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<item><link>http://www.alacrastore.com/storecontent/moodys/PR_161923_2565</link><guid isPermaLink="false">moodys/PR_161923_2565</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><description>Global Credit Research Announcement ## AUG ####   Announcement: Oil and Natural Gas Corporation Ltd. Moody's sees no rating impact from ONGC's plan to buy Imperial Energy Singapore, August ##, #### -- Moody's Investors Service sees no...</description><pubDate>8/28/2008 12:53:03 AM</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Oil and Natural Gas Corporation Ltd.</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Oil and Natural Gas Corporation Ltd.</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">2565</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Announcement</moodys:report_type><title>Moody's sees no rating impact from ONGC's plan to buy Imperial Energy</title><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PR_161923_2565</moodys:docid><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><title>Oil &amp; Natural Gas Corp Ltd is rumored to be planning to acquire Imperial Energy Corp PLC</title><description>UK - Indian majority state-owned Oil &amp; Natural Gas Corp Ltd of India was rumored to be planning to acquire the entire share capital of Imperial Energy Corp PLC, a London-based oil and gas exploration and production company.</description><pubDate>7/17/2008 1:04:51 PM</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">67774A</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">44831P</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">45408Q</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">44831P</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Oil &amp; Natural Gas Corp Ltd</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Imperial Energy Corp PLC</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">India</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Imperial Energy Corp PLC</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Oil_Natural_Gas_Corp_Ltd_is_rumored_to_be_planning_to_acquire_Imperial_Energy_Corp_PLC-1996239040</link><guid isPermaLink="false">sdc/1996239040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>1996239040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2008, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_EXCHANGE><sdc:value>Bombay</sdc:value></sdc:a_EXCHANGE><sdc:a_MAINDUSTRY><sdc:value>Oil and Gas; Petroleum Refining</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>India</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Crude petroleum and natural gas</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>1311</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Public</sdc:value></sdc:a_STATUS><sdc:a_TICKER><sdc:value>500312</sdc:value></sdc:a_TICKER><sdc:asic_SIC><sdc:value sdc:p="0">1311:Crude petroleum and natural gas</sdc:value><sdc:value sdc:p="1">1381:Drilling oil and gas wells</sdc:value><sdc:value sdc:p="2">1382:Oil and gas field exploration services</sdc:value><sdc:value sdc:p="3">5172:Petroleum and petroleum products wholesalers, nec</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value>999A:National government</sdc:value></sdc:aupsic_SIC><sdc:b_EXCHANGE><sdc:value>London AIM</sdc:value></sdc:b_EXCHANGE><sdc:b_MAINDUSTRY><sdc:value>Oil and Gas; Petroleum Refining</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>United Kingdom</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Crude petroleum and natural gas</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>1311</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Public</sdc:value></sdc:b_STATUS><sdc:b_TICKER><sdc:value>IEC</sdc:value></sdc:b_TICKER><sdc:c_ACIDGEN><sdc:value>4522003</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>National government</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Oil,gas expl,prodn</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value>Not Applicable</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Ordinary Share</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>858097002</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Jul 17 2008</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">Oil &amp; Natural Gas Corp Ltd,</sdc:value><sdc:value sdc:p="1">located in Dehradun, India,</sdc:value><sdc:value sdc:p="2">provides deepwater oil and gas</sdc:value><sdc:value sdc:p="3">exploration, drilling and</sdc:value><sdc:value sdc:p="4">production services both</sdc:value><sdc:value sdc:p="5">onshore and offshore. It also</sdc:value><sdc:value sdc:p="6">wholesales and imports</sdc:value><sdc:value sdc:p="7">liquefied natural gas. The</sdc:value><sdc:value sdc:p="8">company was founded on</sdc:value><sdc:value sdc:p="9">February 28, 1994.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Oil &amp; Natural Gas Corp Ltd, located in Dehradun, India,</sdc:value><sdc:value sdc:p="1">provides deepwater oil and gas exploration, drilling and</sdc:value><sdc:value sdc:p="2">production services both onshore and offshore. It also</sdc:value><sdc:value sdc:p="3">wholesales and imports liquefied natural gas. The company</sdc:value><sdc:value sdc:p="4">was founded on February 28, 1994.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Oil &amp; Natural Gas Corp Ltd, located in Dehradun, India, provides deepwater oil and gas exploration, drilling and production services both onshore and offshore. It also wholesales and imports liquefied natural gas. The company was founded on February 28, 1994.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Imperial Energy Corp PLC,</sdc:value><sdc:value sdc:p="1">located in London, UK, is an</sdc:value><sdc:value sdc:p="2">oil and gas exploration and</sdc:value><sdc:value sdc:p="3">production company. The Group</sdc:value><sdc:value sdc:p="4">has operations focused on the</sdc:value><sdc:value sdc:p="5">Tomsk region of Western</sdc:value><sdc:value sdc:p="6">Siberia, Russian Federation</sdc:value><sdc:value sdc:p="7">and north-central Kazakhstan.</sdc:value><sdc:value sdc:p="8">The company was founded in</sdc:value><sdc:value sdc:p="9">2004.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Imperial Energy Corp PLC, located in London, UK, is an oil</sdc:value><sdc:value sdc:p="1">and gas exploration and production company. The Group has</sdc:value><sdc:value sdc:p="2">operations focused on the Tomsk region of Western Siberia,</sdc:value><sdc:value sdc:p="3">Russian Federation and north-central Kazakhstan. The company</sdc:value><sdc:value sdc:p="4">was founded in 2004.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Imperial Energy Corp PLC, located in London, UK, is an oil and gas exploration and production company. The Group has operations focused on the Tomsk region of Western Siberia, Russian Federation and north-central Kazakhstan. The company was founded in 2004.