HINDUSTAN OIL EXPLORATION CO.LTD. Successfully Flows Over 6 MMSCFD Gas in Dirok Field

During a workover in Block AAP-ON-94/1 (Dirok), an untested sand interval - Sand-9, which was tested today in Well Dirok-1, successfully flowed gas. The initial flow rate with a half an inch choke flowed over 6 million standard cubic feet of gas per day. Further production testing is in progress. This successful test of Sand-9 would add an additional volume to the proven reserves category of the Dirok field. Re-estimation of the reserves in Sand-9 would be carried out after due completion of the production test. HOEC holds 26.882% participating interest and is the Operator of the Block, with Oil India Limited and Indian Oil Corporation Ltd. as JV partners to the Production Sharing Contract executed with the Government of India.