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Hardy Oil+Reliance Encounter Dry Well In KG D9 Block-stocks sink

  
Analysis, Education
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FREEFALLMANHardy Oil and Gas, the exploration and production group with interests predominantly in India, has kicked off a four-well drilling campaign on its D9 exploration licence with a dry well.
The exploratory well KGD-A1 drilled to a total depth of 4,875m and while it did hit some background gas, the well encountered poor reservoir sands in both the middle and lower miocene target levels. It will now be plugged and abandoned.
Hardy said the data obtained from the first exploration parametric well was very significant and would be integrated with the existing geological model to improve the prospectivity of the block before drilling subsequent wells.
Hardy holds a 10% participating interest in the D9 block, which is located in the Krishna Godavari basin on the east coast of India. Reliance Industries Ltd is the operator and holds a 90% stake.
HARDY OIL-RELIANCE

Mera Bharat Mahaan

  
Economy, Education, LINKS
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sensex16kThe Sensex, the benchmark index of BSE, posted a return of 64% during the first 36 weeks of the current calendar year increasing their kitty by whopping Rs 946,757 cr. Incidentally, this is the highest return during the same period for the last 17 years.

Many hurdles for Wardha’s farmer suicide cases

Farmers grow desperate as India is hit by worst drought since 1972

Drought-hit Indian farmers sell wives to pay debts

Uttar Pradesh Farmers Among Worst Hit by Drought

Dark secrets of Baramati

Drought, debt lead to Indian Farmers’ suicide

India’s Sugar Crop Wilts Amid Drought

Droughtexpands in India, sugar regions hitHunger haunts more than 20% in India, much of Asia: ADB report

 

 

Is India getting poorer?

Strong Rupee-Any impact ?

  
Analysis, Education, Forex
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https://www.anirudhsethireport.com/inr-looking-strong-against-usd-jpy-gbp/

https://www.anirudhsethireport.com/what-i-forecasted-for-usd-inr-dont-miss-to-read/

 

Dear Traders /Readers ,Just click above links and u will see from what level Iam Bullish in Indian Rupee.

While looking at chart of INR against GBP ,EURO ,USD and JPY -Just thought came in my mind and thinking what will be the impact on Indian Software Companies or any negative impact on results for this quarter ?

-Indian Rupee had appreciated by 9% since Dec’09 against British Pound

-Indian Rupee had appreciated by 9% against Euro

-Indian Rupee had appreciated by 3% against USD since Dec’09

-US Dollar is strong against all world currencies except India

-I Don’t understand when  USD ,GBP ,EURO  were strong against INR…Then results of Indian Software companies were mind blowing and stocks were zooming up up up.

-Now since INR is so strong against all 3 currencies then also no impact on stock price and nobody talking and writing ??

-Apart from Software Companies ,What will be the impact on the companies those exporting in Europe ,UK ,USA ?

Just think it over and if possible comment

Updated at 12:49/28th March/Baroda

Wall Street and World Market …As expected melts

  
Analysis, Education, Global Indices, US Market
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-Above are 5 minute chart of DOW & Nasdaq Composite.

-Once in life time ,we can see these type of Intraday moves.

-It’s already 1:53 AM ,I will update more in morning.But just refresh your memory and see this picture posted on 3rd May’10

-Boldly mentioned :TUE ,WED ,THU ,Friday….Watch Bloodbath across Globe.

-Anybody in India had written to Sell Stocks with stop of 5566 & offload everything and withdraw money from Mutual Funds ???101% Nobody ……….!!

Updated at 2:00/07th May/Baroda /India

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