OIL AND NATURAL GAS CORPORATION LIMITED ANNUAL REPORT 2007-2008 DIRECTORS' REPORT Dear Members, On behalf of the Board of Directors of your Company, it is my privilege to present the 15th Annual Report and Audited Statement of Accounts for the year ended 31st March, 2008, together with the Auditors' Report and Comments on the Accounts by the Comptroller and Auditor General (C&AG) of India. At the outset, I must congratulate you as your Company has been the first and only Indian company to b