The Company had informed the Stock Exchanges that on account of a minor incident, which led to part damage of the production control umbilicals, the production from 2 out of 3 wells have been temporarily suspended w.e.f. November 08, 2004 noon. There was no injury to any personnel.
Actions have been initiated for restoring full production operations, which is likely to be accomplished soon. The incident investigation is in progress.
The Company has 21% non-operating Participating Interest in PY-3 joint venture.