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Time to buy land in Punjab
Posted by : Kulbir Singh
Date: 7/31/2004 2:14 pm


This is highly interesting. If this is true then Punjab will become so rich. Looks like we all should go back and buy land in Punjab.

Daas,
Kulbir Singh


Mukesh Ambani sees oil and gas fields in Punjab
Sarbjit Dhaliwal
Tribune News Service

Chandigarh, July 30
Punjab has oil and gas fields. This is a strong belief of Mr Mukesh Ambani, Chairman of the Reliance group of Industries.

In fact, the main subject matter of his luncheon meeting with Capt Amarinder Singh at new Motibagh Palace in Patiala yesterday was the exploration of oil and gas in the state.

According to highly-placed sources, Mr Ambani told the Chief Minister that preliminary surveys conducted by geologists deployed by the Reliance group of Industries, which is a major player in gas and oil business after the ONGC, have found definite signs of oil and gas reserves along the Indo-Pak border in the Punjab area.

In fact, the Reliance group has applied for permission to the Director-General of Hydrocarbons, India, to start exploration in the border belt from Ferozepore to some parts of Rajasthan.

The sources said the Reliance group got the clue regarding prospects of gas and oil fields from such explorations made across the border by the Pakistan-based oil companies. Pakistani companies have found oil and gas fields across the border opposite the Punjab and Rajasthan area.

The Ambanis have been making heavy investments in oilfields in the country. Once the permission is accorded by the Director-General, the Reliance group will immediately swing into action to start digging in the border belt, it is learnt.

The Reliance group has shown interest to install a gas-based super thermal plant of 3000 MW near Doraha in Ludhiana district. In case, gas is located in the border belt of Punjab, then the cost of power generation in the proposed gas-based thermal plant will be far less.

Otherwise, the cost of power generation will be around Rs 3 per unit in case gas is transported from on-shore or off-shore areas near Mumbai.

The Reliance group is also showing a keen interest in the gas pipeline from Iran and Uzbekistan via Pakistan to India. However, because of security reasons, this proposal has not taken off yet.
Re: Time to buy land in Punjab
Posted by : sikh
Date: 7/31/2004 3:52 pm


i'm fine with my $1.
Re: Time to buy land in Punjab
Posted by : MS
Date: 8/01/2004 4:30 am


Kulbir Singh,

isnt it a problem when buying land/property that if you do not have somone to look after it, it literally just gets stolen, and should u turn up many months later with your documents to prove its yours, the corrupt officials just produce another set of documents for the other person whos claiming the land is his?

also should we really be encouraging even further strip mining of punjab, i.e. the exploration does alot of damage and so does the drilling. if we were to buy the land, we should buy it to protect it?

in this day and age the technology exists to provide clean safe energies without using fossile fules however theres just no insentive and investment to do so. by withholding the fules we can force the companies to make use of long term sustainable alternatives?
Re: Time to buy land in Punjab
Posted by : S Singh
Date: 8/01/2004 2:36 pm


I would not read too much into this. During the 1980s a lot of land in our village was explored for oil and gas and nothing was found. Also the government would not have paid the true market rate for the land if oil or gas had been found.