Indus Gas Limited (Indus) is a Guernsey-based oil and gas exploration and development company. The Company is focused on oil and gas exploration, development, production, distribution and marketing of hydrocarbons, including Natural Gas in India. The Company, through its wholly owned subsidiaries iServices and Newbury is engaged in the business of oil and gas exploration, development and production and holds a 90% participating interest in a petroleum exploration and development concession in India known as RJ-ON/06 (the Block). The Block is located in Rajasthan state in western India and covers an area of approximately 4,026 square kilometers. The Block is part of the Indus Basin, which straddles eastern Pakistan and western India. The Company has approximately 51 wells that have been drilled averaging 3,563 meters per well.