- Duarmara Contract Area on the proven Assam Shelf Basin. The field is surrounded by many producing fields
- Proven gas discoveries with significant upside Oil potential. Major gas bearing zones are the TS-2 and TS-3 Reservoirs
- AEPL has farmed in with 50% Participating Interest with Joint Operatorship
- Well established Gas market. Mature gas market with presence of well-established medium to large gas consumers
- Gas Sales E – Auction completed. Discovered price at “APM + 0.7” $ / mmbtu
- Attractive fiscal terms, Government take of Gross Revenues (Incl Income Tax) < 50%
- Phase 1 to develop TS 2 and TS 3 gas reservoirs by drilling 6 new wells (One each every 1 – 1.5 years)
- Low risk onshore development with well-developed infrastructure with Oil and Gas operators operating in this region since the last 70 years
- Forest Clearance – Stage 1 in place
- Site preparation works to commence this Financial Year