Gujarat Natural Resources Ltd — Important, 18-08-2025: Company Update

Gujarat Natural Resources Limited (GNRL) announced an operational update on its drilling campaign. Its subsidiary, GNRL Oil & Gas Limited (GOGL), commenced a two-well development drilling campaign in the North Balol gas field. The first well, NBlO, has reached 312 meters towards a 900-meter target. Current field production is 11,000 Standard Cubic Meters per Day (SCMD), projected to rise significantly to 60,000 SCMD after both wells are complete. These new wells are expected to start commercial production within two months, boosting the company's gas output. GOGL holds a 30% interest in this field.