In today’s briefing:
- # 49 India Insight: Hindalco $ 10 Bn Expansion, BC Jindal RE, Cement Firms Plans
- AUCTUS ON FRIDAY – 16/08/2024
# 49 India Insight: Hindalco $ 10 Bn Expansion, BC Jindal RE, Cement Firms Plans
- Hindalco’s $10 Billion Expansion to Drive Aluminium and Copper Growth.
- BC Jindal Group to Invest $2.5 Billion in India’s Renewable Energy Sector by 2029.
- Cement Firms Plan Rs 1.5-Trillion Investment to Meet Growing Demand.
AUCTUS ON FRIDAY – 16/08/2024
- .Chariot (CHAR LN) C ; Target price £0.45 per share: Commencing drilling operations at high impact well in Morocco – Drilling operations have commenced on the Anchois East well (now named Anchois-3). The well has three objectives.
- An initial pilot hole will be drilled to evaluate the potential of the Anchois Footwall prospect, located in an undrilled fault block to the east of the main field with a 2U Prospective Resource estimate of 170 bcf in the main O Sand target.
- Our unrisked NAV for this prospect is £0.05/sh. A side-track will then be drilled to intersect and further evaluate the discovered gas sands in the Anchois field, with a current gross 2C Contingent Resource estimate of 637 bcf, in the eastern part of the main fault block of the field.
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