another profitable half year. Post period end, the company was pleased to achieve a partial refinancing of its medium term notes."

"The company is currently producing from the SGL field as well as the SSF & SSG fields, with production in line with current year projections," Indus said.

Indus shares were trading at 286.00 pence per share on Friday morning in London.

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BRENT CRUDE OIL SPOT	88.07 USD	+0.10%	+1.75%	-
WTI	83.53 USD	0.00%	+1.68%	-
INDUS GAS LIMITED	7.5 GBX	-36.71%	-84.77%	17.09M

Latest news about Indus Gas Limited

Hermes Pacific revenue doubles; swings to profit	Dec. 15	AN
Earnings Flash (INDI.L) INDUS GAS Reports H1 EPS $0.07	Dec. 15	MT
Earnings Flash (INDI.L) INDUS GAS Reports H1 Revenue $26.2M	Dec. 15	MT
Indus Gas Limited Reports Earnings Results for the Half Year Ended September 30, 2023	Dec. 15	CI
EARNINGS AND TRADING: Indus Gas full-year profit jumps 19%	23-10-03	AN
Indus Gas Limited Announces Board Changes	23-09-29	CI
Indus Gas Limited Reports Earnings Results for the Full Year Ended March 31, 2023	23-09-29	CI
Indus Gas Limited Announces the Appointment of Nicholas Saul and Elizabeth Powell as Independent Non-Executive Directors of the Company	23-03-07	CI
FTSE 100 Ends for Christmas Up Slightly after Short, Muted Session	22-12-23	DJ
FTSE 100 Trades Flat Ahead of Christmas	22-12-23	DJ
Indus Gas production in line with expectations, as profit remains flat	22-12-23	AN
LONDON BRIEFING: Stocks to start half-day positively despite weak lead	22-12-23	AN
Indus Gas Fiscal H1 Profit Dips on Higher Deferred Tax Provision	22-12-23	MT
Earnings Flash (INDI.L) INDUS GAS Posts Fiscal H1 Revenue $27.4M	22-12-23	MT
Earnings Flash (INDI.L) INDUS GAS Reports Fiscal H1 EPS $0.07	22-12-23	MT
Indus Gas Limited Reports Earnings Results for the Half Year Ended September 30, 2022	22-12-23	CI
Indus Gas Files for Listing of $160 Million Bonds Due 2027	22-12-01	MT
Indus Gas proposes exchange offer for senior unsecured loans	22-11-21	AN
Indus Gas Limited Announces the Appointment of Atiq Anjarwalla as an Independent Non-Executive Director	22-10-03	CI
Earnings Flash (INDI.L) INDUS GAS Posts FY22 EPS $0.19	22-09-29	MT
Earnings Flash (INDI.L) INDUS GAS Reports FY22 Revenue $53.7M	22-09-29	MT
Indus Gas Limited Reports Earnings Results for the Full Year Ended March 31, 2022	22-09-29	CI
Indus Gas Limited Auditor Raises 'Going Concern' Doubt	22-09-28	CI
Indus Gas Agrees Gas Price Increase With GAIL	22-08-18	MT
Indus Gas Announces Chair Changes; CEO to Step Down	22-03-25	MT

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Company Profile

Indus Gas Limited is an oil and gas exploration and development company. The Company explores, develops, produces, distributes, and markets hydrocarbons, including natural gas initially in India. The Company is engaged in oil and gas exploration and development in Block RJ-ON/6, Rajasthan, India. It owns about 90% participating interest in the Block (excluding the SGL gas field, in respect of which its participating interest is 63%). The Participative Interest of the Company is held through its wholly owned subsidiaries, such as iServices Investment Limited, and Mauritius and Newbury Oil Company Limited, Cyprus. The on-shore Block RJ-ON/6, operated by an affiliate company, Focus Energy Limited (Focus), which is located in Rajasthan state in western India and covers an area of approximately 4,026 square kilometers. The Block is part of the Indus Basin, which straddles eastern Pakistan and western India. The Company sells its natural gas to GAIL (India) Limited.

Sector

Oil & Gas Exploration and Production

Calendar

2024-09-26 - Q4 2024 Earnings Release (Projected)

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