Videocon Hydrocarbon Holdings (VHHL), a wholly owned subsidiary of Videocon Industries has informed that the well operator-Anadarko Petroleum Corporation, USA (Anadarko), has reported that Barquentine-3 appraisal well has encountered more than 662 net feet (202 net meters) of natural gas pay in two high-quality Oligocene-aged fan systems. This discovery significantly expands the company’s estimated recoverable resource range to 15 to 30+ trillion cubic feet (Tcf) of natural gas, with an estimated 30 to 50+ Tcf of natural gas in place. Barquentine-3 is the 6th successful well in the complex that includes the Windjammer, Lagosta, Barquentine and Camarao discoveries.
Anadarko, the operator of the partnership is in the process of mobilizing the Deepwater Millennium drillship to accelerate its activity in the Offshore Area 1 and also has recently signed a 4 year contract extension that will keep the Belford Dolphin drillship working in the basin as part of partnership's ongoing program.
The Barquentine-3 appraisal well was drilled to a total depth of approximately 13400 feet (4084 meters) in water depths of approximately 5170 feet (1575 meters). The well is located approximately 2.75 miles (4.4 kilometres) of southeast of the Barquentine discovery well and approximately 1.8 miles (2.9 kilometres) south of the Barquentine-2 appraisal well. The partnership will preserve Barquentine-3 for use as a monitor well during its upcoming testing program. The drillship will next move to top set the Barquentine-4 appraisal well.
Videocon Mozambique Rovurna 1, an overseas subsidiary of VHHL holds 10% participating interest (PI) in the block. Anadarko Petroleum Mozambique Area 1 Lda, an affiliate of Anadarko is the operator of the 2.6-million-acre (approx. 10,500 square kilometer) block with a PI of 36.5%. Other partners in the area include Mitsui E&P Mozambique Area 1 (20 percent), BPRL Ventures Mozambique B,V. (10 percent), and Cove Energy Mozambique Rovuma Offshore (8.5 percent), Empresa Nacional de Hidrocarbonetos, E.P. a National Oil company of Mozambique, holds the remaining 15% interest and is carried through the exploration phase.
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| Honeywell Automation | 41136.90 |
| MIRC Electronics | 19.07 |
| Elin Electronics | 200.30 |
| Safa Systems & Techn | 11.55 |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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