<p>"A flow of 75 barrels per day of oil and 0.27 million cubic feet per day of gas was achieved during drill stem tests," the company said in a regulatory statement to the Bombay Stock Exchange.<br /><br />"The well and test results are being evaluated to assess the commercial potential of the discovery and to determine the future appraisal programme," it added. <br /><br />Cairn India, the operator, has a 49 percent stake in the block, while state-run Oil and Natural Gas Corp (ONGC) holds the remaining 51 percent participating interest.<br /><br />Cairn India had last week announced selling a 51-60 percent stake to London-based industrialist Anil Agarwal-led Vedanta Group Monday in a $8.5-$9.6 billion.<br /><br />The deal, however, may run into trouble following the minority stakeholder ONGC and the government's view that the state-owned oil explorer should be given the first right of refusal over Cairn India's shares.</p>
<p>"A flow of 75 barrels per day of oil and 0.27 million cubic feet per day of gas was achieved during drill stem tests," the company said in a regulatory statement to the Bombay Stock Exchange.<br /><br />"The well and test results are being evaluated to assess the commercial potential of the discovery and to determine the future appraisal programme," it added. <br /><br />Cairn India, the operator, has a 49 percent stake in the block, while state-run Oil and Natural Gas Corp (ONGC) holds the remaining 51 percent participating interest.<br /><br />Cairn India had last week announced selling a 51-60 percent stake to London-based industrialist Anil Agarwal-led Vedanta Group Monday in a $8.5-$9.6 billion.<br /><br />The deal, however, may run into trouble following the minority stakeholder ONGC and the government's view that the state-owned oil explorer should be given the first right of refusal over Cairn India's shares.</p>