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>102.32000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>Y</sdc:value></sdc:i_CROSS1><sdc:i_DATEANN><sdc:value>14 Jul 08</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Mon, 14 Jul 2008 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 07/14/2008</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date Effective:</sdc:value></sdc:i_DATEEFFS><sdc:i_DESCR><sdc:value>Merger</sdc:value></sdc:i_DESCR><sdc:i_DESCR1><sdc:value>Not 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sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">UK - Indian majority</sdc:value><sdc:value sdc:p="1">state-owned Oil &amp; Natural Gas</sdc:value><sdc:value sdc:p="2">Corp Ltd of India was rumored</sdc:value><sdc:value sdc:p="3">to be planning to acquire the</sdc:value><sdc:value sdc:p="4">entire share capital of</sdc:value><sdc:value sdc:p="5">Imperial Energy Corp PLC, a</sdc:value><sdc:value sdc:p="6">London-based oil and gas</sdc:value><sdc:value sdc:p="7">exploration and production</sdc:value><sdc:value sdc:p="8">company.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>UK - Indian majority state-owned Oil &amp; Natural Gas Corp Ltd of India was rumored to be planning to acquire the entire share capital of Imperial Energy Corp PLC, a London-based oil and gas exploration and production company.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">UK - Indian majority state-owned Oil &amp; Natural Gas Corp Ltd of India was rumored to be</sdc:value><sdc:value sdc:p="1">planning to acquire the entire share capital of Imperial Energy Corp PLC, a London-based</sdc:value><sdc:value sdc:p="2">oil and gas exploration and production company.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">UK - Indian majority state-owned Oil &amp; Natural Gas Corp Ltd of India was rumored to be planning to acquire the entire share capital of Imperial Energy Corp PLC, a London-based oil and gas exploration</sdc:value><sdc:value sdc:p="1">and production company.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">UK - Indian majority state-owned Oil &amp; Natural Gas Corp Ltd of India was rumored to be planning to acquire the entire share capital of</sdc:value><sdc:value sdc:p="1">Imperial Energy Corp PLC, a London-based oil and gas exploration and production company.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>Rumor</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Rumor</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value sdc:p="0">1311:Crude petroleum and natural gas</sdc:value><sdc:value sdc:p="1">1381:Drilling oil and gas wells</sdc:value><sdc:value sdc:p="2">1382:Oil and gas field exploration services</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>3037001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_NATION><sdc:value>India</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>999A</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Foreign</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Government</sdc:value></sdc:upa1_STATUS><sdc:upsic_SIC><sdc:value sdc:p="0">1311:Crude petroleum and natural gas</sdc:value><sdc:value sdc:p="1">1381:Drilling oil and gas wells</sdc:value><sdc:value sdc:p="2">1382:Oil and gas field exploration services</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>858097002</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>London AIM</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>United Kingdom</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>1311</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>IEC</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>0.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>0.00000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>Thomson Financial Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/COP_2565</link><guid isPermaLink="false">moodys/COP_2565</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><description>Global Credit Research Credit Opinion ## JUL ####   Credit Opinion: Oil and Natural Gas Corporation Ltd. Oil and Natural Gas Corporation Ltd. New Delhi, India Ratings Category Moody's Rating Outlook Stable Issuer Rating -Dom Curr A#...</description><pubDate>1/2/2008 7:28:00 PM</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Oil and Natural Gas Corporation Ltd.</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Oil and Natural Gas Corporation Ltd.</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">2565</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Credit Opinion</moodys:report_type><title>Oil and Natural Gas Corporation Ltd.</title><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">COP_2565</moodys:docid><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/PBC_106523</link><guid isPermaLink="false">moodys/PBC_106523</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">pdf</moodys:index_mode><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Analysis</moodys:report_type><pubDate>12/17/2007 4:11:28 AM</pubDate><title>Oil and Natural Gas Corporation Ltd.</title><description>...Oil &amp; Natural Gas Corporation Ltd (ONGC)  is India s flagship exploration and  production (E&amp;P) company, accounting for  ##% of total proved reserves in the  country. It is listed on the Indian stock  exchange, and is owned ##.##% by the  government of India.  With a market capitalization of more than  US$## billion, it is the largest oil and gas  company in India. It has operations in crude oil and natural gas exploration &amp;  production as well as refining and processing. By industry standards, ONGC is  also one of the world's largest E&amp;P companies, having proved reserves of  approximately #.## billion barrels of oil e quivalent (boe) and annual production of  around ### million boe. Overall, ONGC a ccounts for almost ##% of India s daily  production of crude oil.  ONGC operates predominantly in India,  although it has been assuming a greater  focus on building international reserves in  various countries (through its wholly  owned subsidiary ONGC Videsh Limited), including Sudan, Russia,...

</description><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Oil and Natural Gas Corporation Ltd.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">2565</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">300.0000</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">Analysis</moodys:report_class><moodys:format xmlns:moodys="http://www.alacra.com/moodys">pdf</moodys:format><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Oil and Natural Gas Corporation Ltd.</moodys:issuer_list><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PBC_106523</moodys:docid><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item></channel></rss>