Asian Energy Services Discovers Oil in Gujarat's Mevad Field, Producing 100 bopd

Asian Energy Services Ltd. has announced the discovery of oil in its new drilled well NM-01, located in the Mevad Area of Mehsana district, Gujarat. During the testing phase, the well is currently producing 100 barrels of oil per day (bopd), with potential for approximately 125-130 bopd. The Company holds a 50% participating interest in the block, while Oilmax Energy Private Limited holds a 10% interest. The crude oil is expected to be sold to domestic refineries, with pricing linked to prevailing Brent crude benchmarks. Further evaluations are ongoing to assess the discovery's complete potential and development.