Tharun is a Chartered Financial Analyst from the CFA Institute, U.S. A graduate from Loyola College, Chennai, he started his career in Goldman Sachs at their Bangalore office. Prior to his current role at Proactive Investors, he worked as an equity analyst at a global research and analytics company in Mumbai, assisting institutional clients across Asia.
The well was drilled at the Rex target within the Point Loma Joint Venture (PLJV), Canada.
The fields continue to generate positive cash contributions to the business with field operating costs at or below US$30 per barrel.
The company is a developer of global integrated compressed natural gas (CNG) projects.
The Kvanefjeld Project could be one of the world's largest producers of magnet metals.
The new deal highlights the level of international interest in the Leigh Creek Energy Project.
The increase follows recent share purchases from the company's managing director.
On-site operations team and technical experts continue to manage the development of the gasification chamber toward commercial flow rates.
Two additional larger capacity drill rigs have arrived on site and are intended to accelerate the program.