Indus Gas Ltd (Indus) is a Guernsey-based company engaged in oil and gas exploration, development and production. The Company is engaged in the sale of natural gas, which is supplied to GAIL (India) Limited (GAIL). The Company is focused on oil and gas exploration and development in Rajasthan, India in Block RJ-ON/6. Indus owns a 90% participating interest in the Block (excluding SGL gas field, in respect of which its participating interest has reduced to 63%). The Block measuring 4,026 square kilometers lies onshore in the mid Indus Basin. As of March 31, 2012, it acquired, processed and interpreted 1,371 square kilometers of three dimensional (3D) seismic data and 174 square kilometers of three dimensional (3D) seismic data acquired between April-July 2012. In addition as of March 31, 2012, it acquired, processed and interpreted 1,037 line kilometers of two dimensional (2D) seismic date and drilled a total of 29 wells totaling 100,020 meters.