Assam Co acquires 70% interest in El Triunfo; stock surges
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.
By ET Bureau |
MUMBAI: 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.
Shares of Assam Company rose 11 per cent to Rs 17.15 on the BSE. It touched a high of Rs 17.70 and low of Rs 15 in trade so far.
As per the agreement ACIL will acquire a 70% working interest in the Block and Sismopetrol and R3 will retain the balance 30% share.
Shares of Assam Company rose 11 per cent to Rs 17.15 on the BSE. It touched a high of Rs 17.70 and low of Rs 15 in trade so far.
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