by
Equinomics Research & Advisory Pvt Ltd
The
Ministry of Environment and Forests has given environment clearance to Cairn
India to raise crude oil production from its prolific Rajasthan block by 50 %
to 3 lakh barrels per day.
This
will double its hydrocarbon reserves to 6 billion barrels. Also Rajasthan block
holds significant natural gas reserves, estimated at 1 to 3 Trillion cubic feet
(Tcf), over half of which can be produced.
Anticipated
recovery in the global economy and periodic political troubles in the oil
producing nations are expected to lead to firm oil prices over next 2 to 3
years. We believe in next 2 to 3 years company is poised to deliver sustainable
growth, therefore, Equinomics Research & Advisory Pvt Ltd stick to a
conservative target price of Rs.400
For more details
G.Chokkalingam
Founder
& Managing Director
Equinomics
Research & Advisory Pvt Ltd
18-
3/A, Ekta CHS, Shiv Dham Complex
(Opp
to Oberoi Mall)
Filmcity
Road, Malad (East)
Mumbai
- 400 097
Ph:
+91 22 28492942
chokka.g@equinomics.in
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