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| Assam Company to invest in Colombian oil & gas market | |
| Assam Company to invest in Colombian oil & gas market Assam Company India has entered into a farmout agreement with Sismopetrol and R3 in Colombia, for exploration and production of the block ANH El Triunfo located in Casanare, Colombia. As per the agreement ACIL will acquire a 70% working interest in the Block and Sismopetrol and R3 will retain the balance 30% share. The work at the block is expected to begin early July this year and production of oil should commence from November 2011onwards. The company made this announcement during the trading hours today, 03 March 2011. |
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