Cairn India releasing its third quarter interim results for the period ending December 31, 2010 said that oil drilling in Sri Lanka's Mannar Basin will commence in July this year.
"Frontier exploration drilling in the SL 2007-01-001 block (Cairn India - 100%, operator) in Sri Lanka is planned to commence in July 2011. A drill ship has been contracted and logistical preparations and detailed studies are ongoing ahead of drilling later this year" the notes attached to the interim result stated.
Comments - 29
Ibnu Batuta Friday, 11 February 2011 09:36 AM
Patriotic....???? It is already sold to India before excavation.
Ibnu Batuta Friday, 11 February 2011 09:38 AM
Please don't underestimate India.
Justin Friday, 11 February 2011 09:50 AM
Was this the secret agreement to surrender our resources to India if it helped defeat LTTE?
mining engineer Friday, 11 February 2011 11:51 AM
good news mining engineers can participate for this
Fayad Friday, 11 February 2011 04:25 AM
Good news, Hope this will be utilized to develop the country .
AJ - DXB Friday, 11 February 2011 11:53 AM
Or will it be like Charles Taylor having the diamonds for himself
Wara Friday, 11 February 2011 04:51 AM
Very good news. Hope we could get petrol at cheaper rate after July.
Basi-L Friday, 11 February 2011 05:06 AM
SHHHH.....Dont tell others..
Senarath Friday, 11 February 2011 05:08 AM
be patritoic. Dont expect everything for cheap.
Darwin Friday, 11 February 2011 05:19 AM
We did test for oil in the 60s and there was no oil. What are the chances of finding oil this time?
twoblue Friday, 11 February 2011 05:24 AM
oil is soon obsolete propeller energy. hope they don't screw up the marine life like in the gulf coast, US. Cairns India should be sent back home. development of a nation is really when zero point energy propeller systems are innovated n implemented. free energy means free life, no carbon. no pollution. no poverty. check out Orion project to learn more. God save beautiful SL.
Tharaka Chanaka Friday, 11 February 2011 05:28 AM
Someone is gonna be Richhh....
I Hussein Friday, 11 February 2011 05:33 AM
Dont be so optimistic with anticipated oil wealth. If mismanaged it, we will be like Nigeria & Indonesia - two oil rich countries. But ofcourse the 'rulers' will fly high.
I Hussein Friday, 11 February 2011 05:37 AM
............and India cant dig wells properly. I wonder how they going to explore while there are some expert counties for the purpose. Dont we screw up everything?
Mushi Friday, 11 February 2011 05:49 AM
Even if oil is found by any chance, it will be exploited by India.
Noah Friday, 11 February 2011 05:55 AM
Not for cheap.. But for a reasonable price
Noah Friday, 11 February 2011 05:57 AM
Now the testing has done with new machinery. They are more powerful than the machines in 60s. :P
Wara Friday, 11 February 2011 05:58 AM
This one has only this problem. Any good project, he see only that part.
sam Friday, 11 February 2011 06:03 AM
And the election is coming soon. I remember same thing happened during the CBK era.
spark Friday, 11 February 2011 06:06 AM
And we know that they are the brothers...
Punchi Putha Friday, 11 February 2011 06:01 AM
You mean India is going to screw us? :-O
Samanalaya Friday, 11 February 2011 06:28 AM
Wow. We all will be rich or only few people
Darwin Friday, 11 February 2011 06:32 AM
A blind patriot.
anura Friday, 11 February 2011 05:01 PM
Please lets not dream of prosperity in the presence of corruption may be we would be worse down with oil and corruption .Oil or no oil a country's prosperity depends on less corruption and financial discipline
Wara Friday, 11 February 2011 08:24 AM
You all wasting time on slinging mud. You can do a full scale investigation once you get into power.
Mr Retort Saturday, 12 February 2011 10:16 AM
Always talk about before an election from 1975
zorro Friday, 11 February 2011 09:01 AM
I totally agree with you. See what happen in Iran, Venezuela, Sudan, Kazakhstan and many other oil rich countries. The common people would never have anything from this richness.
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