ASIAN ENERGY SERVICES: WINS HYDROCARBON BLOCK UNDER DSF ROUND-IV •… — Market Wizard — TG.ME

ASIAN ENERGY SERVICES: WINS HYDROCARBON BLOCK UNDER DSF ROUND-IV

• Oilmax Energy receives award for GK/OSDSF/GKOSN/2025 block from the Government of India.

• Oilmax will hold 50% participating interest and act as the operator.

• Award is subject to execution of the Revenue Sharing Contract (RSC).

• Oilmax is proposed to merge with Asian Energy Services, pending final NCLT approval.

• Post-merger, the block and related assets are expected to vest with Asian Energy Services.
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