Nothing There

Standing left to right – Mr. Dinesh Jebamani (Chief Manager Liability Product Management and New Age Media – Seylan Bank), Mr.Sudesh Peiris (Senior Manager – Digital Banking Channels – Seylan Bank), Ms. S.Senevirathne (Representative of the Revenue Department – Western Province), Mr. Tilan Wijeyesekera (Deputy General Manager – Retail Banking – Seylan Bank) and Mr. Malik Wickremanayaka (Deputy General Manager – Operations – Seylan Bank)

Mar 01, 2013 (LBO) – Cairn Lanka (Pvt) Ltd has not found any oil in its fourth exploration well, its parent company said in a stock exchange filing. Cairn India said the well found “thick high quality re servoir sands, which were not
hydrocarbon bearing,” and it was plugged and abandoned.

The data from the well and another two wells where petroleum was found will be used to fully understand the potential of the block, the firm said.

Analysis of data is expected to take at least until the first quarter of next year, according to earlier statements.

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