Indus Gas Limited, an oil and gas exploration and development company with assets in India, is pleased to announce progress on the following matters concerning the RJ-ON/6 Block.

The Company has submitted a Declaration of Commerciality (DOC) request for approximately 2,000 square kilometres in the Western half of the RJ-ON/6 Block in respect of gas discovered to date as previously reported on 26th February 2013.

At a Board Meeting last week, the Board ratified a new term debt facility of US$180mn and further details will be released in due course.

Following submission of the "DOC", and in line with previously announced drilling plans, additional resources have been deployed to well testing since the publication of the Annual Report. Initial results have been positive and further details will follow on completion of the testing programme.

Tags: Indus Gas Limited