The company made this announcement during the trading hours today, 19 November 2007.

Meanwhile, BSE Sensex was up 108.90 points or 0.55% to 19,807.06.

On BSE 1.12 lakh shares were traded in the counter. The scrip had an average daily volume of 83,650 shares in the past one quarter.

The stock hit a high of Rs 196.35 which is a record high for the stock. The stock touched a low Rs 190 so far during the day. The stock hit a 52-week low of Rs 16 on 17 November 2006.

The small-cap scrip had outperformed the market over the past one month till 16 November 2007, gaining 45.36% compared to the Sensex’s return of 9.45%. It had also outperformed the market in the past one quarter, rising 94.29% compared to Sensex’s rise of 39.29%.

Asian Oilfield Services’ current equity share capital is Rs 7.01 crore. Face value per share is Rs 10.

The current price of Rs 196.35 discounts its Q2 September 2007 annualized EPS of Rs 1.26 by a PE multiple of 155.83.

The project is to be executed within 14 operative months effective from the date of mobilization. The company has successfully completed over 300-ground line kilometer (GLKM) of projects work of Rs 40 crore in Tripura, Assam, Nagaland and Gujarat for ONGC.

Asian Oilfield Services reported net profit of Rs 0.22 crore in Q2 September 2007 as compared to net loss of Rs 0.24 crore in Q2 September 2006. Sales rose 471.4% to Rs 0.40 crore in Q2 September 2007 over Q2 September 2006.

The company provides services to oil & gas exploration companies in India. The services offered by the company are shot hole drilling & uphole drilling services, seismic data & seismic job services and seismic data processing and interpretation.