Indus Gas Limited (AIM:INDI) announced exploring of strategic alternatives. Following the recent significant decline in the company's share price, the company notes that the share price has now stabilised, but the Board believes that it is in no way reflective of the Company's underlying long term value. Strategic alternatives: Given the recent share price performance, the company's board and senior management are investigating a range of strategic options, including appointing a top tier investment bank to find strategic industry partners who have expertise in helping us unlock the company's significant gas reserves through fracking.

The company looks forward to updating the market further in the future.