The announcement was made during market hours today, 15 April 2015.

Meanwhile, the S&P BSE Sensex was down 287.30 points or 0.99% at 28,757.14.

On BSE, so far 47,000 shares were traded in the counter as against average daily volume of 29,363 shares in the past one quarter.

The stock hit a low of Rs 37.05 so far during the day. The stock had hit a 52-week high of Rs 74.40 on 16 September 2014. The stock had hit a 52-week low of Rs 28.50 on 29 January 2015.

The stock had outperformed the market over the past one month till 13 April 2015, sliding 10.22% compared with Sensex's 1.9% rise. The scrip had, however, underperformed the market in past one quarter, declining 14.11% as against Sensex's 5.9% rise.

The small-cap company has equity capital of Rs 22.32 crore. Face value per share is Rs 10.

Asian Oilfield Services said that its wholly owned subsidiary based in Dubai has secured a contract for 3D seismic data acquisition in Shakal Block, Kurdistan Iraq from Gazprom NEFT Middle East B.V for an estimated contract value of $10 million.

Asian Oilfield Services reported consolidated net loss of Rs 5.23 crore in Q3 December 2014 compared with net profit of Rs 5.99 crore in Q3 December 2013. Net sales declined 30% to Rs 32.10 crore in Q3 December 2014 over Q3 December 2013.

Asian Oilfield Services is engaged in providing geophysical, drilling and well services to customers across the Indian sub-continent.