"Jubilant" or the "Company" - Jubilant Bhartia Group
"Jubilant" or the "Company" - Jubilant Bhartia Group
"Jubilant" or the "Company" - Jubilant Bhartia Group
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F<strong>or</strong> fur<strong>the</strong>r inf<strong>or</strong>mation please contact:<br />
<strong>Jubilant</strong> Energy<br />
Ajay Khandelwal, Vipul Agarwal, Rini Kalra<br />
+91 120 402 5700<br />
Evolution Securities +44 20 7071 4300<br />
Rob Collins, Mat<strong>the</strong>w Tyler<br />
Renaissance Capital +44 20 7367 7777<br />
Hasnen Varawalla, Simon Mat<strong>the</strong>ws<br />
College Hill +44 20 7457 2020<br />
Simon Whitehead, Nick Elwes<br />
Qualified Person:<br />
Max Birley, BSc in Geological Geophysics, <strong>the</strong> Company's Chief Operating Officer, has 29<br />
years' experience in <strong>the</strong> international expl<strong>or</strong>ation and production industry. He has reviewed<br />
and approved <strong>the</strong> technical inf<strong>or</strong>mation contained in this announcement pursuant to <strong>the</strong> AIM<br />
guidance note f<strong>or</strong> mining and oil and gas companies.<br />
About <strong>Jubilant</strong><br />
<strong>Jubilant</strong> Energy N.V. is a holding company f<strong>or</strong> a group of companies engaged in <strong>the</strong> upstream<br />
oil and gas expl<strong>or</strong>ation and production sect<strong>or</strong> with a p<strong>or</strong>tfolio of interests in expl<strong>or</strong>ation,<br />
development and production assets. The group holds interests in nine blocks in India, one of<br />
which is a producing field, one of which is under appraisal and development and <strong>the</strong> rest of<br />
<strong>the</strong> blocks are in various stages of appraisal and expl<strong>or</strong>ation. The group has sole operat<strong>or</strong><br />
responsibilities in six of <strong>the</strong>se blocks.<br />
<strong>Jubilant</strong>’s principal strategy is to create sustainable shareholder value by building and<br />
exploiting its diverse p<strong>or</strong>tfolio of expl<strong>or</strong>ation, development and producing oil and gas assets<br />
focusing primarily on India. In particular, <strong>Jubilant</strong> will seek to monetise <strong>the</strong> value of its<br />
reserves and convert its resources to reserves through focused and economical appraisal and<br />
development. The Company intends to seek to maintain a balanced p<strong>or</strong>tfolio of production,<br />
development and expl<strong>or</strong>ation assets, with diversity across fields and basins, hydrocarbontype,<br />
as well as a diverse set of risk/reward profiles.<br />
The Company listed on AIM on 24th November 2010 and is part of <strong>the</strong> <strong>Jubilant</strong> <strong>Bhartia</strong><br />
<strong>Group</strong>, a prominent diversified Indian business group founded by Shyam <strong>Bhartia</strong> and Hari<br />
<strong>Bhartia</strong> with a presence in over 65 countries and revenues of around US$1 billion f<strong>or</strong> FY 2010
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