Updates : Assam Company

Thebullishtrends: Assam Company shares are trading at Rs.36.85(4.99%). Assam Company Ltd has announced that the Company has placed the Amguri 10B and Amguri 11 wells on production Combined gross production from the Amguri field is now able toaverage approximately 870 bbl/d of condensate and 7.0 mmcf/d of natural gas or 2,040 boe/d. Water production from Amguri 10B and 11 is less than 1%. These wells were placed on production on January 29, 2008.

The Company is an Indian-based international oil and gas Company operating in the Assam / Arakan basin of northeast India. The Company holds non operator 40% working interest in the Amguri field, it also further holds non operator working interest of 35% in the AA-ON/7 exploration block. The Company also has operating contract with ONGC for Laxmijan, Barsilia and Bihubar blocks in Assam.