GSPC has started a new proceed to enter the capital market

GSPC has started a new proceed to enter the capital marketGSPC has started a new proceed to enter the capital market, reportedly with a greater value proposition.

Based on market sources, the IPO issue will probably hit the market late in the 1st half of 2011. The process for an initial public offer earlier this year was shelved.

The initial public offer , the sources mentioned, may be timed following the planned beginning of improvement drilling in the KG8 discovery on the western area of the KG-OSN-2001/3 offshore block in the Krishna Godavari basin, in April 2011. The firm is actually establishing the onshore processing facility as part of the development program.

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