/ HOEC Up Nearly 3% Completes 4 Wells, And Commissions Pipeline ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 31 March 2017

Hindustan Oil Exploration Company's stocks are surging nearly 3%, as the company announced successful completion of 4 wells and commissioning of a pipeline and gas gathering station.

The entire surface facilities have been tested by a test production by Oil India Ltd. Oil India being the licensee is in the process of obtaining a Petroleum Mining Lease from the Government of Assam on the recommendation of GoI.

The stock has outperformed both BSE Small-cap index and BSE Oil & Gas index on a yearly basis. Hindustan Oil Exploration Company Limited (HOEC) is an oil and gas company. The Company's activities relate to exploration and production of hydrocarbons, which are natural resources. BSE Oil & Gas index is trading up 300 200 points or 1.51% at 13518 levels.

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