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Reliance to Exit from KG Basin

Chalanachithram.com DB » New TF Industry Related » Archive through December 26, 2014 » Reliance to Exit from KG Basin « Previous Next »

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Theaviator
Junior Artist
Username: Theaviator

Post Number: 2
Registered: 07-2014
Posted From: 49.207.252.35

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Posted on Wednesday, December 24, 2014 - 10:12 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Ringo_rangaswamy:



BP invested in holding co of RIL o&g buss.. they are just a minority partner in all blocks
exploration buss is like milking Paala samudram.. No one knows what surprise you have
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Pipeline
Hero
Username: Pipeline

Post Number: 13450
Registered: 05-2009
Posted From: 68.147.231.162

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Posted on Wednesday, December 24, 2014 - 10:07 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Xxx:


akkada oil ekkadundi rao garu, mostly natural gas. International price for natural gas is still good
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Theaviator
Junior Artist
Username: Theaviator

Post Number: 1
Registered: 07-2014
Posted From: 49.207.252.35

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Posted on Wednesday, December 24, 2014 - 10:00 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Onlytruth:



D3 is not part of RIL's trophy asset KGD6..
There are about 30-35 blocks alloted to explor. cos in kg basin such as ril, ongc, oil and many intl cos.. D3 is one such block. due to the then UPA non planning.. cos had to suffer in getting critical clearances like m. of defense/ min. of space due there extensive activity in that area..
But they have spent risk capex on min. work program committed.. Instead waiting in limbo, many have relinquished blocks, Some due poor results of blocks, economic viability and chances on getting clearances
Needless, o&g exploration is a risk intensive business.. not only RIL but any corporation even govt cos ONGC, GSPC expect and try to exploit max value from production.. As RIL found first largest find in India every body blame for their actions, all echo on them...
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Xxx
Side Hero
Username: Xxx

Post Number: 8022
Registered: 04-2009
Posted From: 71.75.156.215

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Posted on Wednesday, December 24, 2014 - 08:44 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

did Reliance not demand the price equal to international parity ?

now the price of oil industry crashed , has this taken into consideration ?
-
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Amigo
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Username: Amigo

Post Number: 2906
Registered: 05-2011
Posted From: 68.196.98.201

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Posted on Wednesday, December 24, 2014 - 08:41 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

they cant quit just like that.
they have to honor the agreements and pay the penalties.

they want profits everywhere...and they attempt to do it through illegal means
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Ringo_rangaswamy
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Username: Ringo_rangaswamy

Post Number: 9953
Registered: 02-2011
Posted From: 24.47.142.216

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Posted on Wednesday, December 24, 2014 - 08:22 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Onlytruth:




denkalsintha denkesi aa british pretroleum or some BS ki ammesi commision thenkesaaru Reliance.


yedho neethi ga exit sesinattu mee Ashwin off spin.
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Raman
Legend
Username: Raman

Post Number: 34507
Registered: 01-2009
Posted From: 122.172.249.22

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Posted on Wednesday, December 24, 2014 - 07:50 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

bongu vadultaru this is oneway of black mailing govt to increase rates
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Polyglot
Comedian
Username: Polyglot

Post Number: 1047
Registered: 09-2014
Posted From: 50.7.78.236

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Posted on Wednesday, December 24, 2014 - 07:41 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

motham jurresaremoo already
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Pipeline
Hero
Username: Pipeline

Post Number: 13441
Registered: 05-2009
Posted From: 68.147.231.162

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Posted on Wednesday, December 24, 2014 - 07:34 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Aa area motham overall ga not looking profitable. Reliance tho JV chesina Niko resources ane company $100 share price nundi penny stock ayindi, very close to bankruptcy. Of course eu had issues with Bangladesh govt too
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Onlytruth
Legend
Username: Onlytruth

Post Number: 157149
Registered: 01-2007
Posted From: 71.194.35.134

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Posted on Wednesday, December 24, 2014 - 07:29 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

akkadedho reliance vela kotlu dochesukuntundhi ani edchina vallu....now answer... foreseeing heavy loss over D3 - KG Basin block, Reliance is EXIT now

http://www.eenadu.net/news/bnewsitem.aspx?item=business&no=8

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